KUALA LUMPUR, Sept 19 — The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States (US) Federal Reserve (US Fed) kept to its words and delivered a 50-basis points interest rate cut last night.

KUALA LUMPUR, Sept 19 — Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have launched a cross-border quick response (QR) payment linkage between Cambodia and Malaysia.

KUALA LUMPUR, Sept 19 — Bank Negara Malaysia (BNM) is expected to hold the overnight policy rate (OPR) at 3.00 per cent despite another possible 50 basis points (bps) rate cut by the United States Federal Reserve (US Fed) this year, said Rakuten Trade Sdn Bhd’s head of research Kenny Yee.

KUALA LUMPUR, Sept 18 — The ringgit has been on an uptrend against the US dollar today, moving to its highest close since February 2, 2023, at the close of trading today.

JOHOR BAHRU, Sept 17 — Former Bank Negara Malaysia governor Tan Sri Ahmad Mohd Don passed away at his family residence in Jalan Tengah, Stulang Bahru earlier today, aged 77.

KUALA LUMPUR, Sept 14 — The ringgit is expected to continue its uptrend next week, trading at 4.28 to 4.29 against the US dollar, ahead of the United States (US) Federal Open Market Committee (FOMC) meeting from Tuesday (September 17) to Wednesday (September 18).

KUALA LUMPUR, Sept 6 — Malaysia’s international reserves rose to US$116.8 billion as of August 30, 2024, from US$114.7 billion in July 31, 2024.

KUALA LUMPUR, Sept 6 — The ringgit opened slightly higher against the US dollar on Friday after Bank Negara Malaysia (BNM) maintained the overnight policy rate (OPR) at 3.00 per cent, reflecting confidence in Malaysia’s economic growth prospects, said an analyst.

KUALA LUMPUR, Sept 5 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the overnight policy rate (OPR) at 3.00 per cent at its meeting today.

KUALA LUMPUR, Sept 5 — The ringgit opened firmer against the greenback on Thursday as the latest US jobs data pointed to slowing labour demand, suggesting the American economy is cooling and further strengthening expectations for an interest rate cut.

KUALA LUMPUR, Aug 31 — The ringgit is expected to trade higher against the US dollar next week on a sustained demand for the local currency.

KUALA LUMPUR, Aug 22 — Bank Negara Malaysia’s (BNM) international reserves rose to US$115.9 billion as of August 15, from US$114.7 billion as of July 31.

KUALA LUMPUR, Aug 20 — The National Fraud Portal (NFP) that was launched today is being improved to enable the use of artificial intelligence (AI) to detect suspicious transactions via predictive analysis.

KUALA LUMPUR, Aug 16 — The Malaysian economy’s robust expansion at 5.9 per cent in the second quarter of 2024 (2Q 2024) has driven the ringgit to close higher against the US dollar today.

KUALA LUMPUR, Aug 16 — Malaysia is well positioned to navigate external uncertainties, buoyed by a strong 5.9 per cent gross domestic product (GDP) growth in the second quarter of 2024 (2Q 2024), surpassing the earlier forecast of 5.8 per cent.

KUALA LUMPUR, Aug 16 — The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — The impact of the recently implemented diesel subsidy rationalisation remains manageable given the government mitigation measures despite the slight rise in inflation prints, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 16 — Malaysia’s economy saw a robust expansion of 5.9 per cent in the second quarter of 2024 (2Q 2024) exceeding earlier prediction of 5.8 per cent, bolstered by resilient household spending, vigorous investment activities, and a significant boost in tourism arrivals.

KUALA LUMPUR, Aug 14 — Bank Negara Malaysia (BNM) has imposed an Administrative Monetary Penalty (AMP) of RM4.32 million on Malayan Banking Bhd and Maybank Islamic Bhd, and RM760,000 on CIMB Bank Bhd and CIMB Islamic Bank Bhd due to prolonged disruptions in several banking services.

KUALA LUMPUR, July 31 — Outstanding business loans grew at a stronger rate of 5.6 per cent in June 2024 compared to 4.8 per cent in May, supported by both working capital and investment-related loans.