Ringgit

But analysts think the weakness is a correction rather than the beginning of a depreciation trend

Both countries also review opportunities for greater energy cooperation

The nation’s strong currency and stable economic growth have been a key allure for global investors

The currency has emerged as a beacon of regional stability, shielding against geopolitical volatility

Gains have been supported by strong exports and a surge in investment tied to Malaysia’s fast-growing data centre industry

Malaysia’s currency has also been boosted by foreign direct investment related to AI

Businesses say the strengthening ringgit is starting to squeeze exporters’ margins, though SME importers get cost relief

Its central bank warned that “downside risks have risen”

Measures to support local businesses, given the impending RTS Link, will be announced later