Azmi & Associates released 2 articles on 25 and 30 April, 2025. Click on the links below to read the article(s).
- Inland Revenue Board’s Push for Net-Worth Transparency among Malaysia’s Richest
- Understanding Research and Development (R&D) and R&D Related Agreements
Azmi & Associates released a number of articles from 16 to 24 April, 2025. Click on the links below to read the article(s).
- Practical Issues in Cross-Border Lending Transaction
- The Intersection of ESG and Islamic Banking Principles
- Key Legal Considerations in the Development of Renewable Energy Projects
- Initiatives and Incentives of Green Sukuk in Malaysia
With the date finally arriving, Minister of International Trade and Industry Tengku Zafrul is in Washington to address the reciprocal tariffs imposed by the United States on Malaysia, where he reiterated Malaysia’s commitment to finding a middle ground on the tariff situation.
Tengku Zafrul met with US Secretary of Commerce Howard Lutnick to discuss the economic relationship between the two countries, ahead of the 90-day pause in the tariffs. During their dialogue, the Minister also expressed Malaysia’s willingness to reduce the trade deficit and enhance technological collaboration.
Malaysia is also ready to work with the US to achieve mutually agreeable solutions regarding the tariffs initiated by the Trump administration. In this aspect, four key areas have been identified for negotiation:
- Reducing the trade deficit
- Addressing non-tariff barriers
- Strengthening technological safeguards and security
- Exploring a potential bilateral trade agreement
China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.
Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be identified discussing private deliberations.
Officials are also discussing waiving the tariff for plane leases, the people said. Like many airlines, Chinese carriers don’t own all of their aircraft and pay leasing fees to third-party companies to use some jets — payments that would have become financially ruinous with the additional tariff.
The exemptions China’s mulling mirrors similar moves on the part of the US, which excluded electronics from its 145% tariff on Chinese imports earlier this month. The pullbacks reflect how deeply intertwined the world’s two biggest economies are, with some key industries grinding to a halt after the trade war escalated.
Cathay Pacific’s new Dallas (DFW) service will be launching this week — further strengthening their network in North America and providing even more travel options for customers.
They are also increasing their flight frequencies to the United States in 2025. By May, Cathay Pacific will be operating 108 return flights per week to North America, offering greater convenience and flexibility:
- 3 return flights daily to New York (JFK), San Francisco (SFO), and Los Angeles (LAX)
- Daily return flights to both Boston (BOS) and Chicago (ORD)
- For Canada, 2 return flights daily to Vancouver (YVR) and 13 return flights weekly to Toronto (YYZ)
The United States on Monday, 21 April 2025, announced its intention to impose tariffs of up to 3,521 per cent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector.
The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.
The decision unveiled Monday comes after anti-dumping and countervailing duty investigations filed around a year ago by several US and other solar manufacturers.
