LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 
MARKET • 21/03/2025 05:35 PM

Local Rubber Market Closes Lower In Line With Regional Peers

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, March 21 (Bernama) -- The Malaysian rubber market closed lower on Friday due to weaker guidance from its regional peers and benchmark crude oil prices, a dealer said.

She said market sentiment was dented by traders’ concern over rising geopolitical tensions and global economic uncertainties. 

“Nevertheless, further losses were capped by the tightening of raw materials owing to wintering season in major natural rubber-producing countries and increasing hopes for further Chinese stimulus measures,” she told Bernama.

The Malaysian Rubber Board reported that as of 3 pm, the Standard Malaysian Rubber (SMR) 20 was down by 4.5 sen to 880 sen per kilogramme (kg) while latex in bulk declined by five sen to 688.5 sen per kg.

-- BERNAMA

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