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BNM, BI and BOT adopt harmonised local currency transaction framework guidelines

BNM, BI and BOT adopt harmonised local currency transaction framework guidelines

The guidelines enhance consistency, scalability and efficiency in facilitating local currency transactions across the three countries.
Mon Feb 17 2025
Malaysia's official reserve assets at US$116.22 bil as at end-December 2024 - BNM

Malaysia's official reserve assets at US$116.22 bil as at end-December 2024 - BNM

According to Bank Negara Malaysia, projected foreign currency inflows amount to US$2.49 billion in the next 12 months.
Fri Jan 31 2025
Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

Trump warns BRICS member countries from replacing the US dollar as a reserve currency by repeating a 100%-tariffs threat.
Fri Jan 31 2025
Malaysia central bank to hold key rate at 3.0% through end-2025

Malaysia central bank to hold key rate at 3.0% through end-2025

BNM's outlook aligns with poll results, which suggest it will avoid easing this year to prevent the currency from weakening further.
Mon Jan 20 2025
Ringgit opens firmer despite safe-haven demand

Ringgit opens firmer despite safe-haven demand

The ringgit opened higher against the US dollar this morning, despite rising demand for the safe-haven currency.
Tue Dec 31 2024
Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024
Malaysia's removal from US Treasury monitoring list indicates balanced, transparent policies - Economist

Malaysia's removal from US Treasury monitoring list indicates balanced, transparent policies - Economist

The list comprises major US trading partners whose currency practices and macroeconomic policies merit close attention.
Fri Nov 15 2024
Ringgit extends positive momentum to open higher against US dollar

Ringgit extends positive momentum to open higher against US dollar

The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.
Mon Oct 21 2024
Ringgit strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

Ringgit strengthens 14.4 pct vs USD in 3Q 2024; One of the best performing currencies globally

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.
Wed Oct 09 2024
Malaysia's official reserve assets at US$116.77bil as at end-August 2024 - BNM

Malaysia's official reserve assets at US$116.77bil as at end-August 2024 - BNM

According to Bank Negara Malaysia, projected foreign currency inflows amount to US$2.58 billion in the next 12 months.
Mon Sep 30 2024
[COLUMNIST] BRICS' currency dilemma: A necessary quality leap beyond the dollar

[COLUMNIST] BRICS' currency dilemma: A necessary quality leap beyond the dollar

It is important to note that earlier MCC-based systems were often undermined by those in control of existing international banking system.
Mon Sep 16 2024
Malaysia emerges as a bright spot in ASEAN

Malaysia emerges as a bright spot in ASEAN

Nga Kor Ming said economic growth, political stability and a stronger currency have attracted investors to Malaysia.
Fri Aug 23 2024
Malaysia's official reserve assets at US$113.82 bln as at end-June 2024 - BNM

Malaysia's official reserve assets at US$113.82 bln as at end-June 2024 - BNM

BNM said for the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities, and deposits.
Wed Jul 31 2024
Ringgit sustains positive momentum versus US dollar ahead of US rate decision

Ringgit sustains positive momentum versus US dollar ahead of US rate decision

A boost in global market sentiment and strong domestic economic prospects have bolstered the local currency.
Wed Jul 31 2024
North Korea laundered $147.5 million in stolen crypto in March, say UN experts

North Korea laundered $147.5 million in stolen crypto in March, say UN experts

North Korea laundered the money via virtual currency platform Tornado Cash after stealing it last year from a cryptocurrency exchange.
Wed May 15 2024
China promises Latin America 'trustworthy' ties as Trump lays out demands

China promises Latin America 'trustworthy' ties as Trump lays out demands

Beijing looks to improve its foothold in a region historically under the US sphere of influence.
Thu Feb 20 2025
Major risks loom as Trump upends US Russia policy

Major risks loom as Trump upends US Russia policy

Washington's approach changes dramatically with the initial meeting between US and Russian negotiators.
Thu Feb 20 2025
Pope Francis has double pneumonia, complicating his treatment, Vatican says

Pope Francis has double pneumonia, complicating his treatment, Vatican says

Doctors say a polymicrobial infection occurs when two or more micro-organisms are involved and can be caused by bacteria, viruses, or fungi.
Thu Feb 20 2025
Philippines' VP Duterte challenges impeachment before Supreme Court

Philippines' VP Duterte challenges impeachment before Supreme Court

Sara Duterte makes her first legal move to fight the case that could lead to her removal and lead to a lifetime ban from public office.
Wed Feb 19 2025
Motor racing - Hamilton steps out in red at unprecedented 10 team F1 launch

Motor racing - Hamilton steps out in red at unprecedented 10 team F1 launch

I feel so full of life, so much energy, because everything's new and I'm just focused on what is up ahead, Hamilton says.
Wed Feb 19 2025
UAE tells US' Rubio it rejects displacement of Palestinians

UAE tells US' Rubio it rejects displacement of Palestinians

The UAE's stance matters as its one of four Arab nations that normalised ties with Israel during Trumps first term.
Wed Feb 19 2025
Taylor Swift wins recording artist of the year crown for fifth time

Taylor Swift wins recording artist of the year crown for fifth time

The megastar's "The Tortured Poets Department" record also topped four IFPI charts, the IFPI says.
Wed Feb 19 2025
More than $50 billion needed to rebuild Gaza, World Bank joint assessment says

More than $50 billion needed to rebuild Gaza, World Bank joint assessment says

Years of rebuilding work, including clearing unexploded ordinance and millions of tonnes of rubble lie ahead.
Wed Feb 19 2025
Malaysia’s AI data centre development to be impacted by recent US restrictions - Liew

Malaysia’s AI data centre development to be impacted by recent US restrictions - Liew

Liew Chin Tong says the restrictions would not affect the development of the domestic data centre ecosystem as a whole.
Wed Feb 19 2025
Sweden's top court rejects Greta Thunberg lawsuit on climate action

Sweden's top court rejects Greta Thunberg lawsuit on climate action

A court cannot decide that the parliament or the government must take any specific action, the Supreme Court says.
Wed Feb 19 2025