PETALING JAYA: Kenanga Research foresees that Bank Negara has reached the end of its monetary tightening cycle and will keep the overnight policy rate (OPR) unchanged at 2.75% for the rest of the year. This is predicated on a further downtrend in headline and core inflation to below 3% and an expected global economic slowdown […]
Read MoreKUALA LUMPUR, March 30 ― If you’re someone who frequently travels to Singapore, you’re probably already familiar with having to bring with you either their local currency or arrange with your bank to allow foreign transactions on your credit or debit card. However, Bank Negara has since confirmed that cross-border DuitNow QR payment with Singapore […]
Read MoreTHE agreements signed by Malaysia and Singapore in January this year on the green and digital economies are the latest indication of the potential that these South-east Asian neighbours have – with their shared historical, geographic, economic, cultural and family ties – to collaborate in boosting prosperity both at home and across the region. While […]
Read MoreKUALA LUMPUR: The economy is projected to expand between 4% and 5% this year, mainly driven by firm domestic demand, says Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus. Nor Shamsiah said household spending will be an important catalyst for domestic demand and is projected to expand at a moderate pace of 6.1% this […]
Read MoreKUALA LUMPUR (March 29): Bank Negara Malaysia (BNM) has projected Malaysia’s headline and core inflation to average between 2.8% and 3.8% in 2023. In 2022, full-year headline inflation averaged 3.3%, while core inflation averaged 3%. “The continued strength in domestic demand and improvement in the labour market will keep core inflation elevated in the […]
Read MoreKUALA LUMPUR (March 29): Bank Negara Malaysia (BNM) generated a total income of RM8.52 billion in 2022, down 41.84% compared with RM14.65 billion in 2021, according to its annual report released on Wednesday (March 29). This came as operating income dropped 41.05% to RM8.3 billion from RM14.08 billion. Loans and advances income fell to RM43 […]
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