<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily, on March 8, 2016.</div>

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<div class=newsTextDataWrapInner>KUALA LUMPUR: The international reserves of Bank Negara Malaysia (BNM) remain stable at US$95.6 billion (RM389.09 billion) as at Feb 29 compared with US$95.6 billion as at Feb 15.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>In a statement yesterday, BNM said the reserves position is sufficient to finance 8.3 months of retained imports, and is 1.2 times the short-term external debt, which includes short-term offshore borrowing and non-resident holdings of short-term ringgit debt securities.</div>

This article first appeared in The Edge Financial Daily, on March 8, 2016.

 

KUALA LUMPUR: The international reserves of Bank Negara Malaysia (BNM) remain stable at US$95.6 billion (RM389.09 billion) as at Feb 29 compared with US$95.6 billion as at Feb 15.

...

BNM’s reserves stabilise at US$95.6b

(Jan 20): Chinese soda maker Dayao is gearing up for a Hong Kong initial public offering as early as the second half of 2025, people familiar with the matter said, building on the city’s emerging recovery in new listings.

The company, based in China’s Inner Mongolia, is working wit...

Chinese soda maker Dayao is said to consider $500 mllion HK IPO

A vehicle linked to Scanwolf Corp Bhd (KL:SCNWOLF) managing director Eddy Seah Ley Hong has triggered a mandatory takeover offer to acquire all the remaining shares it does not own in the plastic extrusion maker at 54 sen per share.

Scanwolf MD-linked vehicle triggers mandatory takeover offer, intends to maintain listing

Asking prices for UK homes jumped by the most in over one-and-a-half years at the start of 2025, a sign of resilient confidence in the property market, according to Rightmove.

The online property website said the average price for a property put on the market climbed by 1.7% to £366,189 (RM2 million) in January, rebounding from seasonal drops in November and December.

UK home prices start the year with biggest rise in nearly two years

Underground utilities engineering solutions provider UUE Holdings Bhd (KL:UUE), via its wholly-owned subsidiary Kum Fatt Engineering Sdn Bhd, has secured two contract renewals worth a total of RM27.5 million from Sutera Utama Sdn Bhd.

UUE secures RM27.5m in contract renewals, boosting total 2025 contract wins to RM64m

Support for Germany’s conservative opposition fell below 30% for the first time since April in a new poll, though it maintained a wide lead over the far-right Alternative for Germany ahead of next month’s election.

German Conservatives dip below 30% ahead of February vote

Facebook, TikTok, WhatsApp, and Telegram are the four online platforms identified as the most preferred spaces for scammers to commit fraud, according to Communications Minister Fahmi Fadzil.

Facebook, TikTok, WhatsApp, and Telegram most preferred by scammers to commit fraud online, Fahmi warns

China's top electric vehicle maker BYD aims to complete its US$1 billion (RM4.5 billion) plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm's ambition to dominate in the market where Japanese automakers are popular.

China's BYD to complete US$1b Indonesia plant by year-end, executive says

The Myanmar military and the Myanmar National Democratic Alliance Army (MNDAA) signed a formal agreement for a ceasefire that began on Saturday, China's foreign ministry said, halting fighting near the border of both countries.

Myanmar military, minority armed group agree to ceasefire, says China 

Convenience store chain operator 7-Eleven Malaysia Holdings Bhd (KL:SEM), in which Berjaya Group founder Tan Sri Vincent Tan Chee Yioun owns a 28.07% stake, said on Monday it is setting up 100 original cash recycling machines (CRMs) at its outlets across Malaysia.

7-Eleven Malaysia to set up 100 Seven Bank cash recycling machines at its outlets

The Ministry of Natural Resources and Environmental Sustainability will investigate allegations by a family who claimed they suffered RM500,000 in losses after unknown parties sold their inherited land, said Minister Nik Nazmi Nik Ahmad.

Govt to probe allegations of illegal inherited land sale, says Nik Nazmi

A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) to lower the acceptance conditions to at least 85%.

Khazanah-led consortium lowers acceptance terms for Malaysia Airports takeover to 85%, deadline extended

KUALA LUMPUR (Jan 20): A proposal to convert private lease scheme land to freehold status in Medini Iskandar in Johor, will significantly boost Sunway Bhd’s (KL:SUNWAY) land value and gross development value, according to an analyst.

Sunway to get significant boost from Medini land conversion offer, HLIB says

AHAM Asset Management Bhd (AHAM Capital) has declared a total income distribution of RM1.11 billion for the financial year 2024 (FY2024), covering 89 wholesale and retail funds.

AHAM Capital declares RM1.11b income distribution for FY2024

Malaysia’s exports continued their expansionary trajectory in 2024, driven by strong performances in both manufactured and agricultural products, official data on Monday showed.

Malaysia's 2024 trade jumps 9.2% to record high; exports top RM1 tril for fourth straight year

Convenience store chain operator 7-Eleven Malaysia Holdings Bhd (KL:SEM), in which Berjaya Group founder Tan Sri Vincent Tan&nbsp;Chee Yioun owns a 28.07% stake, said on Monday it is setting up 100 original cash recycling machines (CRMs)&nbsp;at its outlets across Malaysia.

President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to people familiar with the matter.&nbsp;

Trump to declare national energy emergency, unlocking new powers — Bloomberg

WHILE it’s hard to say if the worst is over for a number of beaten-down blue chips, market experts believe it is a matter of time before things look up on the back of strong investment flows.

In fact, some fund managers and analysts are of the view that some of the stocks’ undemanding v...

Better days ahead for beaten-down big caps on Bursa 

SRC International Sdn Bhd’s lawsuit against Umno went to trial on Monday after both parties failed to reach an out-of-court settlement.

SRC and Umno fail to reach settlement in RM19.5 mil civil suit, trial starts

KUALA LUMPUR (Jan 20): Bursa Malaysia Bhd (KL:BURSA) will likely report a 37%-39% net profit growth for 2024, even as earnings may decline in the final three months on a quarter-on-quarter basis, CIMB Securities said.

Bursa Malaysia to report 37%-39% net profit growth in 2024, CIMB estimates

GEORGE TOWN (Jan 20): Fajarbaru Builder Group Bhd (KL:FAJAR) and the Penang Development Corporation (PDC) have signed the&nbsp;master purchase and development agreement (master PDA) for the first phase of the Penang Medi-City project in Batu Kawan.

Fajarbaru, Penang Development Corporation ink master agreement for phase 1 of Medi-City in Batu Kawan

Local institutions remained net buyers for the 13th consecutive week on Bursa Malaysia, with net purchases of RM797.8 million, according to MIDF Amanah Investment Bank Bhd (MIDF).

MIDF: Local institutions maintain buying streak on Bursa for 13th straight week

Jendela Pinggiran Sdn Bhd (JPSB) — a subsidiary of SRC International Sdn Bhd allegedly set up to carry out corporate social responsibility (CSR) activities and received RM43.96 million of SRC funds in 2015 — was used as former Umno president Datuk Seri Najib Razak’s “slush fund”, the High Court heard on Monday.

SRC's sham CSR subsidiary used as Najib’s RM43.96 mil slush fund, court hears

Former prime minister Datuk Seri Najib Razak said that he did not intimidate KPMG’s ex-managing partner Datuk Johan Idris to close the pending audit of 1Malaysia Development Bhd (1MDB) in 2013.

1MDB-Tanore: Najib says didn't intimidate KPMG auditor

Former prime minister Datuk Seri Najib Razak reiterated in court on Monday that he did not take instructions from fugitive Low Taek Jho (Jho Low).

Najib says he did not follow Jho Low's instructions

KUALA LUMPUR (Jan 20): ACE Market-bound Northern Solar Holdings Bhd is expected to continue delivering its above-average net profit margin on lower global solar-panel prices, said PublicInvest Research.

ACE Market-bound Northern Solar’s fair value at RM1, margins above average — PublicInvest

SEREMBAN (Jan 20): The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.

Minimal govt funding for HSR, revival hinges on private participation, says Loke

Dialog Group Bhd’s (KL:DIALOG) proposed subscription of a 27.78% stake in Regas Terminal Sdn Bhd (RGTP), which has an air separation unit (ASU) project in Pengerang, is expected to raise its associate contribution by RM5 million to RM10 million a year, said Maybank Research.

Dialog to see up to RM10m in annual earnings from Pengerang ASU venture — Maybank

Malaysia Airports Holdings Bhd or MAHB&nbsp;(KL:AIRPORT),&nbsp;which&nbsp;is in the midst of&nbsp;a privatisation exercise, said that the group is “almost there” for the resumption of its aerotrain services at the Kuala Lumpur International Airport (KLIA), following a near two-year suspension.

‘We are almost there’ for aerotrain op resumption, says MAHB amid delays

Former prime minister Datuk Seri Najib Razak testified in court that he didn't report the purportedly forged signatures on documents related to 1Malaysia Development Bhd (1MDB).

Najib agrees no report lodged on purportedly fake signatures on 1MDB documents

CBH Engineering Holdings Bhd, a mechanical and electrical (M&amp;E) engineering services provider for substations, is expected to make its debut this Thursday (Jan16), which would make it the second company to list on Bursa Malaysia this year.

The ACE Market-bound company's initial publ...