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UPSTART: Not just child's play

Malaysia Smelting Corporation Bhd (KL:MSC) announced on Monday that tin metal production at its Port Klang smelter has been disrupted following interrupted gas supply, because of the gas pipeline explosion in Putra Heights.

Malaysia Smelting Corp faces tin production disruption from gas supply issues, but expects no major impact on FY2025 earnings

The Philippines is considering reducing tariffs on US products in response to President Donald Trump’s sweeping levies, including a 17% tariff on Manila’s goods, its trade chief said.

Philippines mulls cutting tariffs on US products, says trade chief

BEIJING (April 7): China and Cambodia on Sunday held joint military exercises at a newly expanded naval base on the coast of the Gulf of Thailand, a facility the United States worries could become a military outpost for the Chinese.

Conducted one day after the expanded Ream Naval Base w...

China holds military drills at newly expanded Cambodian naval base

Gas Malaysia Bhd (KL:GASMSIA) announced on Monday an expansion of the gas supply curtailment areas due to ongoing operational limitations stemming from the recent explosion at Putra Heights caused by a gas pipeline leak.

Gas Malaysia says more areas to face gas supply disruption after Putra Heights blaze

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI down 4.01% to 1,443.80 on April 7, 2025

Marine & General Bhd (KL:M&G) is acquiring a clean petroleum product tanker for RM55.19 million as part of its downstream vessel optimisation strategy aimed at boosting competitiveness in the marine logistics sector.

Marine & General to buy petroleum product tanker for RM55m from Muhibbah Engineering unit

Traders boosted expectations for the Federal Reserve (Fed) to cut interest rates this year — and raised the spectre of a reduction before the central bank’s next meeting — as the US administration’s tariffs ignite fears of a global recession.

Traders see five Fed cuts in 2025 and risk of emergency move

US stock index futures plummeted on Monday, and the S&P 500 looked set to confirm a bear market, as investors barrelled into government bonds on economic worries over the fallout of US President Donald Trump's sweeping tariff plans.

Futures plunge, S&P 500 eyes bear territory as market rout worsens

China hit back at plans by both major Australian parties to end a lease on a major port after an upcoming election, an issue that threatens to hurt bilateral ties that have only just recovered from years of tensions.

China urges Australia not to ‘politicise’ Port of Darwin lease

United States (US) Department of the Treasury deputy assistant secretary for Asia Robert Kaproth met with senior Asean officials here on Monday to apprise them of the imposition of tariffs on 168 countries by the US.

US Treasury personnel discusses tariffs with Asean officials 

Eighteen counters were hit with intraday short-selling suspensions, after their share prices breached thresholds, amid heavy selling in the stock market on Monday.

Short selling suspended for 18 counters amid market sell-off

The FBM KLCI plunged 80 points or 5.58% to 1,420.22 on Monday — its steepest one-day drop since March 2008 — as escalating global trade tensions triggered a broad-based selloff across regional markets.

Market plunge drags FBM KLCI down over 5%, as East Asian markets sink on trade war concerns

ONCE a darling of the Malaysian stock market, investors appear to be cashing out of Genting Malaysia Bhd (KL:GENM), following disappointing earnings, rising debt and lack of convincing prospects, pushing shares of the casino and resort operator to their lowest in five years.

Genting Mal...

Are investors cutting losses on Genting Malaysia?

A common maxim of trade wars is that the best retaliation is not to retaliate at all. Such conflicts, after all, are counterproductive in the first place.

China has already trade-war-proofed its economy

KUALA LUMPUR (April 7): CIMB Securities believes the crude palm oil (CPO) prices will be significantly impacted by the US-China trade war-led tariffs on the commodity, amid lower crude oil price.

US reciprocal tariffs to negatively impact CPO prices, may prompt earnings cut — CIMB Securities

Major stock indices plunged on Monday as US President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve (Fed) cutting interest rates as early as May.

Stocks plunge on tariff turmoil, markets bet on rapid US rate cuts

KUALA LUMPUR (April 7): Foreign investors returned to net sellers last week across eight Asian markets, reversing their single-week buying streak, recording a heavy net outflow of US$7.12 billion (RM31.68 billion), with South Korea and India experiencing the heaviest selling pressure.

MIDF: Foreign investors pulled RM31.68b from Asian markets last week, South Korea saw heaviest selling

KUALA LUMPUR (April 7): Google Cloud has appointed Hana Raja as its new country manager in Malaysia.

Google Cloud appoints Hana Raja as new country manager

China warned against panic in the face of President Donald Trump’s tariff hikes, saying it has plenty of policy room to defend the economy, but without ruling out negotiations with the US.

China appeals for calm, readies plans to counter Trump’s tariffs

KUALA LUMPUR (April 7): Half of Malaysia’s electrical and electronics (E&amp;E) exports to the US are at risk of being hit by the recently announced 24% reciprocal tariff, according to Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Half of Malaysia’s E&E exports to US at risk of 24% reciprocal tariff — Zafrul

The construction sector is likely to be less impacted by the US tariffs due to its focus on the domestic market, but industrial job flows may slow temporarily as companies adjust their strategies, analysts said.

Construction sector likely insulated from tariff woes, industrial job flows could slow — analysts

The Ministry of Housing and Local Government has blacklisted 109 property developers for failing to comply with the set regulations, said Minister Nga Kor Ming.

Housing Ministry blacklists 109 property developers for non-compliance, says Nga

President Donald Trump’s top economic officials dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon.&nbsp;

On the heels of huge global stock market falls, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and others dug in on Sunday and declared that Trump would persist in his tariffs agenda, whatever markets may do.

Trump team rejects market fears, shows defiance on tariffs

Malaysia should not panic or rush into decisions regarding the impact of the 24% reciprocal tariff imposed by the US on Malaysian goods, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Malaysia should not panic, rush into decisions over US tariffs, says Amir Hamzah

KUALA LUMPUR (April 7): Umno’s working secretary and public official Datuk Mohd Sumali Reduan said that Umno would hypothetically accept US$10 million from Colombian drug lord Pablo Escobar if he gave them a donation.&nbsp;

Umno working secretary: We will take US$10 mil from Colombian drug lord Pablo Escobar if it is given

Malaysia is seeking clarification from the US over the basis of a 24% retaliatory tariff on its exports, denying claims that the country imposed a 47% tariff on US goods, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul seeks US clarification on 24% tariff, denies 47% tariff on US goods

Cryptocurrencies sold off sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets. Bitcoin shed about 7% of its value from Sunday night through to Monday morning in Singapore to reach a low point of US$77,077 (RM344,233).

Bitcoin plunges into Asia open as crypto feels trade war pain

PETROLIAM Nasional Bhd (Petronas) has been given the mandate by the government to develop the country’s third regasification terminal (RGT) as part of efforts to ensure supply security in Peninsular Malaysia, according to sources.

It is understood that the RGT, to be located in Lumut, P...

Petronas to build regasification terminal in Lumut, third in Malaysia, say sources

Singapore’s political leaders warned of a tough road ahead, after the US unveiled sweeping global tariffs, a move described by an opposition party as scaremongering. &nbsp;

Singapore PM flags tariff alarm, opposition calls it fear tactic

US President Donald Trump’s sweeping tariffs, although dogged by questions about his administration’s calculations of trade imbalances, is having a global impact. Even the smallest of nations have been hit by the US-imposed tariffs that will come into effect this week.

China, which has ...