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ASEAN foreign ministers to discuss regional and global challenges amid trade concerns
ASEAN foreign ministers to discuss regional and global challenges amid trade concerns

CNA

time07-07-2025

  • Business
  • CNA

ASEAN foreign ministers to discuss regional and global challenges amid trade concerns

ASEAN foreign ministers are gathering in Kuala Lumpur this week against the backdrop of the dispute between Thailand and Cambodia. Trade concerns stemming from US President Donald Trump's tariff campaign are also weighing on their minds. Observers say the bloc is facing growing pressure to prove its relevance, amid global uncertainty and a range of regional challenges. CNA's Afifah Ariffin reports.

BRICS Summit: Bloc leaders slam "indiscriminate" import tariffs in joint statement
BRICS Summit: Bloc leaders slam "indiscriminate" import tariffs in joint statement

CNA

time07-07-2025

  • Business
  • CNA

BRICS Summit: Bloc leaders slam "indiscriminate" import tariffs in joint statement

Leaders of the BRICS group of nations have slammed what they describe as "indiscriminate" import tariffs as they meet in Rio de Janeiro, Brazil. The joint statement by the bloc of emerging economies did not mention the US or its leader Donald Trump by name. But it comes days before a tariff deadline set by the White House. Ishan Garg, Afifah Ariffin, Saifulbahri Ismail and Kate Fisher report.

Malaysia's expanded Sales and Services Tax to take effect tomorrow
Malaysia's expanded Sales and Services Tax to take effect tomorrow

CNA

time30-06-2025

  • Business
  • CNA

Malaysia's expanded Sales and Services Tax to take effect tomorrow

Malaysia's expanded Sales and Services Tax (SST) will take effect tomorrow (Jul 1), despite public outcry. The tax hike of 5% to 10% will apply to a range of luxury and non-essential items, such as imported seafood. Foreigners can also expect to pay more for private healthcare and education. The expanded SST is projected to generate up to RM10 billion, or US$2.4 billion, a year — revenue the government said will go towards healthcare, education and targeted subsidies. Afifah Ariffin has more.

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