Lim Guan Eng wants govt backing for Malaysian business in tariff war
Lim Guan Eng urged the Malaysian government to suspend cost-increasing policies like tax hikes, electricity tariff increases, and floating RON95 petrol prices to ease the burden on industries facing US tariffs. Speaking in Parliament, the Bagan MP warned that without support, SMEs’ GDP contribution could drop to 35%. He proposed an economic stimulus, banking relief for borrowers, and a 50% local content rule for investors to protect local businesses. Lim also called for stronger anti-dumping enforcement. Prime Minister Anwar Ibrahim announced RM1 billion in financial guarantees for SMEs to counter the 24% US tariffs, currently paused for 90 days.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
CIMB Group appointed Mak Joon Nien as CEO of Growth Markets and CEO of CIMB…
Pavilion REIT posts higher Q1 2026 DPU at 2.80 sen, supported by stronger net property…
In 2026, we expect Malaysia’s economy will grow at +4.2%, underpinned by continued expansion in domestic…
Tambadana, a Malaysian financing company, enhances customer loyalty through engaging seasonal campaigns, promoting financial literacy…
PNB appoints Rizal Rickman Ramli as new President & Group CEO, succeeding Dato’ Abdul Rahman…
AMD unveiled MRC to strengthen AI networking. The protocol ensures GPUs stay synchronized under real‑world…
This website uses cookies.