BNM reserves rise to USD 118.3 billion
KUCHING: Malaysia’s international reserves held by the Central Bank of Malaysia (BNM) stood at USD 118.3 billion (USD1 = RM4.41) as of Nov 29, 2024, compared to USD 117.6 billion on Oct 30, 2024. In a statement, BNM reported total assets of RM595.7 billion as of the close of business on the same date. It […]
Sovereign investment fund being studied
THE state government is still studying the idea of establishing its own sovereign investment fund, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said more studies had to be carried out to ensure the best model and adoption of robust international standards. “By establishing the sovereign investment fund, we will build up […]
