Affordable housing a shared responsibility, says BNM Governor
KUALA LUMPUR (Aug 29): Decent affordable housing is fundamental to the health and well-being of people, and to the smooth functioning of economies.
BNM addresses ‘difficult financing’ perception with MyKNP platform
KUALA LUMPUR: Bank Negara Malaysia (BNM) has established a platform — the Khidmat Nasihat Pembiayaan or MyKNP — to provide assistance to small and medium enterprises (SMEs) and homebuyers who have failed to secure financing, amid mounting frustrations among those who could not get loans.
BNM establishes programme to assist financing of SMEs, housebuyers
KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) today established the 'Khidmat Nasihat Pembiayaan' (MyKNP) programme, aimed at assisting SMEs and housebuyers that have previously been unsuccessful in securing financing.
Bank Negara Malaysia to redevelop its mint
KUALA LUMPUR: Bank Negara Malaysia (BNM) plans to demolish its mint — Kilang Wang Bank Negara Malaysia building — in Persiaran Selangor, Shah Alam, and redevelop the site as part of its mint modernisation project.
BNM might go for another rate cut on slower economy growth: Kenanga
KUALA LUMPUR (Aug 8): There is a possibility that Bank Negara Malaysia (BNM) may opt for another rate cut by year-end after a 25 basis point cut in May, given the heightened prospect of a slower global economy, said Kenanga Investment Bank.
BNM likely to cut interest rate in next 3-6 months: Economist
KUALA LUMPUR (Aug 7): Bank Negara Malaysia (BNM) may cut its key interest rate in the next three to six months, partly because the world economy has worsened, following the escalating United States (US)-China trade dispute, said CIMB Group chief economist Dr Donald Hanna.
HLIB: More US-China trade tensions could prompt OPR cut to 2.75% — lowest since March 2011
KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).
BNM may cut OPR again if there is further rate cut by Fed, says MARC
KUALA LUMPUR (Aug 3): A further reduction in interest rate by the US Federal Reserve in the second half of the year (2H2019) will provide more room for Bank Negara Malaysia (BNM) to adjust the overnight policy rate (OPR) downward again, says Malaysian Rating Corp Bhd (MARC).
BNM freezes 35 bank accounts, seizes RM4m of cash and properties in joint operation
KUALA LUMPUR (Aug 3): Eight premises related to Magmatrans (M) Sdn Bhd, Vonstar Resources Sdn Bhd and Vonstar Sdn Bhd in the Klang Valley and Penang were raided during a joint operation involving Bank Negara Malaysia (BNM), the Royal Malaysia Police and the Immigration Department Malaysia yesterday.
Home prices in Kuala Lumpur 'contract three quarters in a row': Report
PETALING JAYA (July 27): Using information from the National Property Information Centre (Napic) and Bank Negara Malaysia, The Edge Malaysia reported in its latest issue that home prices in Kuala Lumpur have contracted for three consecutive quarters year on year.
