News about rate

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).

  KUALA LUMPUR (July 22): RAM Rating Services Bhd is expecting Malaysia's overall inflation rate will escalate to 1.

KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.

KUALA LUMPUR (July 9): Bank Negara Malaysia (BNM) is unlikely to cut interest rate when the monetary policy committee meets today.

KUALA LUMPUR (June 28): Malaysian drivers would have to pay extra for toll, with an increase of almost up to 67%, if there had not been a change in government.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (May 31): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a net loss of RM22.

PETALING JAYA (May 7): The reduction of the overnight policy rate (OPR) by Bank Negara Malayisa (BNM) today is a good move to stimulate the economy and the property market, said real estate consultant and CEO of Zerin Properties Previndran Singhe.

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.