KUALA LUMPUR: Bank Negara Malaysia (BNM) has reaffirmed its commitment to ensure sufficient ringgit liquidity in the onshore market.
In a Financial Markets Committee meeting minutes released yesterday, the central bank said its recent measures, particularly the reverse repo operations, Statutory Reserve...
KUALA LUMPUR: To win a digital banking licence, applicants must convince Bank Negara Malaysia (BNM) that they have a winning strategy, including the right business model and technology, said Ernst & Young Advisory Services Sdn Bhd (EY).
Financial inclusion, innovative technology and capital strength...
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to contract by 0.1 per cent to 4.6 per cent this year amid negative impact brought by Covid-19, according to the World Bank.
Its senior economist, finance, competitiveness, and innovation global practice, Smita Kuriakose, said...
KUALA LUMPUR: Malaysia’s
reserves remained usable as at end-Feb 2020, with official reserve assets at $103.396
billion, in accordance with the International Monetary Fund’s Special Data
Dissemination Standard (IMF SDDS) format.
statement today, Bank Negara Malaysia (BNM) said other foreign
currency assets amounted to $33.8 million.
CM mulls digital banking if state can obtain licence
Minister Datuk Patinggi Abang Johari Tun Openg has expressed interest in
setting up digital banking in Sarawak.
said a licence has to be obtained first.
have our own e-wallet...
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...
The government is considering a proposal to set up a special bank to ease the
process of loans application for affordable and low-cost housing, the Dewan
Rakyat was told today.
Finance Minister Lim Guan Eng said the proposal would have to...