French companies seek to invest RM4 billion in Malaysia
The companies intend to invest in industries including high-tech manufacturing, aerospace, renewable energy, tourism, digital economy and sustainable infrastructure, the ministry said in a statement on Sunday (Jul 6).
Malaysia sees potential exports of RM675 million for the aerospace, automotive, renewable energy, pharmaceuticals, digital economy, lifestyle and halal industries.
After visiting France, Anwar has headed to Rio de Janeiro to attend the Brics summit. He will meet with Indian Prime Minister Narendra Modi on the sidelines of the meeting on Sunday, Malaysia's Bernama news agency reported. BLOOMBERG
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Straits Times
34 minutes ago
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CNA
an hour ago
- CNA
BRICS nations hit out at Trump tariffs
RIO DE JANEIRO: BRICS leaders descended on sunny Rio de Janeiro Sunday (Jul 6), but issued a dark warning that US President Donald Trump's "indiscriminate" import tariffs risk hurting the global economy. The 11 emerging nations, including Brazil, Russia, India, China and South Africa, represent about half the world's population and 40 percent of global economic output. The bloc is divided about much, but has found common cause when it comes to the mercurial US leader and his stop-start tariff wars. The BRICS leaders voiced "serious concerns about the rise of unilateral tariff and non-tariff measures," warning they are illegal and arbitrary, according to a final summit statement. In April, Trump threatened allies and rivals alike with a slew of punitive duties, but abruptly offered a reprieve in the face of a fierce market sell-off. Trump has warned they will again impose unilateral levies on partners unless they reach "deals" by August 1. BRICS leaders said such moves break world trade rules, threaten to further reduce global trade and were "affecting prospects for global economic development." The summit declaration did not mention the United States or its president by name, but it is a clear political volley directed at the occupant of 1600 Pennsylvania Avenue. The Peterson Institute for International Economics, a Washington think tank, estimates Trump's tariffs could trim about two points off US GDP and hit economies from Mexico to the oil-rich Arabian Gulf. No show Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to Western power. But as the group has expanded to include Iran, Indonesia and others, it has struggled to reach meaningful consensus on issues ranging from the Gaza war to reforming international institutions. The political punch of this year's summit has been depleted by the absence of China's Xi Jinping, who is skipping the meeting for the first time in his 12 years as president. The Chinese leader is not be the only notable absentee. Russian President Vladimir Putin, charged with war crimes in Ukraine, is also opting to stay away, but participated via video link. He told counterparts that the influence of BRICS "continues to grow" and said the bloc had become a key player in global governance. Still, Xi's no-show is a blow to BRICS and to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage. War and peace On Sunday he welcomed leaders to Rio's stunning Guanabara Bay, telling them that multilateralism was under attack, while hitting out at NATO and Israel, among others. He accused the trans-Atlantic defense organization of fueling an international arms race through a pledge by members to spend five percent of GDP on defense. "It is always easier to invest in war than in peace," he said, while accusing Israel of carrying out "genocide" in Gaza. Iran's President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel, is also skipping the meeting, but he was represented by Foreign Minister Abbas Araghchi. Still, Iran won the diplomatic backing of its allies over Israel and the United States' recent bombing of Iranian military, nuclear and other sites. ehran's allies condemned the strikes, and voiced "serious concern over deliberate attacks on civilian infrastructure and peaceful nuclear facilities." The United States, Israel and European nations accuse Iran of using a civilian nuclear program as cover to create a nuclear bomb. The BRICS bloc did not explicitly mention Israel or the United States in the condemnation of the recent attacks, in a concession to members such as hosts Brazil who also enjoy close ties with Western nations.
Straits Times
an hour ago
- Straits Times
China studies resuming chicken imports from Brazil, minister says
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: An excavator moves earth next to a hole in the ground at a poultry farm after Brazil confirmed its first outbreak of bird flu on Friday, triggering protocols for a country-wide trade ban from top buyer China and state-wide restrictions for other major consumers, in Montenegro, Brazil May 16, 2025. REUTERS/Diego Vara/File Photo RIO DE JANEIRO - China is studying ways to soon lift its ban on imports of chicken meat from Brazil, in place since the South American nation reported a case of bird flu on a commercial farm in May, Brazilian Agriculture Minister Carlos Favaro said on Sunday, citing discussions at the BRICS summit in Rio de Janeiro. Speaking during the event, Favaro said the topic came up in a meeting between Brazil President Luiz Inacio Lula da Silva and Chinese Premier Li Qiang. "I had the opportunity during the bilateral meeting between President Lula and the Chinese premier (to say) that they could already review their position on restrictions," Favaro told reporters, adding that Li said China is now "studying the protocols quickly to resume the purchase of poultry meat." While no timeline for lifting the embargo was discussed, Favaro emphasized Brazil's efforts to recover export markets after over 20 countries imposed bans following the bird flu case in the state of Rio Grande do Sul. Most restrictions were lifted after the World Organization for Animal Health declared the case resolved in late June. Brazilian poultry exports have suffered, with shipments of fresh chicken meat falling 23% in June to 314,000 tons, according to government data. On Thursday, the Agriculture Ministry announced that seven more nations had lifted restrictions, leaving bans in place in nine countries, including China, Malaysia, and Peru. REUTERS
