RM405B INTERNATIONAL RESERVES AS AT SEPT 30

PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves amounted to RM405 billion (US$97.7 billion) as at Sept 30, 2016. The reserves position is sufficient to finance 8.4 months of retained imports and is 1.2 times the short-term external debt. “The increase in reserves in ringgit terms was mainly due to the quarterly adjustment for foreign exchange revaluation changes following the strengthening of other currencies against the ringgit during the third quarter,” BNM said. the fire-fighting vehicles is valid for three years from Sept 29, 2016, while the maintenance services job is for five years upon the expiry of the two-year warranty period of the firefighting vehicles.