BNM cuts OPR to 3%, first revision in over a year
KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.
S P Setia and Maybank extend rent-to-own scheme to newly-launched homes
SETIA ALAM (April 24): S P Setia Bhd and Maybank are partnering for the second year to offer Setia FlexKey, an enhanced HouzKEY financing scheme by Maybank.
Najib-SRC trial: Two BNM teams raided AmBank Raja Chulan in July 2015
KUALA LUMPUR (April 16): There were at least two teams involved in the Bank Negara Malaysia (BNM) raid on the AmBank branch along Jalan Raja Chulan on July 6, 2015 which acquired information on bank accounts related to former prime minister Datuk Seri Najib Razak and SRC International Sdn Bhd.
Higher ECRL portion for local players works out to RM17.6b, says CIMB IB
KUALA LUMPUR (April 16): The higher allocation of works for local contractors for the East Coast Rail Link (ECRL) project is a positive for the construction sector, says CIMB Investment Bank (CIMB IB).
Can prosecution prove Najib knew money in Ambank account came from illegal source, asks Shafee
KUALA LUMPUR (April 15): The prosecution in the Datuk Seri Najib Razak-SRC International Sdn Bhd trial needs to prove that the former premier had "full knowledge" that funds channelled into his account came from illegitimate sources in order to prove him guilty, says his lead defence counsel Tan Sri Muhammad Shafee Abdullah (pictured second from left).
Bank Negara's claim about falling entry-level wages puts employers in 'bad light' — MEF
KUALA LUMPUR (March 29): The Malaysian Employers Federation (MEF) said today that its survey data, on which Bank Negara Malaysia had used in an analysis and concluded wages for fresh graduates across all qualification categories have fallen between 2010-2018, actually showed that the reverse is true.
Heavy reliance on cheap foreign labour hinders productivity and wage growth, says BNM
KUALA LUMPUR (March 29): Cheap available foreign labour is the big stumbling block that has hindered the growth of the country’s productivity and wages.
No deflation in Malaysia, no recession in US — BNM governor
KUALA LUMPUR (March 28): Bank Negara Malaysia’s (BNM) governor Datuk Nor Shamsiah Mohd Yunus (pictured) brushed aside growing concern about deflation arising from the drop in Consumer Price Index for two consecutive months.
OPR cut does not mean dimmer growth prospects
KUALA LUMPUR (March 28): Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus says that any adjustments to the overnight policy rate (OPR) do not suggest that there are risks to domestic economic growth.
Malaysian workers expected to see salary growth of between 4.9% and 5.4% in 2019
KUALA LUMPUR (March 28): Bank Negara Malaysia does not foresee any turbulence in the labour market this year, as it expects continued employment and income growth, underpinned by the steady expansion of the services and manufacturing sectors.
