Malaysia unemployment rate escalates to 5.3% in May
KUALA LUMPUR (July 14): Malaysia’s unemployment rate increased to 5.
BNM may cut OPR by another 25bps to 1.50% as early as September — HLIB
KUALA LUMPUR (July 8): Hong Leong Investment Bank Research (HLIB) is not discounting the possibility that Bank Negara Malaysia (BNM) will cut the overnight policy rate (OPR) by another 25 basis points (bps) to 1.
May's deflation not a reason for another OPR cut — economists
KUALA LUMPUR (June 25): Malaysia recorded yet another deflation in May — the third monthly deflation in a row — but this is no reason for Bank Negara Malaysia to further cut the Overnight Policy Rate (OPR), said economists.
PMO: Corporate liability under MACC Act to be enforced from June 1
KUALA LUMPUR (May 21): The enforcement of Section 17A of the MACC Act 2009 on June 1 reflects the government's commitment to tackling corruption, improving integrity and implementing good corporate governance.
Penang: Local councils to reduce proposed assessment rates hike
PENANG (May 7): The state authorities here have decided to reduce the increase in the proposed assessment rates, Malaysiakini reported today.
RHB Bank lowers base rate by 50 basis points
KUALA LUMPUR (May 6): RHB Banking Group has revised its base rate (BR) and base lending rate (BLR) downwards by 50 basis points (bps) effective May 13, 2020, in line with a reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM).
Public Bank lowers base rate, base lending rate by 50bps
KUALA LUMPUR (May 6): Public Bank will reduce its base rate (BR) and base lending rate (BLR) by 50 basis points (bps), in line with Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) cut yesterday.
BNM cuts OPR by 50bps to 2% amid worldwide pandemic-induced economic disruptions
KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 50 basis points (bps) to 2%, a level last seen during the 2008-09 global financial crisis.
Bank Negara issues FAQ to answer queries on hire-purchase loans
KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.
BNM expected to cut OPR by another 75 basis points: CGS-CIMB
KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said yesterday it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.
