Malaysian Prime Minister Anwar Ibrahim laid out an ambitious five-year plan to drive growth through 2030, hours after holding talks with US President Donald Trump, who is set to unveil tariffs on the nation on Friday and visit later this year.

With the Aug 1 deadline looming for the 25 per cent US tariffs on Malaysian goods, a phone call between the White House and Putrajaya has helped strike a deal to slash the import tax, according to a news report.