
Malaysia upholds free trade principles for economic growth
Speaking at the Malaysia-Italy Economic Partnership Roundtable, Anwar emphasised the importance of global stability and cross-border collaboration in driving economic prosperity.
The session, co-chaired by Anwar and Italian Deputy Prime Minister Antonio Tajani, gathered over 100 companies from both nations, spanning manufacturing, services, and trade sectors.
'This meeting underscores our shared dedication to expanding trade and investment opportunities between Malaysia and Italy,' Anwar said.
He highlighted Malaysia's openness to foreign investment, efficient governance, and competitive economy as key factors attracting Italian businesses.
The discussion also explored potential collaborations in renewable energy, digital economy, aerospace, and high-tech industries—sectors aligned with Malaysia's economic reform agenda.
Anwar noted that active participation from leading firms signals strong prospects for high-impact bilateral partnerships.
'These strategic sectors offer immense potential for innovation and mutual growth,' he added.
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Malay Mail
an hour ago
- Malay Mail
Miti: Evidence of dumped steel imports from China, South Korea, Vietnam prompts provisional duties
KUALA LUMPUR, July 5 — The government has found sufficient evidence that imports of galvanised iron or steel coil and sheet products from China, South Korea, and Vietnam were brought into the country at dumped prices. The Ministry of Investment, Trade and Industry (Miti) said in a statement that this preliminary determination in the anti-dumping duty investigation was made under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. 'Therefore, the government has decided to impose a provisional anti-dumping duty, in the form of a bank guarantee, equivalent to the identified dumping margin in the preliminary determination, ranging from 3.86 per cent and 57.90 per cent on imports of the subject merchandise from China, South Korea, and Vietnam, to prevent further material injury to the domestic industry during the investigation. 'The imposition of temporary anti-dumping duties will be effective for a period not exceeding 120 days, starting from July 7, 2025, and a final determination will be made on or before November 3, 2025,' it said. According to Miti, the government initiated the anti-dumping investigation on February 6, and based on this preliminary determination, the investigation will proceed. The probe, conducted under the Countervailing and Anti-Dumping Duties Regulations 1994, was initiated following a petition filed by CSC Steel Sdn Bhd. The petitioner, representing the local industry producing similar products, alleged that the subject goods originating from China, South Korea, and Vietnam were imported into Malaysia at prices lower than those in their respective domestic markets, causing material injury to the Malaysian industry. However, Miti stressed that interested parties, including importers, producers, foreign exporters, or relevant associations, are invited to provide comments or views on the preliminary determination report. Submissions must be made no later than July 14, 2025. 'Interested parties may obtain the non-confidential version of the Preliminary Determination report via the Trade Remedies Investigation Management (Trima) system at said Miti. — Bernama


Malay Mail
an hour ago
- Malay Mail
All must understand horizontal and vertical integration of Asean — Phar Kim Being and Luthfy Hamzah
JULY 5 — As Malaysia's Asean Chairmanship under Prime Minister Datuk Seri Anwar Ibrahim reaches its midpoint in 2025, a more rigorous appraisal is necessary. Malaysia's efforts, including championing Timor Leste's entry into Asean and orchestrating the successful Asean-GCC-China Economic Summit from May 23 to 27, have drawn wide praise. But the real question remains: what structural reforms or regional frameworks have been solidified to ensure Asean's strategic direction is not only symbolic, but sustainable? Too often, Asean's Group Chairmanship has been assessed through a ceremonial lens — the number of summits hosted, joint communiqués released, or bilaterals scheduled. These are valid barometers, but insufficient. The more substantive measure should be how well the Chair understands and executes horizontal and vertical integration of Asean's regional architecture. All analysts must apply these metrics too, rather than focus solely on perennial issues such as tensions between Thailand and Cambodia or the South China Sea. These challenges will always be present for Asean and the related summits to address. A more scientific approach lies in understanding the horizontal and vertical integration of Asean. Horizontal expansion: Lessons from the past Since its founding on August 8, 1967, Asean's trajectory has been defined by periodic expansions. Brunei Darussalam joined in 1984, marking the second major phase of Asean's evolution after the original five members: Indonesia, Malaysia, the Philippines, Singapore and Thailand. Brunei, with its stable polity and hydrocarbon wealth, added value to Asean without posing internal or sub-systemic challenges. But the subsequent inclusion of Cambodia, Myanmar, Laos and Vietnam (CMLV) between 1997 and 1999 — often praised as the third horizontal expansion — brought deeper and more enduring complications. Despite the noble intentions of 'One Vision, One Identity, One Community,' the development gap between maritime Southeast Asia and continental Indochina remains unresolved. The Myanmar conundrum alone continues to haunt Asean. Each Group Chair, including Malaysia in 2025, inherits the same headache. The Five-Point Consensus forged in Jakarta during Brunei's 2021 chairmanship remains unfulfilled, especially its first commitment: a cessation of violence. In 2025, the Group Chair, namely Prime Minister Anwar Ibrahim, has had to employ quiet diplomacy, leveraging Thailand's channels to engage both Senior General Min Aung Hlaing and hold a separate online dialogue with the National Unity Government (NUG) of Myanmar. Though there were indications of the Tatmadaw's willingness to consider a longer ceasefire process, Malaysia was unfairly criticised for 'legitimising' the military junta — a criticism that ignores the humanitarian collapse inside Myanmar, compounded by a devastating earthquake and the rise of cybercriminal syndicates. Indeed, the rise of 'scamdemics' — criminal activities involving fraud, online scams, and forced labour in digital slavery — has become an alarming security and reputational threat to Asean. The United Nations now estimates these cross-border operations generate nearly US$70 billion annually. With operations rooted along the porous frontiers of Cambodia, Laos, Myanmar, and increasingly northern Thailand, these groups have undermined regional tourism and trust. Eighty to ninety per cent of mainland Chinese tourists now shun Thailand, especially Bangkok and Chiang Mai, citing safety concerns — an invisible but potent cost to Asean's brand equity. Another horizontal expansion: PNG? Indonesia's President Prabowo Subianto recently suggested at the Asean Summit in Kuala Lumpur that Papua New Guinea (PNG) could be embraced into Asean in the future. PNG, after all, has long been an observer of the Asean Regional Forum — a status shared by Timor Leste. This could potentially mark Asean's fourth horizontal expansion, pushing the bloc further into the Pacific. PNG shares land borders with Indonesia's Papua province. However, before enlarging the tent again, Asean must first ensure the house is in order. This is where vertical integration becomes the essential litmus test for a mature and future-ready Asean. Since its founding on August 8, 1967, Asean's trajectory has been defined by periodic expansions. — AFP pic Vertical integration: The real test of Asean Centrality The Asean Charter, adopted in 2008, enshrines the principle of Asean Centrality — the notion that Asean must lead in shaping the region's norms, policies, and institutional interactions. However, the substance of this centrality lies not in speeches or summitry, but in the actual vertical integration of institutions and systems. For example, AseanPOL must evolve beyond annual meetings into a transnational enforcement mechanism. It should resemble INTERPOL in its interoperability, facilitating real-time cooperation among national police forces to counter transnational crimes, human trafficking, cyber fraud, and illegal contraband. The recent surge in digital slavery and trafficking scams has exposed glaring holes in Asean's policing capabilities and inter-agency coordination. Similarly, strategic infrastructure such as the Asean Power Grid and the Trans-Asean Railway Network — both longstanding items on Asean's master plans — cannot succeed without policy alignment and skilled labour mobility. These megaprojects require a liberalised flow of blue- and white-collar workers across Asean borders. But current barriers, including immigration bottlenecks, labour certification issues, and mutual recognition gaps, continue to inhibit such mobility. Moreover, vertical integration demands digital interconnectivity. Asean aspires to be a single digital market, and Malaysia aims to be its AI-driven digital hub. This requires seamless internet backbone connections, cybersecurity protocols, and regulatory harmonisation across the region. In today's Fourth Industrial Revolution, data is power — and Asean must secure and synchronise its digital governance accordingly. Here, Malaysia has a real chance to lead. As Group Chair, it must accelerate Asean's mastery of the six As of the digital age: Artificial Intelligence, Automation, Algorithm, Apps-driven economy, Augmented Reality, and Analysis of Big Data. From blueprint to execution Much of this agenda is already embedded in Asean's various roadmaps: the Asean Master Plan on Connectivity 2010, the Asean 2025: Forging Ahead Together blueprint, and the Kuala Lumpur Declaration on Asean 2045. But these plans must now be matched by political will and policy execution. Hosting 330 meetings annually does not guarantee progress. Asean must shift from being a conference community to a community of action. That shift begins with recognising that horizontal expansion without vertical consolidation only deepens the bloc's structural weakness. In contrast, meaningful vertical integration — from security cooperation and human capital development to infrastructure and digital harmonisation — can deliver the 'People-Oriented, People-Centred' Asean that every Chair claims to support. Preparing the ground for future chairs As Malaysia prepares to hand over the Group Chair role to the Philippines in 2026, and then Singapore in 2027, the legacy it leaves matters. If Malaysia's chairmanship is remembered solely for ceremonial milestones or photo opportunities, then Asean has missed another chance for renewal. But if Malaysia can demonstrate that deep institutional reforms and regional integration strategies were seeded and cultivated in 2025, then it would have set a powerful precedent — not just for Asean's future, but for the credibility of Asean's Group Chairmanship itself. Ultimately, Asean cannot afford to remain a loosely integrated bloc held together by communiqués and camaraderie. It must evolve — by design, not by crisis. And that evolution depends on chairmanships that understand the delicate but urgent balance between expanding the bloc horizontally and integrating it vertically. * Phar Kim Beng, PhD, is the Director of the Institute of Internationalisation and Asean Studies (IINTAS) at IIUM, and Lutfy Hamzah is a Senior Research Fellow at IINTAS. ** This is the personal opinion of the writers or publication and does not necessarily represent the views of Malay Mail.


Daily Express
an hour ago
- Daily Express
Macron hails Anwar's Paris visit as a success, says it revives high-level France-Malaysia ties after 15 years
Published on: Saturday, July 05, 2025 Published on: Sat, Jul 05, 2025 By: Bernama Text Size: Prime Minister Datuk Seri Anwar Ibrahim (left) with French President Emmanuel Macron at the Élysée Palace, Paris, France today. — Bernama pic PARIS: French President Emmanuel Macron has described Malaysia's Prime Minister Datuk Seri Anwar Ibrahim's two-day visit to France as a success, with the two nations reviving partnerships across all sectors. He said this was achieved through Anwar's high-level meetings with his French counterpart François Bayrou and other key officials, his important speech at Sorbonne University Paris as well as his exchanges with civil society leaders and meetings with French businesses. Advertisement Macron also called the visit meaningful, as it had been 15 years since the last official visit by a high-ranking Malaysian official. He expressed delight to see both countries signing agreements in areas such as minerals and aircraft purchase. 'This visit is a success. We also heard your (Anwar) speech at the university and that is a very important moment,' he said during a joint press conference after holding a bilateral meeting with Anwar at the Elysee Palace here yesterday. Anwar had earlier delivered a lecture entitled 'Southeast Asia and Europe: Recalibrating the terms of engagement' at Sorbonne University Paris, where he called for an equal partnership on all grounds between Southeast Asia and Europe. Macron said France's ties with Malaysia and Asean were getting stronger, adding that his visit to Indonesia, Vietnam and Singapore in May this year was an indication of the revival. 'In Southeast Asia, I reiterated our support for regional electricity connectivity, including support for civil nuclear energy,' he added. Meanwhile, Anwar expressed hope that the French President would visit Malaysia after attending the 20th Francophonie Summit in Cambodia next year. He said bilateral ties between the countries were getting stronger with the commitment shown by the French government under Macron's leadership. 'Malaysia Airlines and AirAsia are buying more planes. And Sarawak is also strengthening its own airline by collaborating with France,' said Anwar, who is also the Finance Minister. At the same time, he expressed hope that French companies would continue to manufacture aeroplane parts in Malaysia. In the energy sector, Petroliam Nasional Bhd (Petronas) is working with partners from France in its joint ventures in Latin America and Africa. Earlier in the day, AirAsia signed an agreement to buy US$12.25 billion (RM51.72 billion) worth of long-range Airbus 321XLR aircraft, with deliveries confirmed by 2028. The Prime Minister also witnessed the memorandum of understanding exchange between 3P Capital Advisers and Ardian, a leading private investment firm from France, for the exploration of investment opportunities in the private markets. The private sector initiative can give Malaysians a wider access to alternative investments, Anwar said. Meanwhile, during his meeting with Imerys, an industrial mineral processing company that has been operating in Malaysia for over 25 years, Anwar said the company expressed its commitment to expand operations and support the development of a high-value, environmentally-friendly manufacturing sector in the country. In addition, Anwar held a meeting with the management of Arkema, a global leader in specialty chemicals, which is evaluating potential new investments in Malaysia. Anwar was accompanied on this visit by Foreign Minister Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Mohamad Sabu, Defence Minister Mohamed Khaled Nordin, and Investment, Trade, and Industry Minister Tengku Zafrul Abdul Aziz. Also joining the delegation was Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir. France remains one of Malaysia's top five trading partners within the European Union. In 2024, bilateral trade totalled RM15.95 billion (US$3.63 billion), with RM6.26 billion (US$1.49 billion) recorded between January and May this year. From France, Anwar heads to Brazil to attend the 17th BRICS Leaders' Summit from July 5 to 7. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia