AGN Evening Update | 15th April 2025
TNB Secures RM705m Kuwaiti Deal | Trump’s Tariff Push Continues | Chinese Retirees Shift Retirement Trends in Southeast Asia

Tonight on ALPS Global News:

🇲🇾 Malaysia: Tenaga Nasional Berhad (TNB) has landed a major RM705 million contract from Kuwait’s Ministry of Electricity, Water and Renewable Energy through its subsidiary TNB REMACO.
The seven-year deal involves maintenance and repair work at the Sabiya Power Generation and Water Distillation Plant—significantly boosting TNB’s international portfolio. CEO Datuk Megat Jalaluddin highlighted the strategic value of this win, which expands TNB’s global presence into key markets like Türkiye, Australia, and the UK.

🌍 International: US Vice President JD Vance said there’s a “good chance” of a new trade deal between the US and the UK, amidst ongoing fallout from President Donald Trump’s global tariff strategy.
Trump’s “Liberation Day” tariffs imposed sweeping 10% duties on imports from allies like the UK and France, rattling global markets. Vance defended the strategy as a long-term solution to trade deficits, while also commenting on European security, Ukraine, and US-Russia relations.

🌏 Asia: A growing wave of Chinese retirees is relocating to Southeast Asia—transforming local economies in Malaysia, Thailand, and the Philippines.
Low living costs, flexible visa options, and access to healthcare make the region a hotspot for retirement. But the influx is also sparking debate over housing affordability, stretched healthcare systems, and rising perceptions of China’s influence.
Malaysia alone has approved over 11,000 retiree visas for Chinese nationals since 2015.

Stay tuned for tomorrow’s Morning News right here on ALPS Global News.