马来西亚股票指数 (FKLCI) 加自选

马来西亚的失业率从去年同期的3.3%降至2025年5月的3.0%，连续第二个月降至2015年4月以来的最低水平。失业人数同比下降5.7%，至52.24万人，为五个多月来的最低点，而就业人数增长2.9%，达到1686万人的历史新高。与此同时，5月份劳动力参与率从一年前的70.6%上升到70.8%的历史最高水平，这是连续第二个月达到这一创纪录水平。

Malaysia’s unemployment rate dropped to 3.0% in May 2025 from 3.3% in the same month a year earlier, marking its lowest level since April 2015 for the second consecutive month. The number of unemployed persons fell 5.7% year-on-year to a more than five-month low of 522.4 thousand, while employment rose 2.9% to a record high of 16.86 million. In the meantime, the labor force participation rate increased to an all-time high of 70.8% in May, up from 70.6% a year earlier, pointing to the second successive month at this record level.

马来西亚央行在2025年7月的政策会议上将基准利率下调25个基点至2.75%，符合市场预期。这标志着五年来首次降息，突显了央行在增长前景疲软和全球贸易不确定性上升的情况下支持国内经济势头的承诺。今年前五个月，总体通胀率和核心通胀率分别平均为1.4%和1.9%。在全球成本压力减弱和国内需求驱动的通货膨胀不明显的支持下，预计全年通货膨胀将保持温和。与此同时，马来西亚的国内生产总值在2025年第一季度同比增长4.4%，与之前的估计一致，但与上一季度修订后的4.9%的增长率相比有所放缓。指标显示，在有弹性的国内支出和稳定的出口表现的推动下，第二季度经济活动保持强劲。

The Central Bank of Malaysia lowered its benchmark interest rate by 25 basis points to 2.75% during its July 2025 policy meeting, in line with market expectations. This marked the first rate cut in five years, underscoring the central bank's commitment to supporting domestic economic momentum amid a weaker growth outlook and rising global trade uncertainties. Headline and core inflation averaged 1.4% and 1.9%, respectively, in the first five months of the year. For the full year, inflation is expected to remain moderate, supported by subdued global cost pressures and the absence of significant domestic demand-driven inflation. Meanwhile, Malaysia's GDP expanded by 4.4% year-on-year in the first quarter of 2025, aligning with earlier estimates but easing from a revised 4.9% growth rate in the previous quarter. Indicators suggest that economic activity remained robust in the second quarter, driven by resilient domestic spending and steady export performance.

尽管特朗普总统宣布从8月1日起对马来西亚商品征收25%的关税，但马来西亚重申了其对与美国建立“平衡”和“互利”贸易关系的承诺。投资、贸易和工业部承认特朗普对贸易不平衡和市场准入的担忧，但强调单方面关税“破坏了两国的商业运营、供应链和投资”。它承诺采取“一切必要措施”保护马来西亚企业和消费者，并补充说，吉隆坡将继续与美国同行接触，以澄清关税的范围并寻求解决方案。特朗普在给总理安瓦尔·易卜拉欣的一封信中称，25%的关税“远低于”消除美国对马来西亚贸易逆差所需的关税，并警告不要改变商品路线或征收报复性关税。

Malaysia reaffirmed its commitment to a “balanced” and “mutually beneficial” trade relationship with the U.S. despite President Trump’s announcement of a 25% tariff on Malaysian goods starting August 1. The Ministry of Investment, Trade and Industry acknowledged Trump’s concerns over trade imbalances and market access but stressed that unilateral tariffs are “disruptive to business operations, supply chains, and investments” in both countries. It pledged to take “all necessary steps” to protect Malaysian businesses and consumers, adding that Kuala Lumpur would continue engaging with U.S. counterparts to clarify the tariff's scope and seek a resolution. Trump, in a letter to Prime Minister Anwar Ibrahim, called the 25% tariff “far less” than what is needed to eliminate the U.S. trade deficit with Malaysia, warning against rerouting goods or retaliatory tariffs.

马来西亚投资、贸易和工业部周六宣布，马来西亚对从中国、韩国和越南进口的某些钢铁征收3.86%至57.90%的临时反倾销税。根据2月6日启动的一项调查的初步调查结果，这些征税适用于镀锌铁或钢卷和钢板的进口。该部表示：“政府发现，有足够的证据表明，被调查货物的进口……正在被倾销，调查应继续进行。”。临时关税将于7月7日星期一生效，可能持续120天，预计将于11月3日作出最终决定。

Malaysia has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea, and Vietnam, the Investment, Trade and Industry Ministry announced Saturday. The levies apply to imports of galvanised iron or steel coils and sheets, following a preliminary finding in an investigation launched on February 6. "The government finds that there is sufficient evidence that the importation of the subject goods... is being dumped and that the investigation should be continued," the ministry said. The provisional duties will take effect from Monday, July 7, and may last up to 120 days, with a final determination expected by November 3.