Malaysia 2Q2019 GDP growth to be stronger, says AmBank Research
KUALA LUMPUR (Aug 13): AmBank Research expects Malaysia’s gross domestic product (GDP) growth to be stronger in 2Q2019.
Another rate cut by BNM soon?
KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.
RHB partners Malaysian Retail Chain Association to support retailers, SMEs
KUALA LUMPUR (Aug 8): RHB Banking Group is partnering Malaysian Retail Chain Association (MRCA) to support more than 400 leading retail chain store operators, franchisers as well as small and medium enterprises (SMEs) through the Malaysia International Retail & Franchise Exhibition 2019 (MIRF).
RM606m went through three of Najib's AmBank accounts, High Court told
KUALA LUMPUR (Aug 6): Datuk Seri Najib Razak (pictured) saw a total of RM606.
HLIB: More US-China trade tensions could prompt OPR cut to 2.75% — lowest since March 2011
KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).
BNM may cut OPR again if there is further rate cut by Fed, says MARC
KUALA LUMPUR (Aug 3): A further reduction in interest rate by the US Federal Reserve in the second half of the year (2H2019) will provide more room for Bank Negara Malaysia (BNM) to adjust the overnight policy rate (OPR) downward again, says Malaysian Rating Corp Bhd (MARC).
BNM freezes 35 bank accounts, seizes RM4m of cash and properties in joint operation
KUALA LUMPUR (Aug 3): Eight premises related to Magmatrans (M) Sdn Bhd, Vonstar Resources Sdn Bhd and Vonstar Sdn Bhd in the Klang Valley and Penang were raided during a joint operation involving Bank Negara Malaysia (BNM), the Royal Malaysia Police and the Immigration Department Malaysia yesterday.
'Eagle 27 transaction misrepresented as donation by Jho Low'
KUALA LUMPUR (Aug 2): A transfer of RM27 million of SRC International Sdn Bhd funds — code-named “Eagle 27” — into former premier Datuk Seri Najib Razak’s 880 account was misrepresented by fugitive businessman Low Taek Jho (Jho Low) as a donation from royalty, when it had actually originated from SRC International Sdn Bhd’s account.
Home prices in Kuala Lumpur 'contract three quarters in a row': Report
PETALING JAYA (July 27): Using information from the National Property Information Centre (Napic) and Bank Negara Malaysia, The Edge Malaysia reported in its latest issue that home prices in Kuala Lumpur have contracted for three consecutive quarters year on year.
Global recession fear overplayed — BNM
KUALA LUMPUR (July 25): While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negara Malaysia (BNM).
