COVID-19: Airbnb to offer free or subsidised housing to 100,000 relief workers
KUALA LUMPUR (March 27): Airbnb will provide free or subsidised housing for up to 100,000 relief workers in light of the COVID-19 pandemic, AFP reported today.
ABM: Banks working out the details to roll out loan moratorium
KUALA LUMPUR (March 25): The Association of Banks in Malaysia (ABM) said its member banks are currently working out the full details of the proposed six-month moratorium on loan repayments to ensure they will be efficiently executed with minimum inconvenience to customers.
BNM likely to introduce additional relief measures for borrowers
KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) is likely to introduce additional relief measures to ease borrowers affected by by the COVID-19 outbreak.
BNM allows banks to tap into capital buffers amid COVID-19
KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.
BNM lowers SRR ratio from 3% to 2%, in move to release RM30b into banking system
KUALA LUMPUR (March 20): Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20.
Another OPR cut likely, say economists
KUALA LUMPUR (March 5): Economists are not discounting another cut in Bank Negara Malaysia’s (BNM) key interest rate down the road, amid the various internal and external headwinds from the COVID-19 outbreak to weak global trade.
OPR down to 2.5% for first time in a decade
KUALA LUMPUR: As the COVID-19 outbreak continues to grow, Bank Negara Malaysia (BNM) yesterday announced another cut of 25 basis points (bps) in the overnight policy rate (OPR), marking the first time in 10 years that the rate has been reduced to 2.
RHB IB: BNM appears to indicate no further rate cuts unless GDP trajectory is disrupted
KUALA LUMPUR (March 4): RHB Investment Bank Bhd Research said Bank Negara Malaysia’s (BNM) monetary policy committee statement appeared to indicate no further rate cuts unless the GDP growth trajectory is disrupted.
Maybank cuts BLR, deposit rates by 25 basis points
KUALA LUMPUR (March 3): Malayan Banking Bhd (Maybank) said it will cut its base rate (BR) and base lending rate (BLR) by 25 basis points effective Thursday, in line with the reduction in the overnight policy rate (OPR) announced by Bank Negara Malaysia today.
Cabnet bags RM12m subcontract work for new KLCC skyscraper
KUALA LUMPUR (March 3): Cabnet Holdings Bhd has bagged a subcontract worth RM11.
