News
In stunning U-turn, Trump walks back some tariffs, triggering historic market rally
WASHINGTON: In a stunning reversal, U.S. President Donald Trump said on Wednesday he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending U.S. stocks rocketing higher.
Wall Street rebounds sharply on tariff pause
The Dow rose 2,962.86 points, or 7.87%, to 40,608.45. The S&P 500 gained 474.13 points, or 9.52%, to 5,456.90, while the Nasdaq added 1,857.06 points, or 12.16%, to 17,124.97.
Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil
JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.
Heartening rubber production figures for Malaysia in 2024
Malaysia’s consistent efforts in boosting rubber production all through the past year yielded significant results with the NR output in 2024 registering an impressive 11.06% growth compared to 2023.
Glove majors take opportunity to reclaim margins, market share amid US-China trade war
THE intensifying trade war between the US and China over the past week appears to present an opportunity for Malaysian glove manufacturers to regain margin and market share lost to their Chinese counterparts in the last few years.
Thailand BOI Approves Investments Worth A Total of US$5 Billion, Including TikTok’s Data Hosting Project; Green Lights Revised Incentives for the Bioeconomy
The Thailand Board of Investment (BOI) today approved investment privileges for projects worth a combined 170.5 billion baht (ca. US$5 Billion) in value, including a digital infrastructure project by leading global video content platform TikTok.
INTERNATIONAL RUBBER ASSOCIATION
SECRETARIAT
THE THAI RUBBER ASSOCIATION
45, 47 Chotivithayakul 3 Road, Hatyai, Songkhla 90110, Thailand
+66 74 429311, +66 74 429011-2
+66 74 429312
secretariat@irainfo.org