Ringgit’s Rebound Explained

The Malaysian Ringgit has rallied sharply, moving from RM4.06 per US Dollar on 12 January 2026 to RM3.92 by 28 January 2026 on Bank Negara Malaysia’s Kuala Lumpur USD/MYR reference rate; a gain of about 3.6% in just over two weeks. The psychological “4.00” level is now in sight, and the currency dipped below RM3.94 at the end of January.

Menggali Khazanah Silam, Menyuluh Jalan Tamadun (Penulisan Koleksi Tamadun Islam PTAS)

Di tengah-tengah kesibukan ibu kota Kuala Lumpur yang kebanyakannya hidup dalam dunia yang pantas, masih terdapat ruang yang tenang untuk berfikir, merenung, dan mencari makna. Di sinilah letaknya Perpustakaan Tun Ahmad Sarji (PTAS), Institut Kefahaman Islam Malaysia (IKIM), di Bukit Tunku, menjadi sebuah ruang ilmu yang tidak sekadar menyimpan buku, tetapi menghidupkan semangat peradaban.

A Storm in the Tariff Sea: Malaysia and ASEAN’s Opportunity Amid U.S.-China Trade Tensions

Not waiting for the previous round to cool down, the United States has again escalated its tariff policy. On 12 April 2025, China announced a 125% retaliatory tariff on U.S. goods, following earlier U.S. measures that raised total tariffs on Chinese imports to 145%—a combination of a 10% base rate, a new 125% “reciprocal” tariff, and an earlier 10% fentanyl-linked tariff. Days prior, President Trump had also imposed a 10% blanket tariff on all other countries’ imports for 90 days.