News about bank

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.

KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.

KUALA LUMPUR (Sept 9): The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 1.

KUALA LUMPUR (Sept 7): RHB Research has maintained its “neutral” rating on the property sector, and said it expects the new Malaysia My Second Home (MM2H) programme rules not to have a positive impact on the sector, nor a significant negative impact.