BNM cuts OPR to 3%, first revision in over a year
KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.
Najib-SRC trial: Two BNM teams raided AmBank Raja Chulan in July 2015
KUALA LUMPUR (April 16): There were at least two teams involved in the Bank Negara Malaysia (BNM) raid on the AmBank branch along Jalan Raja Chulan on July 6, 2015 which acquired information on bank accounts related to former prime minister Datuk Seri Najib Razak and SRC International Sdn Bhd.
Bank Negara's claim about falling entry-level wages puts employers in 'bad light' — MEF
KUALA LUMPUR (March 29): The Malaysian Employers Federation (MEF) said today that its survey data, on which Bank Negara Malaysia had used in an analysis and concluded wages for fresh graduates across all qualification categories have fallen between 2010-2018, actually showed that the reverse is true.
Heavy reliance on cheap foreign labour hinders productivity and wage growth, says BNM
KUALA LUMPUR (March 29): Cheap available foreign labour is the big stumbling block that has hindered the growth of the country’s productivity and wages.
Malaysian employees are not being paid enough, BNM says
KUALA LUMPUR (March 27): Malaysians are not being paid enough for the level of productivity they are producing, with many of the country’s workers underpaid, said Bank Negara Malaysia (BNM).
Bank Negara projects GDP growth at 4.3% to 4.8% in 2019
KUALA LUMPUR (March 27): The domestic economy is expected to expand by 4.
Growth in loan disbursement accelerates to five-year high of 7.3% in 2018
KUALA LUMPUR (March 27): Banks are lending.
BNM tells banks to use plain language in housing loan contracts
PETALING JAYA (March 27): Bank Negara Malaysia (BNM) (pictured) has given banking institutions until end- 2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts.
Malaysia’s household debt ratio down but still high, says BNM
PETALING JAYA (March 27): Malaysia’s total household debt to gross domestic product (GDP) ratio has eased further for the fourth consecutive year to 83% at end-2018 compared with 83.
Loan approval rates for property purchases trended lower in 2018
PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.
