US importers looking to sidestep Trump administration tariffs are desperately seeking space in a type of warehouse that lets them stash merchandise for as long as five years without paying duties.

Trump trade war sparks run on US warehouses with tariff loophole

US consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks, bank executives warned, if the upheaval sparked by President Donald Trump's trade policy persists.

US banks flag risks to consumer spending from tariff policy uncertainties

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Petronas Gas, RHB Bank, Lien Hoe, Mayu Global, Binastra, Skygate, Tomei, Binasat, Aurelius Technologies, Kerjaya Prospek, Scope Industries, Keyfield International, Bank Rakyat

Apple's main India suppliers Foxconn and Tata shipped nearly US$2 billion (RM8.83 billion) worth of iPhones to the US in March, an all-time high, as the US company airlifted devices to bypass President Donald Trump's impending tariffs, customs data shows.

Apple airlifted iPhones worth a record US$2 bil from India in March as Trump tariffs loomed

LONDON (April 15): European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy trade war erodes long-term trust in the dollar, or if President Donald Trump implements even more extreme measures such as capital controls.

The fallout from Trump'...

European rating agency Scope sends US downgrade warning

The first phase of the 2025 PKR election, involving the Angkatan Muda Keadilan (AMK) and Women's Division levels, has been completed. 

The party polls were held in seven states from last Friday to Sunday, said Party Election Committee (JPP) chairperson Datuk Seri Dr Zaliha Mustafa.

First phase of PKR election completed, focus shifts to second phase — Zaliha

The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.

EU expects most US tariffs to stay as talks make little progress

Loss-making Scope Industries Bhd (KL:SCOPE) is disposing of its wholly owned manufacturing unit to Singapore-based Luxshare Precision ingapore Pte Ltd for RM96.7 million.

In a filing with the exchange on Tuesday, Scope Industries said it had entered into an agreement with Luxshare for the disposal of its entire stake in Scope Manufacturers (M) Sdn Bhd (SMSB).

anufacturer in Taiwan.

Scope Industries to exit manufacturing via RM96.7 mil sale of subsidiary

President Donald Trump threatened Harvard University’s tax-exempt status after the school said it won’t accept his administration’s demands in exchange for continued federal funding.

Trump threatens Harvard’s tax-exempt status after school’s rebuke 

Zimbabwe’s bullion-backed currency is heading for failure because policy mistakes have pushed it to the sidelines, according to the country’s oldest independent brokerage.

Zimbabwe’s ZiG currency risks extinction stoked by policy choices

Malayan Banking Bhd (KL:MAYBANK) announced on Tuesday that Maybank customers travelling to Cambodia can make instant KhmerQR retail payments via the MAE mobile app at a low conversion fee.

Maybank customers can now make QR payments through MAE app in Cambodia

Sultan of Perak&nbsp;Sultan Nazrin Shah on Tuesday said that the actions of the leaders of two religious institutions, namely the Al-Falah Mosque Subang Jaya and the Sri Maha Kaliamman Temple on Jalan Putra Harmoni, in helping the victims of the gas pipeline fire in Putra Heights regardless of their racial or religious identities&nbsp;should be emulated.

Perak Sultan hails mosque, Hindu temple's inclusive aid for Putra Heights fire victims

Malaysia will bear the brunt of weaker exports to the US, and the economic damage could prompt the Malaysian government to also delay subsidy rationalisation, Macquarie flagged on Tuesday.

Malaysia to bear brunt of weaker exports to US, Macquarie flags

U Mobile Sdn Bhd on Tuesday appointed Huawei Technologies Co Ltd and ZTE Corp as its technology partners to deploy Malaysia’s next-generation 5G network under the dual network model.

U Mobile to roll out 5G network with Huawei, ZTE; sees 'similar' rates to DNB

The High Court here increased to RM10,000, from the RM5,000 fine imposed by a Magistrate against a former president of Universiti Malaya Association of New Youth (Umany) for insulting the university’s vice-chancellor by staging a protest during a convocation ceremony in 2019.

High Court doubles fine to RM10,000 for former UM student activist for insulting vice-chancellor

China hopes to begin another “50 golden years” in its bilateral relations with Malaysia, said President Xi Jinping, as he begins his three-day visit here for the first time in 12 years as part of his Asean tour.

China sees another ‘50 golden years’ with Malaysia, says Xi

The bank accounts of Mayu Global Group Bhd (KL:MAYU) and several of its subsidiaries, holding a combined total of RM10.67 million, have been frozen by the Royal Malaysia Police (PDRM) as part of an ongoing investigation under anti-money laundering laws.

In a filing with Bursa Malaysia on Tuesday, Mayu Global also disclosed that its executive director Tan Kim Hee, who was detained by Bukit Aman police on April 2 to assist with the investigation, was released on April 7 without any charges filed against him.

Mayu Global says bank accounts frozen in money laundering probe; director released with no charges filed

TCS Group Holdings Bhd’s (KL:TCS) new executive director Datuk Frankie Ng Kwang Hua has become the third largest shareholder after buying 50 million shares — an 8.32% stake — from the company’s founder and managing director Datuk Tee Chai Seng in a direct deal.

TCS Group's new executive director Frankie Ng becomes third largest shareholder after buying shares from founder

Mah Sing Group Bhd reported a strong market response to its latest township development, M Legasi, with over 90% of units in the first phase of the Impira series sold.

Mah Sing’s M Legasi township in Semenyih sees over 90% take-up for first phase of landed homes

RHB Bank Bhd (KL:RHBBANK),&nbsp;the country's fourth-largest lender by assets, has been named as the third defendant in a RM313.08 million lawsuit filed by Prismaworld Embassyview Sdn Bhd in the Kuala Lumpur High Court.

RHB confirms named as defendant in RM313m Taman U-Thant suit, to contest claims

The restoration of gas supply in Putra Heights, Subang Jaya — where a massive blaze took place two weeks ago after a pipeline leak — is currently estimated to take place no earlier than July 1, said Petronas Gas Bhd (KL:PETGAS).

Gas supply restoration in Putra Heights expected by July 1 at the earliest, says Petronas Gas

TWO rows of white terraced heritage houses located behind the famous Bangkok Lane mee goreng shop in Penang are among seven clusters of properties up for sale. All 39 of the freehold units have been put up for sale through tender.

Located further along Jalan Burma, eight shophouses — be...

Prime Penang properties worth up to RM400 mil for sale

Datuk Zarul Ahmad Mohd Zulkifli, a former director of Consortium Zenith BUCG Sdn Bhd, told the sessions court he was grateful to Lim Guan Eng for helping secure the Penang undersea tunnel project and denied holding any grudge against him.

Zarul Ahmad denies holding grudge, says he's indebted to Guan Eng for Penang undersea tunnel project

(April 15): It’s been just days since China responded to US tariffs with its own set of eye-watering levies, but one corner of the petroleum market is already in crisis as bilateral trade collapses between the two heavyweights.

The price of propane, a type of liquefied petroleum gas, ha...

China’s US decoupling collapses trade in key petroleum product

THE financial year ended 2024 was a great year for investors, as many Malaysian corporates paid out higher dividends, as well as special dividends, proving that not just big-cap blue chips can afford to give generous dividends. &nbsp;

Many agree that the higher dividends are largely att...

Mid-cap stocks doled out higher dividends in FY2024

The Asean+3 — Asean, China, Japan and Korea — region may face its weakest growth outlook since the onset of the Covid-19 pandemic as escalating US trade tariffs and surging policy uncertainty put pressure on the region’s economic expansion, according to the Asean+3 Macroeconomic Research Office (Amro).

US tariff shock could push Asean+3 growth below 4% this year — Amro

CGS International anticipates Chinese President Xi Jinping’s visit to Malaysia could pave the way for potential developments beyond trade, particularly in key areas such as infrastructure, industrial parks, technology, and commodities.

Xi’s visit may unlock new investment opportunities beyond trade, says CGS International

Chinese President Xi Jinping arrived in Malaysia on Tuesday for a three-day state visit at the invitation of the King,&nbsp;Sultan Ibrahim Sultan Iskandar.

China's Xi arrives in Malaysia for three-day state visit

Naza Automotive Group (Naza Auto) plans to strengthen its core automotive brands, improve financial stability, and focus on profitable segments over the next three years, while reducing reliance on lifestyle and niche areas.

Naza Auto to focus on core brands, cut frills in three-year plan to boost profitability

Some major public institutions in Canada, including a pension management firm and a leading hospital, are advising staff against travelling to the US, marking a greater erosion in the country’s longstanding trust with its neighbour.

David Ramli, Lulu Yilun Chen, Olivia Poh & Selina Xu