OPR hike

Bank Negara Malaysia's decision to raise the OPR will encourage the government to manage the national expenditure prudently, said Economy Minister Rafizi Ramli.

A total of 50.3 per cent or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100 basis point increase in the OPR.

The key thought is can we afford to have the OPR continue its upward climb.

Banks are revising their reference rates following Bank Negara's OPR increased to 2.75 pct from 2.50 pct announced today.

MIDF said the banking sector is often synonymous with high dividend yields, with several names offering yields above 4.0 per cent.

CGS-CIMB reiterated its "overweight" call on banks as key beneficiaries of the OPR hikes after BNM raised 25 basis points (bps) to 2.50 pct yesterday.

The Malaysian economy has been absorbing the impact of the OPR hike quite well, and "it is very clear that we are no longer in a crisis," said BNM governor Tan Sri Nor Shamsiah Mohd Yunus today.

Mohd Shahar said BNM's decision to increase the OPR was made when the economic indicators were showing positive signs.

This brings to the question of what was the intention of the OPR hike in the first place.

The Ringgit continued to weaken over the past week against the US Dollar as the portfolio outflows continued especially from the bond market.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.