Core inflation is projected at upper range
KUALA LUMPUR: Core inflation is projected to be closer to the upper end of the 2.0 to 3.0 per cent range in 2022, as demand continues to improve amid the high-cost environment, said Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus. She said upside risks to the inflation outlook would be subjected […]
6th Royal Award for Islamic Finance to be conferred on Oct 4
KUALA LUMPUR: The sixth Royal Award for Islamic Finance will be conferred on Oct 4, 2022, in Kuala Lumpur. This is to recognise visionary individuals with outstanding achievements and innovative ideas that contribute significantly to the growth of Islamic finance, the global economy, and the social progress of communities around the world. In a statement, […]
Malaysia’s reserve assets at US$109 bln
KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$109.02 billion (US$1=RM4.45) as at end-June 2022, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement on Friday, Bank Negara Malaysia (BNM) said other foreign currency assets stood at US$5.9 million. The central bank said the detailed breakdown of […]
Efficient cross-border payment is critical
KUALA LUMPUR: It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide. Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said the central bank is now pursuing […]
An open letter to BNM on financial frauds
KUCHING: Sarawak United People’s Party (SUPP) Public Complaint Bureau has questioned the Bank Negara Malaysia (BNM) on the action taken against banks that do not follow the central bank’s standard operating procedures (SOP) and guidelines. Its bureau chief Milton Foo in an open letter to the BNM today, has also raised his concern on the […]
Malaysia record 5 pct GDP growth
KUALA LUMPUR: Malaysia’s economy has rebounded in the first quarter of 2022 (Q1 2022), registering a five per cent growth versus a contraction of 0.5 per cent in Q1 2021. The positive economic performance was underpinned by improving domestic demand as economic activities continued to normalise with the easing of containment measures. The country’s gross […]
BNM stresses the need to recalibrate monetary policy
KUALA LUMPUR: Bank Negara Malaysia yesterday stressed the importance of recalibrating the monetary policy to avoid the need to be aggressive in raising interest rates, said governor Tan Sri Nor Shamsiah Mohd Yunus yesterday. However, she said the pace would be measured and gradual, after the central bank raised the Overnight Policy Rate (OPR) by […]
Assessment for digital banks in line with law, no plans to issue more licences
By Sharifah Pirdaus Syed Ali KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus, in an exclusive interview with Bernama, shares more details on the assessment and selection of the five consortia for digital bank licences. Bernama: Why is BNM opening the doors to digital banks? Given that incumbent banks have […]
Bank Negara holds OPR at 1.75 pct
KUALA LUMPUR: Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its second Monetary Policy Committee (MPC) meeting of the year. In a statement today, the central bank said the overall recovery trajectory remains on track despite the recent moderation in economic activity due to the Omicron-driven COVID-19 […]
Ringgit likely to trend higher against US dollar
KUALA LUMPUR: The ringgit is likely to trend higher next week in the range of RM4.16 to RM4.17, with the market adopting a cautious stance prior to Bank Negara Malaysia’s (BNM) economic assessment on Thursday. Bank Islam Bhd chief economist Mohd Afzanizam Abdul Rashid said all eyes would be on BNM’s Monetary Policy Committee meeting […]
