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Malaysia: BNM to name and shame non-compliant financial bodies by Jan 2018

KUALA LUMPUR: Bank Negara Malaysia (BNM) will publish enforcement actions taken against financial institutions and intermediaries for non-compliance with rules and regulations.  BNM Governor Tan Sri Muhammad Ibrahim said on Wednesday the actions would be published effective January 2018 to further increase the impact of enforcement actions as a credible deterrent.   He said BNM […]

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Malaysia: Ringgit depreciates against US$

KUALA LUMPUR: The ringgit fell against the US dollar early Monday on lack of interest for the local currency as sentiment turned positive for the greenback a dealer said. At 9 am(0100gmt), the local traded at 4.2280/2310 against the greenback from 4.2190/2220 recorded at 6 pm on Friday. FXTM Reserach Analyst Lukman Otunuga said comments […]

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Cross-border power deal inked by 3 Asean states

The Association of Southeast Asian Nation’s (Asean) plans to forge closer energy ties have taken a major step forward after Malaysia, Thailand and Laos sealed a cross-border trading arrangement. The Energy Purchase Wheeling Agreement (EWPA), described as the region’s first multilateral power grid deal, allows Malaysia to purchase up to 100 megawatts of electricity from Laos […]

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