Malaysia bank updates

Najib: Announcement On New Economic Model By End Feb 2010

PUTRAJAYA, Dec 22 (Bernama) — The country’s new economic model will be announced by Prime Minister Datuk Seri Najib Tun Razak at the end of February next year.

MAS To Purchase Up To 25 New A330 Aircraft

PETALING JAYA, Dec 22 (Bernama) — Malaysia Airlines is purchasing up to 25 A330-300 aircraft worth US$5 billion in order to serve the growing markets of South Asia, China, North Asia, Australia and Middle East.

Bank Negara International Reserves At RM335.1 Billion

KUALA LUMPUR, Dec 22 (Bernama) — The international reserves of Bank Negara Malaysia stood at RM335.1 billion (equivalent to US$96.2 billion) as at Dec 15, 2009.

Singapore And EU Agree To Negotiate For FTA

By Zakaria Abdul Wahab

SINGAPORE, Dec 22 (Bernama) — Singapore and the European Union (EU) have agreed to start negotiations for a free trade agreement (FTA).

Glomac’s Pre-tax Profit Up 27.6 Per Cent To RM32.8 Million

KUALA LUMPUR, Dec 22 (Bernama) — Glomac Bhd’s pre-tax profit for the first six months ended Oct 31, 2009 rose by 27.6 per cent to RM32.8 million from RM25.7 million in the same period last year, underpinned by stronger contributions from Glomac Tower.

Economic Recovery To Aid Property Market Next Year

KUALA LUMPUR, Dec 22 (Bernama) — Improvement in the economy will help the property market to experience a slow steady recovery next year, according to the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector (PEPS).

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