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Short-term rates to remain stable on BNM’s operations
KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity is estimated at RM39.76 billion in the conventional system and RM21.83 billion in Islamic funds. The
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Ringgit opens lower against US dollar
KUALA LUMPUR: The ringgit continued to depreciate against the US dollar at the opening on Thursday, with investors waiting on the sidelines ahead of the Budget 2022 tabling tomorrow, said a dealer. At 9.05 am, the local currency eased to 4.1540/1570
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Short-term rates to remain stable on BNM’s operations
KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity is estimated at RM42.74 billion in the conventional system and RM25.52 billion in Islamic funds. The
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Short-term rates to remain stable on BNM’s operations
KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity is estimated at RM37.04 billion in the conventional system and RM27.49 billion in Islamic funds.The central
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Labuan LFSA compels industry players to comply with global AML/ CFT standards
LABUAN: The Labuan Financial Services Authority (Labuan FSA) has compelled financial industry players to comply with the global Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards. It has issued guidelines applicable to the Labuan reporting institutions to ensure that transactions carried
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Strong commodities performance boosts Ringgit
KUALA LUMPUR: The ringgit opened higher on Thursday, buoyed by the positive sentiment following the strong commodities performance. Brent crude oil is currently trading at US$86 per barrel, while crude palm oil closed at an all-time high on Wednesday with the
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Malaysia’s trade mission to France generates RM2.6bln potential investment
KUALA LUMPUR: The latest trade and investment mission to France has successfully generated a total potential investment of RM2.6 billion and RM300 million worth of potential exports, according to the Ministry of International Trade and Industry (MITI). This validates the
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MPN to take pertinent measures to strengthen health, economic system
KUALA LUMPUR: The National Recovery Council (MPN), as the joint administrator of agencies under the Finance Ministry and the Economic Stimulus Implementation and Coordination Unit Between National Agencies (Laksana), will take appropriate measures to strengthen resilience of the country’s health
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MITI asks businesses get ready for great reset to prepare for new normal
KUALA LUMPUR: The Ministry of International Trade and Industry (MITI) has called for a great reset for businesses to quickly redeploy talent, launch new business models, enhance productivity, and develop more medium and long-term strategies to prepare the semiconductor industry for
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VP Harris and Indian Prime Minister Modi meet as U.S. eyes Asia
WASHINGTON: U.S. Vice President Kamala Harris met India’s Prime Minister Narendra Modi on Thursday and stressed the importance of a free and open Indo-Pacific region at a time when the United States is trying to solidify its pivot toward Asia
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