Markets highlights

1 While the rate of decline has slowed, the latest numbers for Malaysia's foreign exchange reserves are still below US$100 billion. The ringgit is likely to remain weak as holdings for the first 14 days of August dipped 2.3 per cent to US$94.5 billion.

2 Two non-executive directors of Singapore-listed Tianjin Zhongxin Pharmaceutical, Mr Zhang Jian Jin and Mr Ma Gui Zhong, are assisting the Tianjin Commission for Discipline Inspection with investigations into possible violations of China's laws and regulations.

3 Singapore-listed Chiwayland International said that its 60 per cent-owned subsidiary Suzhou Chiway Shangcheng Real Estate yesterday won a bid for land use rights for a parcel in Suzhou Industrial Park, which it plans to develop into homes.

4 Dukang Distillers is warning that the firm's loss for the year ended June 30 will be even wider owing to impairment losses for some of its assets. It notes, however, that the loss is non-cash in nature and therefore does not affect cashflow.

5 OSIM International has denied a report by business news website Mergermarket that it is in talks to sell its healthcare GNC franchise. Neither OSIM nor its subsidiary ONI Global is in talks, the company said in a filing with the Singapore Exchange.

A version of this article appeared in the print edition of The Straits Times on August 22, 2015, with the headline '1 2 3 4 5 Markets highlights'. Print Edition | Subscribe