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BRICS financial bloc to hold meeting on October 11- Russian Ministry

BRICS financial bloc to hold meeting on October 11- Russian Ministry

The meeting will also focus on improving international monetary and financial system, global economic prospects, BRICS countries' economies.
Mon Oct 07 2024
Ringgit edges higher vs US dollar after BNM holds rate at 3 pct

Ringgit edges higher vs US dollar after BNM holds rate at 3 pct

BNM held the interest rate steady as the current monetary policy stance remains supportive of the economy.
Fri Sep 06 2024
Malaysia’s official reserve assets at US$114.66 bln as at end-July 2024 - BNM

Malaysia’s official reserve assets at US$114.66 bln as at end-July 2024 - BNM

The net short forward positions stood at US$29.29 bln as at end-July 2024, reflecting the management of ringgit liquidity in money market.
Fri Aug 30 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
The rise of smart contracts and strategies for mitigating cyber and legal risks

The rise of smart contracts and strategies for mitigating cyber and legal risks

Smart contracts - self-executing agreements embedded in blockchain - offer the promise of seamless execution without human intervention.
Sat Jul 27 2024
Bank Negara Malaysia keeps OPR unchanged at 3.00 pct

Bank Negara Malaysia keeps OPR unchanged at 3.00 pct

Bank Negara Malaysia said the global economy continues to expand amid resilient labour markets and continued recovery in global trade.
Thu Jul 11 2024
Bursa Malaysia starts firmer despite Wall Street's mixed performance

Bursa Malaysia starts firmer despite Wall Street's mixed performance

Investors focused on the US Federal Reserve's semi-annual testimony to assess the US economic growth and monetary policy paths.
Tue Jul 09 2024
BNM's international reserve rise to US$114.1 bln as at June 14, 2024

BNM's international reserve rise to US$114.1 bln as at June 14, 2024

Bank Negara Malaysia said the reserves position was sufficient to finance 5.5 months of imports of goods and service.
Mon Jun 24 2024
Ringgit easier vs US dollar amid expectations of tight US monetary policy

Ringgit easier vs US dollar amid expectations of tight US monetary policy

A chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to move in a narrow range today.
Mon May 13 2024
Singapore's central bank bans ex-Goldman banker Ng for life over 1MDB

Singapore's central bank bans ex-Goldman banker Ng for life over 1MDB

Roger Ng is permanently banned from performing any regulated activity under the Securities and Futures Act, said MAS.
Tue Sep 05 2023
[COLUMNIST] A simulated or guided peg - neither soft nor hard

[COLUMNIST] A simulated or guided peg - neither soft nor hard

Simulated pegging should be explored in a timely, targeted and temporary manner in tandem with further liberalisation of capital controls.
Fri Aug 04 2023
BNM to keep OPR at 3 pct until year-end - Research firms

BNM to keep OPR at 3 pct until year-end - Research firms

BNM kept the OPR at 3.00 pct at its July 5-6 Monetary Policy Committee meeting, after raising by 25 basis points at the May 2-3 meeting.
Fri Jul 07 2023
Bank Negara maintains Overnight Policy Rate at 3.00 pct

Bank Negara maintains Overnight Policy Rate at 3.00 pct

Global growth, however, remains weighed down by persistent core inflation and higher interest rates, BNM said.
Thu Jul 06 2023
Anwar confident new Bank Negara governor can continue sustainable monetary policy

Anwar confident new Bank Negara governor can continue sustainable monetary policy

The PM has placed his full faith in Datuk Shaik Abdul Rasheed Ghaffour to face the current challenges and create a new thrust for Malaysia.
Tue Jun 20 2023
Improvements to MM2H programme: Nearly RM1 billion collected

Improvements to MM2H programme: Nearly RM1 billion collected

The government's move to tighten the conditions for the MM2H increased the country's monetary value compared to the previous five years.
Wed Jun 07 2023
Immediate allocation of RM150 mln for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mln for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
Minimum wage to increase to RM1,700 effective Feb 1, 2025

Minimum wage to increase to RM1,700 effective Feb 1, 2025

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Fri Oct 18 2024
Bursa Malaysia ends higher on Budget 2025 optimism

Bursa Malaysia ends higher on Budget 2025 optimism

The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Fri Oct 18 2024
Five important aspects relating to people’s lives in Budget 2025 - PM

Five important aspects relating to people’s lives in Budget 2025 - PM

The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Fri Oct 18 2024
Economic outlook: Govt plans to leverage, expand existing city transit system

Economic outlook: Govt plans to leverage, expand existing city transit system

The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Fri Oct 18 2024
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy

Economic outlook: Budget 2025 to lay foundation for a digital-driven economy

The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Fri Oct 18 2024
Economic outlook: Corruption and lack of accountability hinder economic progress

Economic outlook: Corruption and lack of accountability hinder economic progress

Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
Fri Oct 18 2024
National Wages Consultative Council will be strengthened

National Wages Consultative Council will be strengthened

The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Fri Oct 18 2024
Economic outlook: Ensuring 11 years of compulsory education for all children

Economic outlook: Ensuring 11 years of compulsory education for all children

Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Fri Oct 18 2024