KUALA LUMPUR, March 4 — The ringgit opened higher against the US dollar and other major currencies on Monday, in anticipation of Bank Negara Malaysia's (BNM) decision on the overnight policy rate (OPR) on March 7.

KUALA LUMPUR, Dec 4 — Regional currencies including the ringgit are expected to do better against the US dollar in the coming year, backed by news and indicators that the US Federal Fund Rate is possibly close to a peak.

By Selangor Journal Team SHAH ALAM, Oct 12 — There is no issue of personal information being violated under the Selangor General Insurance Scheme (Insan), Bank Negara Malaysia (BNM) has confirmed following recent uproar over possible abuse of data.  Finance Minister Datuk Seri Anwar Ibrahim...

KUALA LUMPUR, Sept 19 — The Islamic financial sector needs to unlock impactful innovations for economic and sustainability transformation as well as double down on value-based finance to deliver more tangible impact, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, Sept 5 — Bank Negara Malaysia (BNM) will hold its key policy rate at 3 per cent on Thursday, adopting the same no-change stance as most of its Asian peers amid signs of moderating economic growth and cooling inflation, showed a Reuters poll of economists.

KUALA LUMPUR, Aug 29 — Bank Negara Malaysia (BNM) said yesterday banks incorporated in Malaysia face limited financial stability risk arising from exposure to China’s largest property developer, Country Garden.

KUALA LUMPUR, Aug 23 — BMI, a Fitch Solutions company, has revised downward its forecast for Malaysia’s real gross domestic product (GDP) growth to 4.0 per cent in 2023, from 4.2 per cent previously.

KUALA LUMPUR, Aug 21 — Moody's Analytics reckons that the 4 per cent growth forecast for Malaysia in 2023 is reasonable for countries in the region although this will be at the lower end of Bank Negara Malaysia’s estimated range.

KUALA LUMPUR, July 28 — Bank Negara Malaysia (BNM) will likely lower its current headline inflation forecast of 2.8 per cent to 3.8 per cent for 2023, given the faster-than-expected easing of prices, said BMI Industry Research (BMI), a Fitch Solutions company.

KUALA LUMPUR, July 11 — Police successfully stopped the transfer of over RM28 million to an overseas bank account after suspecting that it was associated with business email compromise (BEC) scams.

KUALA LUMPUR, June 6 — A sharp decline in the fiscal deficit rate will affect the country’s economy adversely, especially in terms of development projects related to education, healthcare and rural infrastructure, says Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, March 29 — Despite moderating in the fourth quarter (4Q) of 2022, headline inflation is expected to remain elevated in 2023, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, March 9 — Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) unchanged at 2.75 per cent will allow the economy to readjust to the 100 basis points (bps) rate hike made last year, said AmBank Economic Research.

KUALA LUMPUR, March 9 — The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 2.75 per cent at its meeting today.

KUALA LUMPUR, Feb 10 — The strong gross domestic product (GDP) growth of 8.7 per cent for 2022 shows the recovery of consumer, business and investor confidence in the national economy, said Prime Minister Datuk Seri Anwar Ibrahim who is also Finance Minister.

KUALA LUMPUR, Jan 25 — The monetary policy has to reflect the state of the economy and not be static while Bank Negara Malaysia’s (BNM) role must be seen as independent to allow some space to intervene when necessary, said an economist.

KUALA LUMPUR, Sept 8 — The 25 basis points (bps) hike in the overnight policy rate (OPR) announced by Bank Negara Malaysia (BNM) today to 2.50 per cent in its fifth Monetary Policy Committee (MPC) meeting of 2022 is widely expected amid continued improvements in the domestic economy.

KUALA LUMPUR, Sept 8 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.50 per cent at its fifth Monetary Policy Committee (MPC) meeting today.

KUALA LUMPUR, July 14 — It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide.

KUALA LUMPUR, July 5 — The ringgit is expected to fare better in the fourth quarter (Q4) of the year due to improving growth in China as well as in anticipation of a pause in the United States Federal Reserve’s rate hike and strong recovery of the Malaysian economy.