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  • 2 days ago
#AWANITonight with @_farhanasheikh

1. Trump's tariff: Ministers to head to Washington end of April
2. Police summons Sin Chew Daily over Jalur Gemilang error

#AWANIEnglish #AWANINews
Transcript
00:00Good evening, you're watching Awani tonight with me, Farhana Sheh.
00:12Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdelaziz
00:16as well as Second Finance Minister Datuk Seri Amir Hamzah Azizan
00:20are set to head to the US at the end of April.
00:24Communications Minister Datuk Seri Fahmi Fazil says the trip aims to discuss
00:28Washington's 24% tariffs imposed on Malaysian goods.
00:34Fahmi also said ASEAN countries had jointly agreed to address US tariff issues.
00:40The outcome of Tengku Zafrul and Amir Hamzah's visit would be reviewed when they return.
00:45Southeast Asia has been particularly affected by President Donald Trump's reciprocal tariffs,
00:50though many have been temporarily suspended for 90 days.
00:53Malaysia has ruled out retaliatory tariffs, with Tengku Zafrul saying last week
00:58that embassy staff in Washington were reaching out to US officials for tariff talks.
01:04Unlike some other Asian countries, Putrajaya has yet to announce if it would purchase more
01:09US imports to narrow its trade surplus with Washington.
01:13Proposals to work from home and online learning during the ASEAN summits in May and October
01:21will be brought to the Cabinet.
01:24According to Foreign Minister Datuk Seri Muhammad Hassan,
01:26this follows traffic congestion faced by the public in Kuala Lumpur and Putrajaya
01:31due to road closures during Chinese President Xi Jinping's state visit to Malaysia.
01:36The Minister apologised to those affected by road closures in conjunction with Xi's visit
01:43from April 15th to 17th.
01:46Several routes in the Klang Valley were either fully closed or diverted to facilitate
01:50official movements during the Chinese President's visit.
01:54Muhammad said he would bring forward a proposal for Government Department staff to work from
01:58home and for schools to conduct lessons from home as well.
02:02Earlier, Muhammad and Prime Minister Datuk Seri Anwar Ibrahim were present to bid farewell
02:06to see and his delegation that were departing for Cambodia.
02:11The government backs the Federal Lands Commissioner's decision to proceed on the eviction of Cal
02:18Tower's former operator, Nara Kuala Lumpur, Sindran Berhad.
02:22Communications Minister Fahmy Fazil says the tower is fully government-owned and now under
02:27the new concessionaire, LSH Service Master Sindran Berhad, which took over on April 1st.
02:36However, Fahmy said that the former operator failed to vacate the premises.
02:42Therefore, he said that legal action has begun, citing Section 425 of the National Land Code.
02:49This allows the Federal Land Commissioner to enter the premises and subsequently grant access
02:54to the new concessionaire.
02:55Fahmy stressed that the tower is in poor condition, requiring maintenance and repairs before it can
03:01reopen to the public.
03:03The government has urged the new company to prioritize urgent repairs and maintenance.
03:08Fahmy has also confirmed that the new company has absorbed 193 staff from formal operator
03:13with no loss in pay and benefits.
03:16Two members of Sintu Daily's editorial leadership have been called to give their statements to
03:25the police today regarding the Jalo Gemilang era featured on its front-page illustration.
03:32Inspector General Police Tansri Razoruddin Husin says the two individuals called were the chief
03:37editor for approving the publication of the illustration, while the deputy chief sub-editor is the graphic
03:43designer of the flag illustration.
03:48Police had received at least 40 reports regarding the issue nationwide.
03:52The case has been investigated under Section 31C of the Emblems and Names in Brackets Prevention
03:58of Improper Use Act 1963 and Section 41B of the Printing Presses and Publications Act 1984.
04:06Last Tuesday, the Chinese-language newspaper had published an incomplete illustration of the Jalo Gemilang,
04:13without the Crescent Moon, on its front page as part of the coverage of Chinese President Xi Jinping's
04:19state visit to Malaysia.
04:21The incident drew criticism from various quarters, including His Majesty Sultan Ibrahim, King of
04:26Malaysia, who said the mistake of displaying the flag without the Crescent Moon could trigger
04:31public sensitivities and is unacceptable.
04:35Subsequently, the newspaper issued an apology for the mistake, explaining that it was an unintentional
04:40technical error.
04:43The Prime Minister and his delegation landed at the Military Air Terminal 2 of the Royal Thai Air Force
05:11at 1.20pm local time.
05:13He was welcomed upon arrival by Thailand's Deputy Prime Minister and Transport Minister.
05:19Mark's Anwar's fourth visit to Thailand since taking office in November 2022.
05:24His schedule in Bangkok includes a bilateral meeting with Shinawath to discuss flood mitigation
05:29efforts in southern Thailand and Kelantan, as well as border connectivity and the ASEAN chairmanship.
05:34Thailand was Malaysia's seventh-largest trading partner globally in 2024 and the third-largest
05:40among ASEAN member states, with total trade amounting to RM214.56 billion.
05:47Up to February this year, bilateral trade reached RM17.65 billion, up from RM16.8 billion during
05:55the same period last year.
05:59We'll go for a quick break.
06:00Don't go anywhere.
06:01Welcome back.
06:20Cambodians lined the roads of Phnom Penh on Thursday, waving Chinese and Cambodian flags
06:25while they wait to welcome the Chinese President Xi Jinping for a state visit.
06:30Xi's visit to Cambodia is part of a long-planned trip that has been seen as a charm offensive in
06:36Southeast Asia in the wake of the U.S. tariffs.
06:39In an article published on Thursday morning in Cambodian media, Xi urged Phnom Penh to oppose hegemonism
06:49and protectionism, repeating messages he sent earlier this week to Vietnam and Malaysia
06:53in the first two legs of his trip.
06:55Southeast Asian countries have been hit hard by U.S. President Donald Trump's tariffs.
07:01Cambodia is a major exporter of clothing and foodwear to the United States and was slapped
07:06with a rate of 49%, one of the highest globally, before most duties were paused until July.
07:15Taiwan's TSMC, the world's largest contract chipmaker, logged a forecast-beating 60% leap
07:23in quarterly profit.
07:25Despite that, its outlook has been complicated by U.S. President Donald Trump's unpredictable trade policies.
07:32Benefiting from surging demand for advanced chips used in artificial intelligence applications,
07:40TSMC said net profit for January to March climbed to $361.6 billion Taiwan dollars.
07:48This is its fourth straight quarter of double-digit growth.
07:51Trump's trade policies and threats to put tariffs on semiconductors have created much uncertainty
07:57for the global chip industry, and TSMC, whose customers include Apple and NVIDIA.
08:02TSMC announced plans for a $100 billion U.S. investments in U.S.
08:07with Trump at the White House last month, on top of a $65 billion U.S. pledge
08:12for three plants in the state of Arizona, one of which is up and running.
08:16U.S. Federal Reserve Chair Jerome Powell says that the Fed will wait for more data on the
08:25economy's direction before changing interest rates.
08:29He also characterizes recent market volatility as a logical processing of the U.S. President
08:35Donald Trump administration's dramatic shifts in tariff policy.
08:39The outlook has now become extremely uncertain, Powell said, with changes in policy that don't
08:46provide businesses and economists with any clear parallels to study.
08:50The administration is, as I mentioned in my remarks, is implementing significant policy
08:56changes, and particularly trade now is the focus. And the effects of that are likely to
09:01move us away from our goals. So, unemployment is likely to go up as the economy slows in all
09:08likelihood, and inflation is likely to go up as tariffs find their way, and some part of those
09:12tariffs come to be paid by the public. So, that's the strong likelihood. And, you know,
09:20my hope is that we'll get through this and get back. We're always going to be aiming for maximum
09:24employment and price stability. That's what we do. I do think we'll be moving away from those goals
09:29probably for the balance of this year, and then, or at least not making any progress, and then we'll
09:34resume that progress as we can. When you think about supply disruptions, that is the kind of
09:39thing that can be, that can take time to resolve, and it can lead what would have been a one-time
09:44inflation shock to be extended, perhaps more persistent, and we would worry about that.
09:49In this case, you can look at the car companies, which their supply chains are likely, seem to be on
09:55track to be disrupted significantly, and you would worry that that process will take some years,
10:01and that the inflationary process might be extended. So, these are all, all of this is highly
10:06uncertain. We're just, we're thinking now, really, before the tariffs have their effects,
10:11how they might affect the economy, and that's why we're waiting, really, to see what the policies
10:17ultimately are, and then we can make a better assessment of what the economic effects will be.
10:22In his first public remarks on recent financial volatility, however, Powell said he felt markets
10:27were functioning well, with the swings in security values showing investors taking stock of the new
10:33landscape. On the legal case currently before the Supreme Court over President Donald Trump's
10:37firing of two Democrats from federal labour boards, Powell said he does not see it likely applying to
10:43the Federal Reserve. Powell's remarks come a day after lawyers for the two individuals told the
10:48Supreme Court in filings connected to the case that allowing the dismissals to stand leaves the
10:53independence of the Fed vulnerable. California filed a lawsuit seeking to block U.S. President Donald
11:02Trump's sweeping tariffs on foreign trading partners. This is because California, as the largest importer
11:09of goods among U.S. states, bears an inordinate share of the tariffs' costs, according to the lawsuit.
11:17Trump imposed 10% tariffs on goods from all countries and higher tariffs for countries
11:22the administration says have high barriers to U.S. imports, most of which he later paused
11:27for 90 days. He also imposed a 145% tariff on China, with exceptions for certain electronics.
11:36China has retaliated with a 125% tariff against the U.S. and the European Union has approved tariffs
11:42to retaliate as well, though they are currently paused. The U.S. Constitution vests the authority
11:49to impose tariffs in Congress, and the law that Trump cites as authority for his new tariffs,
11:54the International Emergency Economic Powers Act, or IEEPA, does not allow the President to tax all
12:01goods entering the United States on a whim, the state said in its lawsuit. Tariffs could cripple
12:07California's 12 ports, which take in 40% of goods imported to the U.S. and provide steady tax revenue
12:14for the state. Other than that, the retaliatory tariffs from China and other nations could harm
12:20California's agricultural exports, which totaled US$23.6 billion in 2022, potentially costing
12:28thousands of jobs, according to the lawsuit. In Wednesday's lawsuit filed in federal court in
12:34San Francisco, California Governor Gavin Newsom and California Ethnic General Rob Bonta, both Democrats,
12:40as a judge to bar the Department of Homeland Security and Customs and Border Protection
12:45from enforcing the tariffs. The Trump administration already faces three similar lawsuits, one in the
12:52New York-based Court of International Trade by business advocacy group Liberty Justice Center
12:57seeking to block all of the tariffs, one in Florida Federal Court by a small business owner
13:03seeking to block the tariffs on China, and the third filed in Montana by members of the Blackfeet
13:09nation, a Native American tribe, dispense Montana and Canada's Alberta's province, challenging
13:15Trump's tariffs on Canada.
13:39Stellar Banks
13:44Gadgets
13:45Capac babysat
13:46Glacuum
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13:58places
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