BNM's International Reserves Rise To US$121.3 Bln as At July 31
Malaysia's official reserve assets totalled US$120.61 billion as of the end of June 2025.
KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia's (BNM) international reserves rose to US$121.3 billion (US$1=RM4.218) as at July 31, 2025.
BNM also stated that the reserve position is adequate to meet 0.9 times the total short-term external debt.
According to BNM, its total assets amounted to RM603.2 billion, with gold and foreign exchange reserves, including Special Drawing Rights (SDR), accounting for RM512.8 billion.
A breakdown of the international reserves showed that foreign currency reserves made up the largest portion at US$107.7 billion, followed by SDR (US$5.9 billion), gold (US$4.1 billion), the IMF reserve position (US$1.3 billion), and other reserve assets (US$2.3 billion).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
10 minutes ago
- The Star
Ringgit continues to retreat against greenback on profit-taking after recent gains
KUALA LUMPUR: The ringgit continued its retreat against the US dollar on profit-taking after recent gains to close lower on Friday. At 6 pm, the local note eased to 4.2420/2480 against the greenback from Thursday's close of 4.2340/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said mixed signals from the US Federal Reserve (Fed) have also affected market sentiment, amid growing expectations for an interest rate cut. He noted that Fed officials remained divided on the timing and necessity for such a move. "Some believe inflation could remain persistent, justifying the need to maintain a restrictive monetary policy. Others, however, feel that a rate cut should happen sooner to stabilise growth momentum,' he told Bernama. Mohd Afzanizam also pointed out that the upcoming release of the US Consumer Price Index (CPI) data for July, scheduled for next Tuesday, is likely to intensify the debate among Fed members over the direction of interest rates. "The consensus estimates have pegged the inflation rate at 2.8 per cent, which is higher than 2.7 per cent in the prior month. As such, we will continue to see debate among Fed members on the direction of interest rates,' he said. At the close, the ringgit ended mostly higher against major currencies. It edged up against the yen to 2.8720/8763 from 2.8732/8765 at the close on Thursday, and improved against the euro to 4.9381/9451 from 4.9411/9463. However, it dropped versus the British pound to 5.7034/7114 from 5.6596/6656. The ringgit trended lower against regional peers. It dropped against the Singapore dollar to 3.3014/3064 from 3.2973/3013, declined against the Thai baht to 13.1173/1419 from 13.0954/1146, and was lower against the Indonesian rupiah at 260.3/260.8 from 259.9/260.3 previously. It slipped against the Philippine peso to 7.43/7.44 from 7.42/7.44. - Bernama
Borneo Post
42 minutes ago
- Borneo Post
Saudi's ACWA Power reaffirms S'wak green hydrogen partnership, eyes NEOM-scale development
Abang Johari (sixth right), Mohammad Abunayyan on his left, join Abdul Aziz (sixth left) in a photocall with the delegation. – Photo from Sarawak Premier's Office KUCHING (Aug 8): ACWA Power founder and chairman Mohammad Abunayyan paid a courtesy visit to Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg today, reaffirming the company's strategic partnership with SEDC Energy Sdn Bhd (SEDCE) to develop large-scale green hydrogen projects in the state. According to a press release, the visit underscores ACWA Power's commitment to replicate the scale and ambition of its flagship NEOM Green Hydrogen Project in Saudi Arabia for Sarawak. Currently under development, NEOM is the world's largest green hydrogen project, targeting 4GW of renewable power to produce 600 tonnes of green hydrogen per day. The US$8.4 billion initiative aims to position Saudi Arabia as a global leader in the hydrogen economy ― a vision aligned with Sarawak's clean energy vision. The collaboration is also part of ACWA Power's US$10 billion investment commitment to Malaysia, announced during the Asean-GCC Summit in May this year, with Sarawak expected to benefit from infrastructure, technology transfer, and economic spillovers. In Sarawak, ACWA Power and SEDCE are jointly exploring the development of a green hydrogen facility powered by up to 4GW of captive renewable energy, delivering 2GW of electrolyser capacity for both export and domestic decarbonisation. The companies formalised the basis of this collaboration through an agreement signed last year. Both parties are also in discussions with Sarawak Energy Berhad (SEB) to explore floating solar projects in Batang Ai and Murum hydroelectric dams, and with the State Ministry of Utilities and Telecommunications and the State Ministry of Energy and Environmental Sustainability to ensure regulatory alignment. The cooperation supports Sarawak's Post Covid-19 Development Strategy (PCDS) 2030, the National Energy Transition Roadmap (NETR), and the Sarawak Hydrogen Economy Roadmap (HETR), while strengthening clean energy ties between Malaysia and Saudi Arabia. Also present at the meeting were Sarawak Economic Development Corporation (SEDC) chairman Tan Sri Datuk Amar Abdul Aziz Husain, general manager Datu Abdul Hadi, chief investment officer Haji Zainnurain Othman, SEDCE CEO Dennis Harun Wong, ACWA Power senior advisor to the chairman Tan Sri Azman Mokhtar, country director Mathew Chandapillai, executive vice-president of business development (Middle East/Global Water) Udyan Seth, director of business development and projects Azhari Sulaiman, and Advisor to Chairman ACWA Power Co Dato JIV Sammanathan. Abang Johari ACWA Power green hydrogen projects SEDCE
Barnama
an hour ago
- Barnama
MATRADE Supports RM2.09 Trillion Export Target By 2030
BUSINESS KUALA LUMPUR, Aug 8 (Bernama) — The Malaysia External Trade Development Corporation (MATRADE) supports the country's gross export growth target, averaging 5.8 per cent annually, to reach RM2.09 trillion by 2030. In a statement today, it said it will continue to play a strategic role in expanding global trade networks and intensifying export promotion in high-impact sectors aligned with MADANI economic principles. MATRADE chairman Datuk Seri Reezal Merican Naina Merican said the agency's initiatives will be coordinated to support the government's aspirations under the 13th Malaysia Plan (13MP). "Priority will be given to strengthening the nation's export competitiveness by empowering micro, small, and medium enterprises (MSMEs), exploring new markets, enhancing product innovation, and adapting to an increasingly complex and challenging global trade landscape by embracing digital and sustainable business models." "These efforts align with the 13MP's aspirations, which emphasise the importance of driving economic growth via increasing exports, strengthening economic inclusivity, and incorporating technology and innovation in strategic sectors," he said. Meanwhile, MATRADE chief executive officer Datuk Seri Mohd Mustafa Abdul Aziz said the export promotion programme focuses on key sectors such as electrical and electronic goods, halal, digital, agriculture, franchised products, and services. "These efforts also leverage MATRADE's network of overseas offices to help Malaysian companies effectively foray into international markets," he added. According to MATRADE, expanding export matching programmes, foreign market guidance, and the provision of capacity-building programmes such as seminars, workshops, and related courses will be implemented for MSMEs. It will also take strategic steps in planning export development and promotion programmes that align with government aspirations, particularly in developing high-growth, high-value industries. These include the electrical and electronics sector, games and digital animation, halal products, modern agriculture, global services and franchising.
