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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.
KUALA LUMPUR, March 24 (Bernama) -- Orderly domestic market conditions will continue given Malaysia’s deep and liquid financial markets and sound banking system, providing sufficient buffer against global volatility.
KUALA LUMPUR, March 13 (Bernama) -- Malaysians could lose up to RM3.3 billion annually by 2029 if foreign exchange (forex) hidden fees are left unchecked, according to new research commissioned by Wise.
KUALA LUMPUR, March 7 (Bernama) -- Malaysia’s international reserves rose to US$118.3 billion as at Feb 28, 2025, from US$117.7 billion on Feb 14, 2025, according to Bank Negara Malaysia (BNM).
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.
By Siti Radziah Hamzah
KUALA LUMPUR, March 4 (Bernama) -- The ringgit closed slightly higher against the US dollar on Tuesday as broader macro forces kept a floor under the domestic currency despite the US tariff barrage rattling global markets.
KUALA LUMPUR, March 1 (Bernama) -- The Employees Provident Fund’s (EPF) investment assets stood at RM1.25 trillion as at Dec 31, 2024, of which 63 per cent was invested domestically.
KUALA LUMPUR, March 1 (Bernama) -- The Malaysian rubber market is expected to remain volatile next week, driven by mixed signals from regional markets and concerns over supply constraints, according to the Malaysian Rubber Glove Manufacturers Association.
KUALA LUMPUR, Feb 27 (Bernama) – The government and Bank Negara Malaysia (BNM) will continue to strengthen and improve existing channels and mechanisms to facilitate trade and investment transactions in the local currency.
KUALA LUMPUR, Feb 26 (Bernama) -- Axiata Group Bhd returned to the black after posting a net profit of RM946.82 million in the financial year ended Dec 31, 2024 (FY2024), against a net loss of RM1.99 billion in the FY2023.
KUALA LUMPUR, Feb 26 (Bernama) -- Malayan Banking Bhd’s (Maybank) net profit hit RM10.09 billion in the financial year ended Dec 31, 2024 (FY2024), 7.9 per cent higher than RM9.35 billion recorded in FY2023.
KUALA LUMPUR, Feb 26 (Bernama) -- Public Bank Bhd’s net profit rose by 7.5 pct to RM7.15 billion in the financial year ended Dec 31, 2024 (FY2024) compared with RM6.65 billion in FY2023, due to the reversal of over-provision of tax in the prior years.
