Malaysia’s high-profile SRC case moves forward, while global trade tensions shift Chinese goods into Southeast Asia.

🇲🇾 Malaysia

Malaysia’s prosecution is pushing forward in Najib Razak’s second SRC trial after his legal team failed to get the case dismissed.

• Over 800 exhibits from the original trial will be reused
  
• Najib’s legal team requested a DNA (discharge not amounting to acquittal)
  
• Case involves RM27 million from 1MDB-linked funds
  

🌍 International

Former US President Donald Trump claims a trade deal with China is “done.”

• China to supply rare earths and magnets upfront
  
• US to allow Chinese students into its universities
  
• Agreement still pending formal sign-off by Xi Jinping
  
• Markets remain skeptical of implementation details
  

🌏 Asia

Citigroup highlights a surge in Chinese exports to Southeast Asia due to US tariffs.

• Vietnam, Thailand, and Indonesia see spike in goods
  
• Indonesia’s textile sector under pressure
  
• Transshipment suspected as a way to bypass US levies
  
• Both Vietnam and Thailand vow to tighten origin rules

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