This local depreciation is not an isolated event, as the Malaysian currency has traded lower against a comprehensive basket of major global and regional peers.
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
Most economists surveyed expect the BSP to extend its tightening cycle to contain inflationary pressures. Four forecast a 50-basis-point increase, while five expect a smaller 25-basis-point move.
Under the lease, Acwa Power Philippines will develop an integrated solar and battery storage facility with an eventual capacity of up to 500MW.
Several countries across the region, including the Philippines, Indonesia and Japan, issued tsunami warnings following the quake, although most have since been lifted.
The tremor struck at 7:37 am at a depth of 33 km, with its epicentre located 32 km south of Maasim.