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Banking Industry Prevents Over RM399 Mln In Attempted Fraudulent Transactions In 2024 -- BNM

KUALA LUMPUR, March 24 (Bernama) -- Enhanced security controls enabled the banking industry to avert over RM399 million in attempted fraudulent transactions in 2024, Bank Negara Malaysia (BNM) said.

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Macro Solvency Stress Test Reaffirms Banks’ Resilience In Face Of Severe Shocks

KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.

Bursa Malaysia Gives Up Early Gains Amid Weak Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, March 24 (Bernama) -- Bursa Malaysia opened higher, tracking Wall Street’s strong overnight performance, but retreated soon after due to a lack of fresh catalysts.

MATRADE Targets New Emerging Markets To Strengthen Economy, Trade

KEPALA BATAS, March 23 (Bernama) -- The Malaysia External Trade Development Corporation (MATRADE) aims to target new emerging markets this year to strengthen and enhance the country’s trade and economy.

Gold Is On Fire; Will The Price Hit US$5,000 By Year-end?

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 23 (Bernama) -- Gold price is on fire! The precious metal continues to defy expectations, repeatedly smashing record highs as investors seek refuge from global economic turbulence.

Ringgit Opens Higher After FOMC's Dovish Tone

KUALA LUMPUR, March 20 (Bernama) -- The ringgit opened higher against the US dollar after the US Federal Open Market Committee (FOMC) struck a dovish tone on inflation.  

Ringgit Opens Higher Ahead Of US Interest Rate Decision

KUALA LUMPUR, March 19 (Bernama) -- The ringgit opened higher against the US dollar ahead of the US Federal Open Market Committee’s (FOMC) decision on interest rates later tonight.

Gold Futures Close Higher After Two Days Of Losses

By Danni Haizal Danial Donald

KUALA LUMPUR, March 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher on Wednesday as the commodity holds steady despite the Ukraine ceasefire and rising United States (US) yields, which could have sparked a deeper selloff, said an analyst.

Ringgit Closes Lower Against US Dollar Ahead Of US Inflation Data

By Danni Haizal Danial Donald

KUALA LUMPUR, March 12 (Bernama) -- The ringgit closed lower against the US dollar on Wednesday on caution ahead of US inflation data later tonight and as the global trade war escalated.

Oil Palm Plantation Firms Urged To Draw Up Replanting Plan To Sustain Productivity

KUALA LUMPUR, 12 Mac (Bernama) -- The Ministry of Plantation and Commodities (KPK) is urging oil palm plantation owners and companies to plan for replanting in order to sustain productivity with mature trees that provide optimal fresh fruit bunches (FFB) yields.

Bursa Malaysia Remains Lower At Midday Amid US Recession Concerns

By Siti Noor Afera Abu

KUALA LUMPUR, March 12 (Bernama) -- Bursa Malaysia stayed lower at midday on selling pressure in selected financial services and plantation stocks, as United States (US) equities continued to face volatility due to fresh recessionary concerns.