Hotels facing headwinds

Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.

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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.

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Another rate cut by BNM soon?

  KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.

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Global recession fear overplayed — BNM

KUALA LUMPUR (July 25): While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negara Malaysia (BNM).

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