Malaysia’s Living Wage Leap, Airbus Tariff Clash, and US-China Trade Talks

Today’s AGN Morning News highlights Malaysia’s new RM3,100 living wage policy, Airbus’s tariff standoff with US airlines, and renewed US efforts to negotiate with China on escalating tariffs.

Malaysia:
Government-linked investment companies, including Khazanah, PNB, EPF, and others, have rolled out a RM3,100 living wage policy. This initiative, nearly doubling the national minimum wage, is part of the Madani Economy’s GEAR-uP program aimed at promoting inclusive growth and social welfare.

International:
Airbus announced it will not cover the cost of tariffs on its planes imported by US airlines, intensifying trade tensions in the aviation sector. The move puts pressure on US carriers to absorb added costs amid ongoing global supply chain challenges.

Asia:
US officials have reportedly reached out to China for tariff talks as trade tensions remain high. While Washington expresses optimism, Beijing insists that negotiations must be fair and respectful, and vows to stand firm if needed.

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