KUALA LUMPUR (Feb 11): Blanket loan moratorium is not the remedy to the current economic problems.
KUALA LUMPUR (Feb 4): Bank Negara Malaysia (BNM) is unlikely to cut its overnight policy rate (OPR) any further from the current 1.
KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.
KUALA LUMPUR (Jan 15): The Federation of Malaysian Consumers Association (FOMCA) has called on Bank Negara to extend the loan moratorium until at least August for all affected workers in the wake of the second Movement Control Order (MCO).
KUALA LUMPUR (Jan 15): DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.
KUALA LUMPUR (Dec 24): Bank Negara Malaysia (BNM) has advised the public to exchange their defaced currency notes, tampered coins and demonetised currencies at any financial institutions.
KUALA LUMPUR (Dec 2): Eligible small and medium-sized enterprises (SMEs) can apply for financing for working capital purposes of up to RM500,000 for a tenure of up to seven years including a repayment moratorium of at least six months, said Bank Negara Malaysia (BNM).
KUALA LUMPUR (Nov 13): While more states have been placed under the conditional movement control order (CMCO), Bank Negara Malaysia is expecting a sustained recovery in private consumption.
KUALA LUMPUR (Nov 13): The country’s gross domestic product (GDP) is expected to recover in 2021 and to grow in the range of 6.
KUALA LUMPUR (Nov 13): Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Yunus (pictured) said with the new statutory debt level of 60%, the government still has additional fiscal space in the event further support is needed to be lent out to the economy.