News about Bank Negara

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.

KUALA LUMPUR (March 28): Bank Negara Malaysia’s (BNM) governor Datuk Nor Shamsiah Mohd Yunus (pictured) brushed aside growing concern about deflation arising from the drop in Consumer Price Index for two consecutive months.

KUALA LUMPUR (March 28): Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus says that any adjustments to the overnight policy rate (OPR) do not suggest that there are risks to domestic economic growth.

KUALA LUMPUR (March 28): Bank Negara Malaysia does not foresee any turbulence in the labour market this year, as it expects continued employment and income growth, underpinned by the steady expansion of the services and manufacturing sectors.

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).

KUALA LUMPUR (March 27): The domestic economy is expected to expand by 4.

KUALA LUMPUR (March 27): Banks are lending.

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.

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.

PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.