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.
| LATEST NEWS | The ringgit is likely to trade sideways, with an end-of-year forecast of RM4.45 against the US dollar - AmBank chief economist | BNM will maintain its accommodative stance and keep the OPR steady through at least 1H2025 - AmBank chief economist | Malaysia’s GDP growth is expected to moderate to 4.6 pct in 2025, supported by infrastructure projects, private investment realisations and strong private consumption - AmBank chief economist | The KLIA aerotrain is set to resume in Q2, with no impact on Malaysia's ASEAN chairmanship - MAHB Managing Director | |
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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.
RHB, SME Bank, AmBank, Public Bank Launch Flood Relief Assistance To Affected Customers
KUALA LUMPUR, Dec 2 (Bernama) -- RHB Banking Group (RHB) has launched its flood relief assistance programme, offering immediate financial relief and long-term recovery support to individuals, micro, small and medium enterprises (MSMEs), available from now until Jan 31, 2025.
Malaysia's Official Reserve Assets At US$117.59 Bln As At End-October 2024 - BNM
KUALA LUMPUR, Nov 29 (Bernama) --The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as at end-October 2024, said Bank Negara Malaysia (BNM).
BNM Urges Insurers, Takaful Operators To Review Repricing Strategies For More Reasonable Implementation
KUALA LUMPUR, Nov 28 (Bernama) -- Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITOs) to review their current repricing strategies for more reasonable implementation.
Malaysia's Insurance, Takaful Industry Sees 56 Pct medical Claims Cost Inflation From 2021-2023 - Associations
KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia’s insurance and takaful industry saw unprecedented cumulative medical claims cost inflation rate of 56 per cent from 2021 to 2023, according to several associations.
Malaysia's Investment Outlook Seen Promising Under Trump 2.0 Presidency
KUALA LUMPUR, Nov 27 (Bernama) – Malaysia is seen leveraging its role as ASEAN Chair in 2025 to maintain its economic stability and position itself as a key regional player amid global economic uncertainties stemming from US President-elect Donald Trump’s policies.
SMEs Need To Swiftly Integrate ESG Practices Into Business Operations -- BNM
KUALA LUMPUR, Nov 26 (Bernama) -- Small and medium enterprises (SMEs) need to swiftly integrate environmental, social, and governance (ESG) practices into their business operations to maintain their competitiveness in the market and ensure long-term sustainable advantages, Bank Negara Malaysia (BNM) said.
MoF, BNM Mulling Extension Of mySalam Scheme - Amir Hamzah
KUALA LUMPUR, 26 Nov (Bernama) -- The Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) are looking at the possibility of extending the implementation of the mySalam scheme for two more years.
BNM's International Reserves Rise To US$118.0 Bln As At Nov 15, 2024
KUALA LUMPUR, Nov 22 (Bernama) -- Malaysia’s international reserves rose to US$118.0 billion (US$1=RM4.46) as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Two-year MADANI Govt: Turning Challenges Into Accomplishments
KUALA LUMPUR, Nov 21 (Bernama) -- In just two years of being in power, the MADANI government has reached a pivotal turning point in Malaysia's economic reforms, alongside efforts to address inefficiencies in state-owned entities, building on the resilient economic foundation laid in its first year.