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The initiative comes ahead of a meeting in Washington between EU trade chief Maros Sefcovic and his US counterparts.

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IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan told Business Times that the local currency’s seven per cent rally against the US dollar reflects renewed market confidence in Malaysia’s macroeconomic management.

SINGAPORE: Japanese rubber futures rose for the fourth straight session on Wednesday, buoyed by weakness in the yen and auto sector optimism.

Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the US.

HOUSTON: Oil prices fell more than USD2 on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply deficit.