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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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HeiTech Padu Acquires 30% Stake in Mirzan Mahathir-Linked Souqa Fintech for RM16.17 Million

HeiTech Padu Bhd is acquiring a 30% stake in Souqa Fintech Sdn Bhd, a company linked to Mirzan Mahathir, for RM16.17 million. HeiTech Padu’s subsidiary, Synergy Grid Sdn Bhd, signed a share subscription agreement to purchase 10.78 million new shares in Souqa Fintech at RM1.50 per share.


Souqa Fintech operates the Islamic payment gateway PayHalal, catering to the growing demand for Islamic financial solutions. This acquisition aligns with HeiTech Padu’s strategy to expand into the Islamic-based e-commerce ecosystem alongside its conventional fintech services.

The deal will be funded with RM11 million in cash, while the remaining RM5.17 million will be covered via invoiced services provided by HeiTech Padu to Souqa Fintech.

Souqa Fintech is primarily owned by Asad Capital Sdn Bhd (58.29%), with Crescent Capital Sdn Bhd, led by Mirzan Mahathir, holding a 16.7% stake. Mirzan is the eldest son of former Prime Minister Tun Mahathir Mohamad.

HeiTech Padu’s stock has surged over 334% year-to-date, closing at a record high of RM3.82 on Friday, with a market capitalization of RM425.35 million. The company is also reportedly the front-runner for the RM1 billion National Integrated Immigration System (NIISe) contract.

Key shareholders in HeiTech Padu include Datuk Seri Mohd Hilmey Mohd Taib, Kelantan's Sultan Muhammad V, MyEG Services Bhd, and Redtone Digital Bhd.

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