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 • 07/08/2025 06:24 PM

Rubber Market Ends Lower As US Tariffs Take Effect

By Harizah Hanim Mohamed

KUALA LUMPUR, Aug 7 (Bernama) -- The Malaysian rubber market ended easier today in tandem with its regional counterparts as tariffs announced earlier by the United States (US) began to take effect, said a dealer.

US tariffs, ranging from 15 per cent to 50 per cent on major economies, started to take effect Thursday even as negotiations with Washington remained ongoing.

“The US imposes 100 per cent levy on semiconductor imports effective midnight (US time) on Aug 7, 2025, with the only exemption on the industry is provided to companies that currently manufacture or plan to manufacture in the US,” the dealer said.

Japanese rubber futures declined on Thursday, as weaker US manufacturing activities dampened sentiment.

At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) fell by six sen to 718 sen per kilogramme (kg) while latex in bulk eased by half a sen to 565 sen per kg.

-- BERNAMA

 

 

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