Public Bank and Public Islamic Bank to reduce base rate by 0.25%
KUALA LUMPUR (March 4): Public Bank will reduce its base rate (BR) and base lending rate (BLR) / base financing rate (BFR) by 0.
OPR down to 2.5% for first time in a decade
KUALA LUMPUR: As the COVID-19 outbreak continues to grow, Bank Negara Malaysia (BNM) yesterday announced another cut of 25 basis points (bps) in the overnight policy rate (OPR), marking the first time in 10 years that the rate has been reduced to 2.
RHB IB: BNM appears to indicate no further rate cuts unless GDP trajectory is disrupted
KUALA LUMPUR (March 4): RHB Investment Bank Bhd Research said Bank Negara Malaysia’s (BNM) monetary policy committee statement appeared to indicate no further rate cuts unless the GDP growth trajectory is disrupted.
Dr M rejects Muhyiddin’s claim that country's crisis started when the former resigned as PM
KUALA LUMPUR (March 3): Tun Dr Mahathir Mohamad has denied Prime Minister Tan Sri Muhyiddin Yassin’s claim that the political crisis in the country started when the former resigned as prime minister.
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Jho Low denied knowing anything about Najib’s Ambank account
KUALA LUMPUR (March 3): Fugitive businessman Low Taek Jho (Jho Low) had in 2015 declared that he had nothing to do with former prime minister Datuk Seri Najib Abdul Razak’s bank accounts.
Ranhill secures three contracts worth RM110m
KUALA LUMPUR (March 3): Ranhill Holdings Bhd has secured three contracts worth a total of RM110.
Jho Low associate claims unaware of RM32m recipient identity
KUALA LUMPUR (March 3): Former Putrajaya Perdana Bhd (PPB) group executive director Jerome Lee Tak Loong said he did not know who received two cash transfers totalling RM32 million paid from the company’s accounts in 2014.
Eric Tan claims he does not know beneficiary of US$681m ‘donation’
KUALA LUMPUR (March 3): Eric Tan Kim Loong, a confidante of Low Taek Jho (Jho Low), claimed he does not know who the recipients of the infamous US$681 million (RM2.
Zahid’s fixed deposit accounts raised millions but did not trigger bank’s red flags
KUALA LUMPUR (March 3): Cash deposits and subsequent proceeds raised from Datuk Seri Ahmad Zahid Hamidi’s fixed account amounting to millions of ringgit did not trigger any alarms as the transactions involved the account of his appointed law firm Messrs Lewis & Co.
