Reuters survey: 22 of 28 economists expect the RBNZ to raise the policy rate 25bps to 2.50% on July 8.

A building collapsed in Mumbai, India, on the 5th (local time), killing at least six people.

Malaysia requires imported complete EVs to have a CIF of at least 200,000 Ringgit and motor output of no less than 180 kW, disqualifying many entry‑ and mid‑range models from BYD, Chery, Zeekr and other Chinese brands and forcing strategic adjustments in the market. Malaysia’s Road Transport Department (JPJ) data show Chinese‑made NEVs (excluding Geely‑owned Proton) are projected to account for about 60% of the country’s NEV market by 2025, with BYD the leading foreign brand. Local assembly is the main workaround, but new investment conditions — notably a requirement that 80% of production be exported — have raised barriers and stalled BYD’s factory plans; Leapmotor and Xpeng are pursuing local assembly via partnerships with existing Malaysian manufacturers to sidestep the export rule.