U.S. Secretary of State Marco Rubio will meet his Russian counterpart in Malaysia for what could be a testy conversation as tensions between the countries rise over Moscow's increasing attacks on Ukraine.

Bank Negara Malaysia cut the overnight policy rate by 25 basis points to 2.75% on Wednesday, the first easing since July 2020.

Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to "act with purpose" and enhance trade among each other in the face of global uncertainty, as regional foreign ministers met amid renewed jitters over U.

Malaysia’s Prime Minister Anwar Ibrahim slammed on Wednesday trade tariffs as regional foreign ministers gathered in Kuala Lumpur for a three-day meet,

For all the bluster and optimism from Prime Minister Anwar Ibrahim’s government over its efforts to negotiate a reduction on the proposed US tariffs, Malaysia was among several countries that instead saw its rate increase. On July 8, it was announced that the rate would go up one percentage point to 25 per cent.

Tariff concerns will likely weigh on Malaysia’s currency, stocks and economy in the near term, according to analysts, after the country’s central bank cut its benchmark interest rate for the first time in five years.

The Malaysian Rubber Glove Manufacturers Association (MARGMA) has urged the government to promptly enter sectoral tariff negotiations with the United States (US) following Washington's decision to raise import duties on rubber gloves to 25 per cent from Aug 1,

Malaysia's central bank cut its benchmark interest rate MYINTR=ECI for the first time in five years on Wednesday, as it looks to support the economy amid a weaker growth outlook and rising uncertainty in global trade.