PublishedDeputy International Trade and Industry Minister Ong Kian Ming said following the trade war between the US and China, Malaysia could benefit in the short run in terms of trade and investment diversion from sources originally going to China. — Picture by Shafwan Zaidon
He said following the trade war between the US and China, Malaysia could benefit in the short run in terms of trade and investment diversion from sources that were originally going to China or from sources that were coming out from China. “There is not much that a trade and investment diversion can do when aggregate demand is reduced and this would have severe economic consequences in both the short and long run,” he said at the Malaysian Economic Convention 2019 dinner here today.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia aspires to be E&E hub despite escalating US-China tech war | Malay MailKUALA LUMPUR, June 15 — With the escalating technology war between the United States and China, giant tech companies have had to slash their future revenue forecast due to looming concerns over the tensions between the two economic superpowers. On the other side of the world, Malaysia has been...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit opens lower against US dollar amidst heighten trade tension | Malay MailKUALA LUMPUR, June 17 — The ringgit opened lower against the US dollar today as investors stayed on the sidelines due to uncertainty surrounding the global economy and heightened trade tension involving the United States. At 9am, the ringgit was at 4.1750/1780 against the...
Source: malaymail - 🏆 1. / 86 Read more »
Frozen durian exports to China to reach 1,000 metric tonnes monthly | Malay MailPUTRAJAYA, June 17 — The Agriculture and Agro-based Ministry expects about 1,000 metric tonnes of Malaysia’s frozen whole durian to enter the Chinese market every month. Its Minister, Datuk Salahuddin Ayub told reporters this at the launch of the event to commemorate the inaugural export of...
Source: malaymail - 🏆 1. / 86 Read more »
Record set as Babe Ruth jersey sells for US$5.6m | Malay MailNEW YORK, June 16 — A New York Yankees jersey worn by baseball legend Babe Ruth was sold at auction for a record-breaking US$5.6 million (RM23.34 million), a statement said yesterday. Hunt Auctions said the jersey, which dates from the 1928-1930 period of Ruth’s career, went under the hammer...
Source: malaymail - 🏆 1. / 86 Read more »
Opening birdie gives Rose share of US Open lead | Malay MailPEBBLE BEACH, June 17 — Gary Woodland stretched his lead to two strokes over Justin Rose after two holes of the final round of the US Open Golf Championship at Pebble Beach yesterday. On a day when Pebble Beach remained receptive in cool, cloudy weather, England’s Rose rolled in a seven-foot...
Source: malaymail - 🏆 1. / 86 Read more »
Woodland denies Koepka with three-stroke US Open triumph | Malay MailPEBBLE BEACH, June 17 — Gary Woodland won the 119th US Open today, capturing his first major title with a 13-under par total to deny two-time defending champion Brook Koepka’s bid for history at Pebble Beach. Woodland punctuated the victory with a birdie bomb at 18, a final flourish in a...
Source: malaymail - 🏆 1. / 86 Read more »