KUALA LUMPUR, Nov 13 (Bernama) -- The Malaysian banking sector has been proactive in addressing the effects of Covid-19.

KUALA LUMPUR, Nov 13 — Malaysia's economy shrank by less than expected in the third quarter from a year earlier as consumers increased spending and businesses resumed activity after the government eased some Covid-19 curbs, the central bank said on Friday.

KUALA LUMPUR, Nov 13 — The country's growth trajectory for 2021 remains on track amid positive indicators in the economy despite a resurgence of the virus and containment measures, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said.

KUALA LUMPUR, Nov 6 — The allocation for Budget 2021 is projected to be worth RM330 billion, 10 per cent higher than the RM297 billion Budget 2020.

KUALA LUMPUR, Oct 22 — Bank Negara Malaysia's (BNM) international reserves was slightly up at US$105.2 billion (RM436billion)( as at October 15, 2020 compared with US$105.0 billion (RM435.2billion) as at September 30, 2020.

KUALA LUMPUR, Oct 13 — The next two weeks will be crunch time for Malaysia as it implements the conditional movement control order (CMCO) in Kuala Lumpur, Selangor, Putrajaya and Sabah, OCBC Bank said.

KUALA LUMPUR, Oct 13 — CGS-CIMB Research foresees that Bank Negara Malaysia may cut the overnight policy rate (OPR) by another 25 basis points next month — going against its initial forecast of an extended pause in OPR cuts.

KUALA LUMPUR, Sept 30 — The banking industry has received about 500,000 applications for repayment assistance and approved 98 per cent of them, Bank Negara Malaysia (BNM) said.

KUALA LUMPUR, Sept 4 — Bank Negara Malaysia's (BNM) international reserves amounted to US$104.4 billion (RM433.2 billion) as at August 28, 2020, slightly higher compared with US$104.3 billion (RM432.8 billion) as at August 14, 2020.

KUALA LUMPUR, July 29 — Individual and Small and Medium Enterprise (SME) borrowers and businesses can apply directly to their respective banks beginning from Aug 7, 2020 to obtain the flexibilities that were announced today, says Bank Negara Malaysia (BNM).

KUALA LUMPUR, July 3 — Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic.

KUALA LUMPUR, June 30 — Malaysia’s international reserves remained usable as at end-May 2020, with official reserve assets at RM440.78 billion (US$102.95 billion), in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

KUALA LUMPUR, June 12 — Bank Negara Malaysia (BNM) has announced that the Finance Ministry has approved the appointment of Marzunisham Omar as deputy governor for a three-year term effective June 15, 2020.

KUALA LUMPUR, May 29 — Malaysia’s reserves remained usable as at end-April 2020, with official reserve assets at US$102.484 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.

KUALA LUMPUR, May 27 — While digital banks are disruptors relative to traditional banks and will intensify competition, their impact will be limited in the next three years, given the regulatory restrictions on their asset size, that is, not more than RM2 billion, said RAM Rating Sdn Bhd (RAM Ratings).

KUALA LUMPUR, May 18 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

KUALA LUMPUR, May 14 — The ringgit gave up yesterday's gains to open slightly lower against the US dollar this morning due to stronger greenback.

KUALA LUMPUR, May 13 — Malaysia's economic activity is expected to gradually improve in the second half of the year (2H 2020) after Covid-19 containment measures are eased and the domestic movement control order (MCO) is lifted, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, May 13 — Malaysia's economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross domestic product growth was affected by the Covid-19 pandemic and the implementation of the movement control order (MCO).

KUALA LUMPUR, May 13 — The ringgit reversed yesterday's gains to open easier against the US dollar this morning ahead of the country's first-quarter gross domestic product results announcement.