Next two weeks crucial for Malaysia

KUALA LUMPUR: The next two weeks will be crunch time for Malaysia as it implements the conditional movement control order (CMCO) in Kuala Lumpur, Selangor, Putrajaya and Sabah, OCBC Bank said. In a research note today, it said the CMCO is enforced in the respective states from Oct 14-27 (Oct 13-26 in Sabah) to flatten […]

Banks to reduce base rate by 0.5%

KUCHING: Public Bank will reduce its base rate and base lending rate/base financing rate by 0.5 percent effective May 12. This is in line with Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) being cut by 50 basis points (bps) from 2.5 percent to two percent on May 5. At the same time, Public Bank’s […]

Standard Chartered expects another OPR cut

KUALA LUMPUR: Standard Chartered Bank expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by 50 basis points (bps) to two per cent on May 5 and to continue to ease by a further 25 bps in July. In a research note today, it said this would take the policy rate to 1.75 […]