LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 

Malaysia's International Reserves Rise To US$118.3 Bln As At Feb 28, 2025

KUALA LUMPUR, March 7 (Bernama) -- Malaysia’s international reserves rose to US$118.3 billion as at Feb 28, 2025, from US$117.7  billion on Feb 14, 2025, according to Bank Negara Malaysia (BNM).

The central bank said the reserves position is sufficient to finance five months of imports of goods and services and is 0.9 times the total short-term external debt. 

The main components of the reserves were foreign currency reserves (US$105.9 billion), the International Monetary Fund reserves position (US$1.2 billion), special drawing rights (SDRs) (US$5.7 billion), gold (US$3.3 billion) and other reserve assets (US$2.2 billion).

Total assets amounted to RM639.51 billion, comprising gold and foreign exchange and other reserves, including SDRs (RM529.37 billion), Malaysian government papers (RM12.95 billion), deposits with financial institutions (RM3.41 billion), loans and advances (RM26.73 billion), land and buildings (RM4.59 billion), and other assets (RM62.46 billion).

The central bank said total capital and liabilities amounted to RM639.51 billion, comprising paid-up capital (RM100 million), reserves (RM197.14 billion), currency in circulation (RM174.28 billion), deposits by financial institutions (RM138.68 billion), federal government deposits (RM7.60 billion), other deposits (RM79.80 billion), Bank Negara papers (RM10.71 billion), allocation of SDRs (RM28.18 billion), and other liabilities (RM3.02 billion).

-- BERNAMA