World Bank: Risks to Malaysia's growth outlook tilt towards downside

Oct 10

KUALA LUMPUR (Oct 10): Risks to Malaysia's economic growth outlook continue to tilt towards the downside in anticipation that a sharper-than-expected slowdown in major economies, unresolved trade tension and a maturing global technology cycle could weigh on the country's export demand in the near term.

1MDB-Tanore trial: 'Someone in AmBank' helped Jho Low make RM494m from flipping 1MDB bonds in 2009, defence says

Oct 09

KUALA LUMPUR (Oct 9): Someone may have conspired in AmBank to help two companies linked to Low Taek Jho, better known as Jho Low, make some RM494 million in profit from flipping 1Malaysia Development Bhd (1MDB) bonds the first day it was issued, counsel to former prime minister Datuk Seri Najib Abdul Razak said during the 1MDB-Tanore trial today.

AmBank didn't tell 1MDB that Jho Low firms were major subscribers of RM5b bonds, witness agrees

Oct 09

KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.

Bank Negara, SC lead new committee on climate change

Sep 27

KUALA LUMPUR (Sept 27): Bank Negara Malaysia (BNM) and the Securities Commission (SC) are leading the newly-formed joint committee on climate change (JC3) to spur the Malaysian financial sector towards a low-carbon economy.

Malaysia banks stop charging fees for loan repayments at cash deposit machines, OTC

Sep 26

KUALA LUMPUR (Sept 26): The Association of Banks in Malaysia (ABM) announced today its member banks have ceased charging fees for cheque and cash payments for credit card and financing repayments over the counter (OTC) and at cash deposit machines.

Rehda hopes for expansionary Budget to spur spending

Sep 26

PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.

Budget 2020 to lighten pressure on BNM to pursue another rate cut in 2019 — UOB

Sep 25

KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.

Budget 2020: Hong Leong sees RM4b contingency plan in the offing

Sep 25

KUALA LUMPUR (Sept 25): Hong Leong Investment Bank Bhd says Malaysia's Budget 2020 may include a RM4 billion contingency plan to cushion the nation's economic growth from the prolonged US-China trade tension.