Malaysia's Official Reserve Assets At US$118.35 Bln As At End-November 2024 - BNM

KUALA LUMPUR, Dec 31 (Bernama) -- Malaysia’s official reserve assets amounted to US$118.35 billion (US$1=RM4.45), while other foreign currency assets stood at US$255.72 million as at end-November 2024, said Bank Negara Malaysia (BNM). 

Ringgit Opens Higher Against Greenback

By Siti Noor Afera Abu

KUALA LUMPUR, Dec 27 (Bernama) -- The ringgit maintained its upward momentum and opened higher against the US dollar on Friday, despite the greenback's strength driven by expectations about the United States (US) administration’s trade policy.

BNM International Reserves Slip To Us$118.1 Bln As At Dec 13, 2024

KUALA LUMPUR, Dec 20 (Bernama) -- Malaysia's international reserves stood at US$118.1 billion (US$1=RM4.50) as at Dec 13, 2024, compared to US$118.3 billion on Nov 30, 2024.

BNM's International Reserves Rise To US$118.3 Bln As At Nov 29, 2024

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia's international reserves stood at US$118.3 billion (US$1=RM4.41) as at Nov 29, 2024, compared to US$118.0 billion on Nov 15, 2024. 

VS Industry Net Profit Declines To RM30.6 Mln In 1Q FY2025

KUALA LUMPUR, Dec 3 (Bernama) -- VS Industry Bhd, an integrated electronics manufacturing services provider, posted a lower net profit of RM30.6 million in the first quarter ended Oct 31, 2024 (1Q FY2025), as compared with RM48.98 million registered in the same period a year ago.

Govt To Simplify Cross-border Approvals To Enable Efficient Fund Flows -- Amir Hamzah

KUALA LUMPUR, Dec 3 (Bernama)  – The government will simplify financial cross-border approvals under the Foreign Exchange Policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Bursa Malaysia Pares Gains In Morning Session But Key Index Stays Up

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia ended the morning session slightly higher as gains in plantation stocks helped offset selling pressure in the financial sector.

TNB Shares Down In Early Session Despite Posting Stronger 3Q Net Profit

KUALA LUMPUR, Dec 2 (Bernama) -- Tenaga Nasional Bhd’s (TNB) share prices on Bursa Malaysia slipped in today’s early session despite posting a stronger performance in the third quarter (3Q) of financial year 2024.

Public Bank 3Q Net Profit Rises To RM1.91 Bln

KUALA LUMPUR, Nov 29 (Bernama) -- Public Bank Bhd’s net profit for the third quarter (3Q) of financial year 2024 improved to RM1.91 billion from RM1.70 billion last year from healthy loans and customer deposits growth.

Malaysia's Official Reserve Assets At US$117.59 Bln As At End-October 2024 - BNM

KUALA LUMPUR, Nov 29 (Bernama) --The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as at end-October 2024, said Bank Negara Malaysia (BNM). 

TNB Net Profit Almost Doubles To RM1.58 Bln In 3Q Amid Higher Electricity Sales

KUALA LUMPUR, Nov 28 (Bernama) -- Tenaga Nasional Bhd’s (TNB) net profit almost doubled to RM1.58 billion in the third quarter ended Sept 30, 2024 (3Q 2024) from RM856.20 million in the same quarter last year, thanks to gains in foreign exchange translation, higher electricity sales and improved operational performance.

Genting Malaysia Net Profit Triples To RM569.16 Mln In 3Q On Higher EBITDA

KUALA LUMPUR, Nov 28 (Bernama) -- Genting Malaysia Bhd’s net profit tripled to RM569.16 million in the third quarter ended Sept 30, 2024 (3Q 2024) from RM177.41 million in the same quarter last year, on higher adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 75 per cent.