Shamsiah Mohd Yunus

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.

Abdul Rasheed Ghaffour takes over from Nor Shamsiah Mohd Yunus, who has served as governor since 2018.

Tan Sri Nor Shamsiah Mohd Yunus said the growth in 2023 will continue to be supported by further expansion of household spending and continued investment activity.

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus said the growth would be anchored by firm domestic demand amid a challenging global environment.

Nor Shamsiah said the banking sector maintains healthy levels of capital and liquidity buffers.

Nor Shamsiah said Malaysia is unlikely to go into a recession this year as sustained domestic demand and spending are set to continue anchoring growth.

Tan Sri Nor Shamsiah Mohd Yunus, whose contract expires this year, is silent about being reappointed as Bank Negara Malaysia (BNM) governor.

Nor Shamsiah today stressed that any decision on the OPR would not be solely in tandem with other central banks but rather more focused on the domestic economic environment.

Gross domestic product for all of 2022 had been 8.7% higher than in 2021.

Nor Shamsiah said year-to-date, the ringgit has depreciated by 11.2 per cent against the greenback, in line with regional trends.

Nor Shamsiah said Malaysia has started to see signs of demand-driven inflation amid a high deposit environment.

Nor Shamsiah said VBI has become more entrenched in the corporate value intent and business strategies of Islamic financial institutions.

The Malaysian economy is not in a crisis and its growth trajectory remains positive, but the country needs to reform to become an innovation-based economy.

The governor said Malaysia has a strong external position with more foreign currency assets than foreign currency liabilities.

BNM today announced five additional security measures to be taken by financial institutions in a bid to strengthen safeguards against financial scams, especially online ones.

The boat, the Sea Story, capsized on Monday near the Sataya Reef while carrying 31 tourists and 13 crew on a multi-day diving trip.

UTP has proudly unveiled Malaysia's first multidisciplinary engineering programme.

The US "will make another push, with Turkey, Egypt, Qatar, Israel and others, to achieve a ceasefire in Gaza," says Joe Biden.

Flooding is expected near Sungai Semerak, Pasir Puteh, affecting low-lying villages within 5km of the river, according to PRABN.

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The Taliban-led foreign ministry denies having arrested that number of journalists and added that those arrested had committed a crime.

Many users continue to be tricked and scammed even though police have repeatedly issued warnings about scams proliferating on social media.

Deputy Minister of Education says, those identified with severe emotional issues undergo screening twice a year.

Israel will gradually withdraw its forces over 60 days as Lebanon's army takes control of territory near its border with Israel to ensure that Hezbollah does not rebuild its infrastructure there.

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.