Economy News

Economy

Malaysia's Durian Crisis: Over 3,000 Trees Felled in Raub to Combat Illegal Land Encroachment

Malaysian authorities are cutting down over 3,000 durian trees in Raub to combat illegal land encroachment in the Gunung Benum Forest Reserve. This operation, part of a broader cra...

Economy

Vietnamese Bananas Surge in Japan: A New Challenger to Philippine Dominance

Vietnamese bananas are rapidly gaining market share in Japan, challenging the dominance of Philippine bananas with competitive prices and high quality, supported by favorable trade...

Economy

U.S. Treasury Secretary Predicts Reciprocal Tariffs to Disappear as Trade Imbalances Correct

U.S. Treasury Secretary Scott Bessent discusses the potential reduction of tariffs on trading partners as trade imbalances correct, with a focus on China as a key competitor.

Economy

US-Brazil Financial Talks Cancelled Amid Trade Tensions and Sanctions Debate

Brazil's Finance Minister Fernando Haddad announced the cancellation of a virtual meeting with US Treasury Secretary Scott Bessent, citing White House activists' interference. The ...

Economy

Trump Extends China Tariff Deadline by 90 Days Amid Trade Talks

President Trump delays China tariffs by 90 days, providing more time for trade negotiations and potentially avoiding high duties. The move follows his comments on improving US-Chin...

Economy

Penang's Durian Kampung Aims for Global Spotlight with New Varieties Registration

Penang is pushing for global recognition of its durian kampung varieties, with over 200 already registered. The state aims to expand its durian export markets beyond Asia to includ...

Economy

Hong Kong Customs Seize $5.6M in Counterfeit Luxury Goods Including Fake Rolex and Louis Vuitton

Hong Kong Customs, in a joint operation with mainland China and Macao, seized $5.6M in counterfeit luxury goods, including fake Rolex and Louis Vuitton items, as part of efforts to...

Economy

Singapore Cracks Down on Illegal Online Sales of Government-Issued Cost of Living Vouchers

Singapore is removing online listings of government-issued vouchers meant to help with living costs, including SG60 vouchers for the nation's 60th independence anniversary. These v...