Bank Negara forecasts GDP growth of 6.5% to 7.5% but downside risks remain
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.
BNM governor: Government still has additional fiscal space to support economy
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.
Embracing challenges
The third wave of Covid-19 in Malaysia has shaken shoppers’ confidence and also become the final straw that has broken the camel’s back for some retailers, in turn hurting the mall operators’ rental revenue and future expansion plans.
BNM maintains OPR at 1.75% at final monetary policy meeting for 2020
KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.
Non-financial corporate debt servicing capacity still above prudent level in 1H20
KUALA LUMPUR (Oct 14): Despite the expected weakening in financial health among non-financial corporates (NFCs) due to the Covid-19 pandemic, the aggregate indicator of the debt- servicing capacity of NFCs has remained above the prudent threshold, reflecting the reasonably healthy financial conditions prior to the pandemic, according to Bank Negara Malaysia's (BNM) Financial Stability Review for the first half of 2020 (1H20).
Household loan impairments to double in 2H21 — BNM
KUALA LUMPUR (Oct 14): Household loan impairments are projected to double, albeit from historically low levels, said Bank Negara Malaysia (BNM) in its latest Financial Stability Review.
As blanket loan moratorium ends, banks receive 500,000 applications for further repayment help
PETALING JAYA (Sept 30): As Malaysia transitions into targeted repayment assistance following the end of the six-month blanket loan moratorium today, about 500,000 applications for repayment assistance have been received, said Bank Negara Malaysia (BNM).
BNM unlikely to cut OPR until year end should recovery gain strength
KUALA LUMPUR (Sept 11): Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.
BNM maintains OPR at 1.75% as global economy continues to improve
KUALA LUMPUR (Sept 10): Bank Negara Malaysia (BNM)’s Monetary Policy Committee has decided to maintain the overnight policy rate (OPR) at 1.
Lawyer says he had no reason to flag RM76m in cheques from Ahmad Zahid
KUALA LUMPUR (Aug 15): A lawyer who was acting on behalf of former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi (pictured) told the court yesterday that he did not have reason to flag cheques bearing a cumulative amount of RM76.
