The Rubber Production Incentive (IPG) for smallholders has been activated in Sabah and Sarawak for May 2025, according to the Malaysian Rubber Board (MRB).
Growth in Japan's service-sector activity slowed in May on weaker demand, offering little to mitigate falling factory activity and resulting in a near-zero growth for business overall, a private sector survey showed on Wednesday.
Most Asian stocks rose on Wednesday amid growing hopes that U.S. and Chinese leaders will speak this week and revitalize stalled trade talks between the two countries.
President Donald Trump’s u-turn on Liberation Day tariffs may have spared the U.S. economy from a hard landing, but UBS warns that recession risks are climbing once again, backed by a cocktail of hard data, rates, and credit signals.
The U.S. light vehicle sales rate slumped in May by the most in about five years following a rush by auto shoppers during the previous two months to beat anticipated price hikes stoked by President Donald Trump's tariffs on imported automobiles.
Oil prices fell slightly in Asian trade on Wednesday after clocking a strong run-up in the past two sessions as traders braced for potentially tighter crude supplies in the coming months.