Tag "Bank Negara Malaysia"
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Dr Mahathir launches PPP initiative to combat financial crimes
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad today launched the Public-Private Partnership (PPP) initiative, a collaboration and cooperative initiative between Bank Negara Malaysia (BNM) to better combat financial crimes. Speaking at the Financial Crime and Terrorism Financing Conference, he
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Establish a national housing corporation on affordable housing
KUALA LUMPUR: The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has recommended that the government establish a national housing corporation on affordable housing. The corporation’s job is to plan, coordinate and
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BNM’s international reserves rise to US$103.3 bln
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves increased to US$103.3 billion as at Oct 15, 2019 from US$103.0 billion as at Sept 30, 2019. In a statement today, the central bank said the reserves position is sufficient to finance
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Budget 2020: We need better fiscal policy, says ex-BNM deputy governor
With more than a week to go before the tabling of Budget 2020, former Bank Negara Malaysia (BNM) deputy governor Tan Sri Lin See Yan said that Malaysia needs a fiscal policy to generate growth for the economy. The country,
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New housing scheme only fattens developers, not helping buyers
PUCHONG: Parti Sosialis Malaysia (PSM) today slammed Bank Negara for not addressing the fundamental issue revolving around the lack of home ownership among Malaysians. In a statement today, PSM secretary general A Sivarajan said that the main reason why many
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Malaysia can achieve higher growth with structural reforms
KUALA LUMPUR: Malaysia with its abundant natural resources and inherent economic strength is capable of achieving higher growth rate than now with more structural reforms, Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus said. “The global economy is
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Lim: Housing installments for affordable homes down by 20%
PUTRAJAYA: The monthly installment payment for borrowers under the Affordable Housing Fund is expected to be reduced by 20%. This follows an announcement by Finance Minister Lim Guan Eng yesterday that effective Sept 1, Bank Negara’s RM1 billion Affordable Housing
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Bank Negara: Malaysia’s external debt remains manageable
KUALA LUMPUR: Malaysia’s external debt, which stood at RM931.1 billion or 61.3% of Gross Domestic Product (GDP) as at end-June this year, remains manageable. Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said the debt remained manageable given its
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35 bank account frozen, cash and properties worth RM4 million seized
KUALA LUMPUR: A total of 35 bank accounts were frozen in addition to RM4 million cash and properties seized in raids on a network of illegal money services business (MSB) operators around the Klang Valley and Penang. Bank Negara in
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Najib trial: I was asked to leave AmBank, says former banker
KUALA LUMPUR: The former banker who handled Datuk Seri Najib Tun Razak’s AmBank accounts told the High Court here today that she was asked to leave the bank in 2015, believed due to her involvement with the former prime minister’s
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