Anti-money Laundering Among Main Breaches Of Regulations In 2024, RM18.9 Mln Penalties Imposed -- BNM

KUALA LUMPUR, March 24 (Bernama) -- Anti-money laundering and countering financial terrorism were among the most enforcement actions taken by Bank Negara Malaysia (BNM) in 2024, with total monetary penalties imposed on institutions amounting to RM18.9 million.

BNM To Ensure Monetary Stability Amid Global Challenges

KUALA LUMPUR, March 24 (Bernama) – Bank Negara Malaysia (BNM) will remain steadfast in ensuring monetary stability to support sustainable economic growth in the long term.

Rising Supply Shocks Call For Strategic Approach

KUALA LUMPUR, March 24 (Bernama) -- Increasingly complex supply shocks going forward call for a strategic approach by the policymakers to better navigate through these challenges successfully, said Bank Negara Malaysia (BNM).

Implement Strategic, Innovation-driven Industrial Policies, Labour Market Reforms To Increase Household Income - BNM

KUALA LUMPUR, March 24 (Bernama) -- Implementing strategic and innovation-driven industrial policies, as well as labour market reforms, can increase household income by improving productivity, creating more job opportunities and ensuring fair compensation, says Bank Negara Malaysia (BNM).

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Macro Solvency Stress Test Reaffirms Banks’ Resilience In Face Of Severe Shocks

KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.

Malaysia's Ogse Players Must Tap Energy Transition Expertise To Reach Consumer Markets -- Rafizi

KUALA LUMPUR, March 20 (Bernama) -- Local oil and gas services and equipment (OGSE) players must leverage energy transition expertise to reach downstream consumer markets, said Economy Minister Datuk Seri Rafizi Ramli.

ASEAN Should leverage RCEP, FTAs To Mitigate economic Risks From US Tariffs 

KUALA LUMPUR, March 11 (Bernama) -- ASEAN should optimise the utilisation of the Regional Comprehensive Economic Partnership (RCEP) and the upgraded ASEAN+1 Free Trade Agreements (FTAs) to mitigate the risks of economic uncertainty following the imposition of US tariffs on Canada, Mexico and China.

ASEAN Must Leverage Australia To Boost Economic Resilience – MGBF

By Harizah Hanim Mohamed

KUALA LUMPUR, March 8 (Bernama) -- The Association of Southeast Asian Nations (ASEAN) must develop a parallel strategy by engaging major economies beyond the region, particularly Australia, to enhance production, productivity, and domestic consumption, Malaysia Global Business Forum (MGBF) founding chairman Nordin Abdullah said.

Ringgit Higher Against US Dollar For Third Consecutive Day

By Siti Radziah Hamzah

KUALA LUMPUR, March 6 (Bernama) -- The ringgit closed higher against the US dollar for the third consecutive day as the greenback’s safe-haven status weakened due to a mix of slowing United States (US) economic data, tariff uncertainty, and unpredictable policymaking, prompting traders to look elsewhere, said an analyst.

OPR Aligns With Malaysia's Economic Prospects — BNM Governor

KUALA LUMPUR, March 6 (Bernama) -- The following is an interview with Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour following March’s Monetary Policy Committee meeting:  

IMF Sees Malaysia Growing 4.7 Pct In 2025, Urges Sustained Fiscal Consolidation

KUALA LUMPUR, March 4 (Bernama) -- Malaysia’s strong growth momentum is expected to continue in the near term, with the economy projected to expand by 4.7 per cent this year, the International Monetary Fund (IMF) said.