Malaysia seeks clarity from the US on 100% chip tariffs, revises EPF proposals, and pushes a record RM705B deal to shield its export economy.
🇲🇾 Malaysia
- EPF Reform Sparks Pushback:
MP Mohd Shahar Abdullah calls for a flexible, phased EPF payout system, warning against mandatory monthly annuities without inflation protection. - US Chip Tariffs Threaten Exports:
MITI seeks urgent clarification from the US over Trump’s tariff plan that could devastate Malaysia’s semiconductor sector, worth RM60.6B. - RM705B Investment Offer to US:
Malaysia proposes massive investments—including Boeing aircraft purchases—to secure US trade exemptions and boost long-term economic ties. - Palm Oil Market Dips:
Prices drop 0.68% amid weak export demand and swelling inventories. Industry braces for more volatility amid global trade tensions.
🌍 International
- Ghana Helicopter Crash Kills Ministers:
Defence and environment ministers among eight dead after a military chopper crash in Ashanti. The incident stuns the nation and international partners.
🌏 Asia
- South Korea Exempt from US Chip Tariffs:
Samsung and SK Hynix dodge 100% tariff under new Washington-Seoul deal, giving Korea an edge in the escalating chip trade war.
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