Tag "Bank Negara Malaysia"
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BNM’s official reserve assets at US$103.61 bln as at end-December 2019
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) official reserve assets amounted to US$103.61 billion (US$1=RM4.08), while other foreign currency assets stood at US$415.1 million as at end December 2019. In a statement today, the central bank said for the next 12
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Bank Islam reduces rates by 25 basis points
KUALA LUMPUR: Bank Islam Malaysia Bhd will revise its Base Rate (BR) and Base Financing Rate (BFR) following Bank Negara Malaysia´s (BNM) decision to reduce the Overnight Policy Rates (OPR) by 25 basis points to 2.75% from three per cent.
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Lim: Power transition should be discussed internally
PUTRAJAYA: Discussions on the power transition for the prime minister’s post should be done internally, said DAP secretary-general Lim Guan Eng. “Having a public spat will only benefit our opponents. So, let us focus on governing and this issue will
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BNM cuts OPR to 2.75% as pre-emptive measure
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to reduce the Overnight Policy Rate (OPR) to 2.75% from 3.0% as a pre-emptive measure to secure improving growth trajectory amid price stability. It said downside risks remain
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Bank Negara: Malaysia’s reserves at US$103.17 bln as of Nov
KUALA LUMPUR: Malaysia’s reserves remained usable as of end-November 2019, with official reserve assets at US$103.17 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara Malaysia (BNM) said
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BNM to issue up to five digital bank licences
KUALA LUMPUR: Up to five licences may be issued to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business in Malaysia. Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing Framework for digital
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Malaysia’s banknotes are free from pig fat, say deputy minister
The country’s banknotes are free from any animal fat and do not contain any pig fat element, Deputy Finance Minister Datuk Amiruddin Hamzah said. “The RM1 and RM5 banknotes are made from a polymer as it is four times more
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Bank Negara: Malaysia´s reserves at US$103.22 bln end Oct
KUALA LUMPUR: Malaysia’s reserves remained usable as at end October 2019, with official reserve assets at US$103.22 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara said other
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Lim: Government may set up a housing loan bank
KUALA LUMPUR: The government is considering a proposal to set up a special bank to ease the process of loans application for affordable and low-cost housing, the Dewan Rakyat was told today. However, Finance Minister Lim Guan Eng said the
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Najib: National debt has shot up to RM804 bln. What say you, Lim?
PUCHONG: Former prime minister Datuk Seri Najib Tun Razak today slammed the Pakatan Harapan government for ballooning the national debt to exorbitant levels. In a Facebook post, the Pekan MP cited Bank Negara’s official figure today, which stated that the
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