Bank Negara raises OPR by 25bps to 2.5%, as expected
This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast polled by Bloomberg, bringing year-to-date increase to 75bps.
This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast polled by Bloomberg, bringing year-to-date increase to 75bps.
KUALA LUMPUR (May 11): Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from a record low of 1.
KUCHING (Feb 8): An increase of the minimum wage may lead to an increase of unemployment rate as employers may end up hiring fewer workers due to the high cost, said Sarawak Housing and Real Estate Developers’ Association (Sheda) president Augustine Wong Chung Ho.
KUALA LUMPUR (Nov 15): Pekat Group Bhd has secured a power purchase agreement (PPA) to supply solar-generated electricity to Majlis Bandaraya Seberang Perai (MBSP) for a 15-year period.
KUALA LUMPUR (Nov 4): Fitch Solutions, the research unit of Fitch Group, is expecting Bank Negara Malaysia to raise the overnight policy rate (OPR) by 50 basis points (bps) to 2.
KUALA LUMPUR (Nov 4): A total of 22,409,335 individuals or 95.
KUALA LUMPUR (Oct 18): A total of 21,960,911 individuals or 93.
KUALA LUMPUR (Oct 6): Malaysia administered 224,034 Covid-19 vaccine doses nationwide on Tuesday (Oct 5) — the fifth straight day the daily figure stayed below the 300,000 mark.
KUALA LUMPUR (Oct 4): A total of 20,621,994 individuals or 87.
KUALA LUMPUR (Sept 28): As of Monday (Sept 27), 84.