🌍 Afternoon News Update | ALPS Global News

Stay informed with the latest headlines from Malaysia and around the world:

🇲🇾 Dewan Rakyat Debates EPF for Non-Citizens & GDP Growth
Malaysia’s parliament discusses a proposal to allow non-citizens to contribute to the Employees Provident Fund (EPF), sparking debates on its impact on employers and citizens. The session also covers the nation’s GDP performance and key policy reforms, including consumer credit regulations and immigration enhancements at KLIA.

📉 Trump’s Tariffs Shake Global Markets
U.S. President Donald Trump has confirmed a 25% tariff on imports from Canada, Mexico, and China, triggering a sharp decline in stock markets. Global investors brace for potential retaliatory actions, increasing economic uncertainty and fears of a prolonged trade war.

🚗 BYD Raises $5.59 Billion in Hong Kong’s Largest Share Sale in Four Years
Chinese electric vehicle leader BYD has successfully raised $5.59 billion in a major stock offering, signaling strong investor confidence. Despite an initial 8% dip in shares, analysts predict this move will accelerate BYD’s global expansion in the EV market.

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