AGN Morning Update | 14th April 2025

Good morning and welcome to your top business and economic headlines.

In Malaysia, the Ministry of Investment, Trade and Industry (MITI) is preparing to present a revised economic impact analysis at the National Geo-Economic Action Council meeting, chaired by Prime Minister Datuk Seri Anwar Ibrahim. The changes come in response to new US tariff developments, including exemptions that may significantly alter Malaysia’s trade outlook.

In international news, US President Donald Trump has exempted smartphones, computers, and various electronic components from new tariffs, a decision welcomed by major tech companies like Apple and Nvidia. The move, described as a “game-changer” by analysts, is aimed at giving firms time to shift production to the US while avoiding immediate price hikes for consumers.

And across Asia, Singapore has adjusted its monetary policy in anticipation of weaker economic growth in 2025. The Monetary Authority of Singapore (MAS) reduced the rate of appreciation for its currency, citing risks stemming from US trade actions and global market volatility. The 2025 GDP forecast has now been downgraded to between 0% and 2%.

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