Sunday, July 18, 2021

BNM

BNM reaffirms commitment to ensure sufficient onshore market

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...

Winning strategy to secure BNM’s digital banking licence

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...

World Bank expects Covid-19 to have impact on Malaysian GDP

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...

Malaysia’s reserves at $103.396 bln as at end-Feb 2020

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. In a statement today, Bank Negara Malaysia (BNM) said other foreign currency assets amounted to $33.8 million. "For the next...

Next DIGITAL BANK for Sarawak

CM mulls digital banking if state can obtain licence KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg has expressed interest in setting up digital banking in Sarawak. However, he said a licence has to be obtained first. “We already have our own e-wallet...

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...

Government mulls proposal to set up housing loan bank

KUALA LUMPUR: 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. However, Finance Minister Lim Guan Eng said the proposal would have to...
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Latest News

Floating and on-ground chalets near lake

KUCHING: A total of eight chalets are expected to be launched at Tasik Biru Resort City by the end...
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