BNM International Reserves Slip To Us$118.1 Bln As At Dec 13, 2024

KUALA LUMPUR, Dec 20 (Bernama) -- Malaysia's international reserves stood at US$118.1 billion (US$1=RM4.50) as at Dec 13, 2024, compared to US$118.3 billion on Nov 30, 2024.

BNM Urged To Cap Health Insurance, Takaful Premium Hike At 10 Pct Amid Rising Health Inflation

KUALA LUMPUR, Dec 19 (Bernama) -- Bank Negara Malaysia (BNM) has been urged to limit the increase in health insurance and takaful premiums to no more than 10 per cent as an interim measure, in line with the country’s health inflation rate.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

Financial Institutions Block RM302 Mln In Fraudulent, Suspicious Transactions Since Sept 2024 - Lim

KUALA LUMPUR, Dec 19 (Bernama) -- Financial institutions in the country have successfully blocked a total of RM302 million in fraudulent and suspicious transactions as of September 2024, said Deputy Finance Minister Lim Hui Ying. 

MOF: Low Instances Of Using Cryptocurrency In Money Laundering

KUALA LUMPUR, Dec 18 (Bernama) -- The Ministry of Finance (MoF) has found that instances of using cryptocurrency as a medium for money laundering in Malaysia are low.

NAMLIFA Urges BNM, MOF To Order Temporary Halt In Medical Premium Repricing

KUALA LUMPUR, Dec 6 (Bernama) -- The National Association of Malaysian Life Insurance and Financial Advisors (NAMLIFA) has strongly urged Bank Negara Malaysia (BNM) and the Ministry of Finance (MoF) to order a temporary halt in the medical premium repricing exercises.

BNM's International Reserves Rise To US$118.3 Bln As At Nov 29, 2024

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia's international reserves stood at US$118.3 billion (US$1=RM4.41) as at Nov 29, 2024, compared to US$118.0 billion on Nov 15, 2024. 

BNM Refining RBI Proposal For LCSF, To Enhance Use Of Rupee And Ringgit In Trade

KUALA LUMPUR, Dec 5 (Bernama) -- Bank Negara Malaysia (BNM) is currently fine-tuning a proposal from the Reserve Bank of India (RBI) to develop a Local Currency Settlement Framework (LCSF) to enhance the use of the Malaysian ringgit and Indian rupee in bilateral trade, said the Ministry of Investment, Trade and Industry (MITI).

BNM Issues Three Commemorative Coin Designs For Sale Until Dec 9

KUALA LUMPUR, Dec 3 (Bernama) -- Bank Negara Malaysia (BNM) has issued three different commemorative coin designs in conjunction with the 150th anniversary of the Public Works Department (JKR), 50th anniversary of the Rubber Industry Smallholders Development Authority (RISDA), and the 50th anniversary of Malaysia-China Diplomatic Relations (MCDR).

Malaysian Banks To Record Higher Profits In 2025 -- Economist

KUALA LUMPUR, Dec 3 (Bernama) -- Malaysia’s banking sector is projected to continue recording higher profits in 2025, supported by steady loan growth, a stable interest rate environment, and non-interest income, said an economist. 

Short-Term Interbank Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 2 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

OFS-SIDREC Merger Is In Final Process Of Completion

KUALA LUMPUR, Dec 2 (Bernama) -- The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.