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Prime Minister Anwar Ibrahim announced Malaysia will conduct stricter reviews of new investment applications to guarantee they create employment and economic benefits domestically, targeting firms using warehouses without contributing meaningfully to the local economy.
Malaysia has begun an anti-dumping duty investigation into coated steel imports from China, Taiwan, and Vietnam after domestic steelmaker NS Bluescope Malaysia filed a petition alleging unfair pricing practices causing material industry harm.
Malaysia is now subject to a 10 per cent US tariff related to forced labour concerns, effective immediately. The Ministry of Investment, Trade and Industry says it will maintain dialogue with American counterparts regarding the import duties.