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Wednesday, June 26, 2019

Tag: imports

14% export figures under BN higher than 1.1% in April, Najib...

The former finance minister takes a swipe at his successor for claiming the positive export growth is an early sign of a robust second-quarter GDP growth.

Prevent FMD, stop imports of fresh milk from peninsula, says Chong

He says the Sarawak Veterinary Services Department has issued a circular prohibiting such imports but state government is ignoring it.

Drop in imports due to weaker ringgit, battered stock market, says...

Hoo Ke Ping says it is unlikely that the 9.4% fall in imports in February was due to the midweek Chinese New Year celebrations.

BNM international reserves rise to US$102.6 bil

The international reserves as at March 15 are up from US$102.4 billion as at Feb 28.

Global risks threaten to choke off Europe’s growth engine

As Europe is becoming more advanced, manufacturing industries in Europe must adapt to the changing economy.

Alibaba sees more China-Hollywood deals after `Green Book’ win

Alibaba Group Holding is eyeing more Hollywood movies after the success of 'Green Book' at the Oscars and also expects more US exports into China.

Trump tariffs bring in additional US$9 billion in 1st quarter

Donald Trump is taking a jive with trade tariffs as he has repeatedly touted the tariffs imposed last year, most notably on US$250 billion in annual imports from China.

EU sets out plans for ‘limited’ US trade deal

The effort is also part of a strategy to stop Trump from slapping damaging duties on car imports from Europe, a danger that has especially unnerved Berlin.

Reduction in duty set to spur palm oil exports to India

India's palm oil imports rose 17.3% in December even before announcement of cut in duty on Dec 31.

China allows first-ever US rice imports in ‘goodwill gesture’ ahead of...

Officials in Beijing said the price of US rice is not competitive, that permitting imports should be interpreted as a goodwill gesture.

China seeks to defuse trade war with reversals on cars, corn

The 25% tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting Jan 1.

Malaysia, Japan expected to benefit from trade war

A push by companies in the US and China for import substitution towards the rest of Asia is expected to benefit Malaysia in particular.

China’s import expo logs US$57.8 billion of deals

Deals for intelligence and high-end equipment were set to total US$16.46 billion while those for consumer electronics and home appliances were around US$4.33 billion.

Singapore assessing 2019 forecasts with trade war risks in view

Singapore has already seen exports ease this year.

Malaysia’s exports rebound in September, trade surplus swells

The trade surplus in September jumped to RM15.3 billion, the biggest trade surplus recorded since October 2008.

Record imports balloon US trade deficit in September

With rising wages and low unemployment, Americans purchased more foreign-made telecommunications equipment, computers, mobile phones, aircraft engines, clothing and toys.

China slams brakes on US crude oil imports

The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.

Sri Lanka restricts car imports as currency crashes

The finance ministry banned the import of vehicles for all state institutions for one year.

China is said to cancel trade talks as new US tariffs...

The decision to call off a planned delegation comes as President Donald Trump signals he’s prepared for short-term pain for the US economy by ramping up the trade war.

Asian markets hit by fears of new Trump tariffs on China

The Washington Post and Wall Street Journal said the president had decided to impose 10% levies on $200 billion of Chinese imports and could make an announcement in the coming days.

Apple says proposed China tariffs will boost product prices

The Mac mini desktop computer, Apple Pencil stylus, various chargers and tooling equipment will also be affected.

Trump ups ante on China, threatens duties on nearly all its...

China has threatened retaliation, which could include action against US companies operating there.

Japan to halt Iran oil imports under US pressure

Japan has been seeking a waiver that would allow it to continue importing Iranian oil, but it appears unlikely to obtain one.

America’s top brands sweat next step in Trump’s China trade war

China has vowed to retaliate against all US tariffs but hasn’t announced a response to Trump’s proposal to put duties on another US$200 billion in Chinese imports next month.