News about bank

KUALA LUMPUR (Nov 3): The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) during the MPC’s final 2021 meeting on Wednesday (Nov 3) decided to maintain the overnight policy rate (OPR) at 1.

KUALA LUMPUR (Nov 2): DBS Bank said Malaysia’s economy is starting to recover gradually from the Covid-19 crisis following a tumultuous 2020 and 2021, but is maintaining its growth forecasts of 4% for 2021 and 5% for 2022.

KUALA LUMPUR (Oct 14): Bank Negara Malaysia (BNM) welcomes the Financial Management & Resilience Programme (URUS) by Agensi Kaunseling dan Pengurusan Kredit (AKPK) and the banking industry, which seeks to aid B50 borrowers with performing loans who have lost their jobs or who are experiencing income loss of at least 50%.

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.

KUALA LUMPUR (Sept 29): First-time buyers of affordable residential property continued to support house prices in Malaysia in the first half of 2021 (1H21) despite the housing market reversing improvements observed in 2H20 as the effects of the positive response to various homeownership incentives introduced by the government subsided.

KUALA LUMPUR (Sept 27): Malaysia saw 1,246 companies forced to wind down while 10,317 individuals registered for bankruptcy throughout the Covid-19 pandemic from March 2020 to July 2021, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

KUALA LUMPUR (Sept 24): Bank Negara Malaysia (BNM) has launched the Malaysia Overnight Rate (MYOR) as the new alternative reference rate (ARR) for Malaysia, as part of a transition to transaction-based rates.

Below is the opening keynote address by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz at the Malaysian Banking and Finance Summit 2021 at 9.

KUALA LUMPUR (Sept 15): The move by the Ministry of Finance (MOF) instructing banking institutions to work on the exemption of interest payments for recipients of the targeted payment assistance has generally taken analysts by surprise.