‘Let BSN banks open till 6pm’
MIRI: The federal government should allow Bank Simpanan Nasional (BSN) branches throughout the state and the country to extend their operational hours from 10am to 6pm instead of from 10am to 3pm. In stating this, Tourism, Arts and Culture Assistant Minister and Piasau assemblyman Datuk Sebastian Ting Chiew Yew suggested that Sarawak Disaster Management Committee […]
BNM’s international reserves at $ 101.7bln
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to $101.7 billion ($1 = RM4.34) as at March 31, 2020. “The reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times total short-term external debt,” the central bank said in a statement here today. The international reserves stood at $103 […]
RM3.3 bln fund, banks’ preparedness will help alleviate SMEs’ financial burden
KUALA LUMPUR: As the Covid-19 outbreak widens with Malaysia entering the second wave of spread, the banks’ preparedness along with measures undertaken by Bank Negara Malaysia (BNM) are a shot in the arm for the Small and Medium Enterprises (SMEs) during this difficult time. “As the backbone of the nation’s economy, the SME sector deserves all the help it […]
Persistent economic headwinds major concerns in 1H2020
KUALA LUMPUR: Persistent economic headwinds, internal and external, will likely continue to be major concerns for Malaysia in the first half of this year, affecting consumer sentiment and business confidence. In a note, AllianceDBS Research said these economic headwinds include the Covid-19 outbreak and the recent political turmoil in the country. “Given the myriad of economic challenges arising from internal and […]
RM20 billion economic stimulus package
PUTRAJAYA: Interim Prime Minister Tun Dr Mahathir Mohamad today announced RM20 billion Economic Stimulus Package to ensure risks to the economy due to Covid-19 can be addressed effectively. He said three strategies were outlined under the package, namely addressing the impact of the disease, catalysing people-based growth, and encouraging quality investment. Several plans have also been lined […]
Ringgit versus US$ at 4.04 by end-2020
KUALA LUMPUR: OCBC Bank expects Malaysia’s gross domestic product (GDP) to grow between 4.2 percent and 4.4 percent this year, and the ringgit to improve to RM4.04 against the US dollar by end-2020. Chief economist Selena Ling said the anticipated GDP growth, which is slower than the 4.8 percent projected by the government, would be […]
