Highlights from Bank Negara Malaysia’s 2023 Report
KUALA LUMPUR: The following are the highlights from Bank Negara Malaysia (BNM) Annual Report 2023, Financial Stability Review for the second half of 2022 (2H 2023), as well as Economic and Monetary Review 2023 released today:
BNM does not endorse any investment scheme
KUALA LUMPUR: Bank Negara Malaysia (BNM) has advised the public not to be deceived by videos, postings or messages that misuse its name, logo or senior officer’s name. In a statement yesterday, the central bank said action will be taken against the perpetrators. “It is important to remember that BNM does not endorse any investment […]
Malaysia’s economy remains resilient
KUALA LUMPUR: Malaysia’s economy remains resilient anchored by domestic-oriented activities and will continue to be supported by labour market conditions and investments moving into next year, said Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour. He said the labour market conditions, particularly employment and wages, have continued to improve, supporting households’ ability to spend. […]
BNM: e-Money becoming preferred mode of payment
BAU: Malaysia has witnessed a significant surge in electronic payments (e-Money) with citizens increasingly embracing digital transactions. According to statistics released by Bank Negara Malaysia in its 2022 Annual Report, data reveals a remarkable transition toward e-payments, with individuals in Malaysia conducting an average of 291 e-Money transactions in 2022, up from 221 transactions in […]
Bank Negara bomb threat via email: Police to work with MCMC, CSM
KUALA LUMPUR: Police will work with the Malaysian Communications and Multimedia Commission (MCMC) and CyberSecurity Malaysia (CSM) to track down the source of the email about a bomb threat at Bank Negara Malaysia (BNM), yesterday. Kuala Lumpur police chief Datuk Allaudeen Abdul Majid said the investigation into the threat was carried out after an investigation […]
BNM sign MoUs with Bank Indonesia, Bank Of Thailand to promote local currencies
KUALA LUMPUR: Bank Indonesia (BI), Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) have signed three bilateral memoranda of understanding (MoUs) on the Framework for Cooperation to Promote Bilateral Transactions in Local Currencies between the countries. The scope of the framework has been expanded to include more eligible cross-border transactions beyond trade and […]
BNM, SC beefing up Islamic banking, finance through MIFC
KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Securities Commission (SC) have been taking steps to ensure the sustainability and effectiveness of the Islamic finance system by raising the standards to not only halal, but also ‘halalan thoyyiban’ (lawful and good). Prime Minister Datuk Seri Anwar Ibrahim said BNM and the SC have charted the […]
Short-term rates set to remain stable on BNM operations next week
KUALA LUMPUR: Short-term rates are set to remain stable next week on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system. During the week just ended, the central bank intervened daily to reduce excess funds from the financial system by conducting conventional money market tender, reverse repo tenders, Qard tenders as […]
BNM Governor: Need to stay vigilant as core inflation remains elevated
BY KARINA IMRAN & SHARIFAH PIRDAUS SYED ALI KUALA LUMPUR: Malaysia must stay vigilant on inflation given that core inflation is still elevated at a higher-than-usual level, according to Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour. High inflation makes life difficult for the rakyat, especially the lower-income group, and can cause significant harm […]
Understanding Malaysia’s troubled ringgit path
The last duty of a central banker is to tell the public the truth – Alan Blinder, vice chairman of the US Federal Reserve from 1994 until 1996. JUST a couple of days ago, I attended a regular meeting in a stuffy room at the headquarters of a big bank near KL Sentral. We were […]
