BNM's International Reserves Rise To US$119.9 Bln

KUALA LUMPUR, June 20 (Bernama) -- The international reserves of Bank Negara Malaysia (BNM) increased marginally to US$119.9 billion (US$1=RM4.24) as at June 13, 2025, from US$119.60 billion recorded as at May 30, 2025.
In a statement today, the central bank said the reserves position is sufficient to finance 5.0 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$106.7 billion), the International Monetary Fund reserve position (US$1.3 billion), special drawing rights (SDRs) (US$5.8 billion), gold (US$3.8 billion) and other reserve assets (US$2.3 billion).

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Barnama

44 minutes ago

• Barnama

TASS Elected Oana Chair For Next Three Years

ST. PETERSBURG, June 20 (Bernama-TASS) -- Russian state news agency TASS has been unanimously elected as chair of the Organisation of Asia-Pacific News Agencies (OANA) until 2028. The decision was made during the plenary meeting of the 19th OANA General Assembly held in St. Petersburg, TASS news agency reported. TASS Director General Andrey Kondrashov was also elected president of OANA for the duration of the chairmanship, while TASS First Deputy Director General Mikhail Gusman will serve as the organisation's secretary-general.

Barnama

an hour ago

• Barnama

Govt Procurement Bill To Strengthen Enforcement

PUTRAJAYA, June 20 (Bernama) -- The Government Procurement Bill, scheduled to be tabled in Parliament this year, is expected to strengthen punitive legal action against parties found guilty of offences related to government procurement. The bill also aims to establish a specific legal framework to regulate the government procurement process, in addition to detailing the powers of stakeholders and enhancing check-and-balance mechanisms to ensure good governance in line with international best practices. The proposal and draft structure of the bill were presented by the Government Procurement Division of the Ministry of Finance, led by its secretary Datuk Norison Ramli, during an engagement session with Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki at the MACC headquarters here today.

Malaysian Reserve

2 hours ago

• Malaysian Reserve

China's Baidu eyes robotaxi expansion to Singapore and Malaysia

BAIDU Inc. is planning to launch its Apollo Go robotaxi service in Singapore and Malaysia as early as this year, according to a person familiar with the matter, as the company continues to expand its global footprint. Apollo Go is in discussions with potential partners to explore the right business models for the two markets, said the person, who asked not to be identified discussing private matters. Baidu Chief Executive Officer Robin Li has previously said the company was seeking partners such as mobility service providers, local taxi companies and third-party fleet operators for an asset-light approach. The development comes as Tesla Inc. prepares to launch its Cybercab robotaxi network within days, with Elon Musk staking the electric car maker's future growth on autonomous driving technology. At the same time, Chinese robotaxi companies including Apollo Go, and US-listed Weride Inc. and Pony AI Inc. are expanding into international markets such as the Middle East, Europe and Southeast Asia. Baidu didn't immediately respond to a request for comment. Dow Jones Newswires reported the plans earlier. Apollo Go is fast scaling up. It has deployed than 1,000 self-driving vehicles worldwide, most of which are in China. It reached 11 million rides by the first quarter of this year, surpassing Alphabet Inc.'s autonomous driving unit Waymo's 10 million paid rides as of May 23. The Baidu unit is also exploring entering Europe and Turkey, and was in talks with Swiss Post unit PostAuto to roll out a robotaxi service in Switzerland. –BLOOMBERG