KUALA LUMPUR (Dec 31): Bank Negara Malaysia (BNM) has issued its revised policy document on anti-money laundering/counter financing of terrorism (AML/CFT) and targeted financial sanctions (TFS), which will take effect tomorrow (Jan 1, 2020).
KUALA LUMPUR (Dec 23): Bank Pembangunan Malaysia Bhd (BPMB) and Danajamin Nasional Bhd have received Bank Negara Malaysia's (BNM) approval to commence negotiations under the first phase of the government's proposed merger involving the country's development financial institutions (DFIs).
KUALA LUMPUR (Dec 6): Banks remain willing to lend to bankable households and businesses, and have approved roughly three out of four housing loan applications they received.
KUALA LUMPUR (Nov 26): More than 3,100 applications for Bank Negara Malaysia’s (BNM) Fund for Affordable Homes have been approved as of Oct 31, with funds totalling RM596 million, said Finance Minister Lim Guan Eng (pictured).
KUALA LUMPUR (Nov 26): The government is considering a proposal to set up a special bank to ease the process of loans application for affordable and low-cost housing, the Dewan Rakyat was told today.
KUALA LUMPUR (Nov 15): Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said today Malaysia's economic growth will remain positive in the fourth quarter of 2019 (4Q19) and the expansion will be sustained into 2020, anchored by the country's private sector spending and diversified nature of its economy and exports.
KUALA LUMPUR (Nov 15): Malaysia's economic growth, as measured by gross domestic product, moderated to 4.
KUALA LUMPUR (Nov 12): Bank Negara Malaysia’s (BNM) proposal to set a cash transaction limit (CTL) of RM25,000 per transaction next year has received a mixed reaction from businesses, with some quarters suggesting it should be at least RM50,000.
KUALA LUMPUR (Nov 9): The implementation of the cash transaction limit (CTL) is seen as yielding benefits to the economy over the long term, said Universiti Tun Abdul Razak (Unirazak) economist, Prof Emeritus Dr Barjoyai Bardai.