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BNM's Decision To Keep OPR At 3 Pct Will Stimulate Economic Growth - Economists

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Jan 22 (Bernama) -- Bank Negara Malaysia's (BNM) strategy to maintain the Overnight Policy Rate (OPR) at 3.0 per cent today is meticulously crafted, emphasising sustained economic growth while keenly monitoring the ebb and flow of global financial and geopolitical developments, said economists. 

BNM's International Reserves At US$115.5 Bln As At Jan 15, 2025

KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia’s international reserves stood at US$115.5 billion as at Jan 15, 2025, compared to US$116.2 billion as at Dec 31, 2024, according to Bank Negara Malaysia (BNM).

BNM Maintains OPR At 3.0 Pct

KUALA LUMPUR, Jan 22 (Bernama) -- Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.0 per cent during its meeting today.

TechStore Eyes RM25 Mln From IPO To Drive Expansion

KUALA LUMPUR, Jan 22 (Bernama) -- Enterprise IT services provider TechStore Bhd aims to raise RM25 million from its initial public offering (IPO) en route to an ACE Market listing on Feb 18, 2025.

ASEAN Data Centre Revenue To See 20 Pct CAGR By 2028

KUALA LUMPUR, Jan 22 (Bernama) -- ASEAN data centre revenue is expected to see a 20 per cent compound annual growth rate (CAGR) by 2028, according to Maybank Investment Bank Bhd (Maybank IB).

MAHB Privatisation Nears Completion, Marks New Chapter For The Airports

KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is closer to privatisation, with the deal now nearly finalised as it reached 86.5 per cent acceptances, said a foreign bank analyst.

Gold Futures Close Higher

KUALA LUMPUR, Jan 21 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today despite a minor decline in the United States COMEX gold market.

BNM Continues To Monitor Domestic Inflation, Growth Outlook For Sustainable Growth

KUALA LUMPUR, Jan 21 (Bernama) -- Bank Negara Malaysia (BNM) continues to closely monitor the balance of risks related to domestic inflation and the growth outlook to ensure that Malaysia’s monetary policy stance remains conducive to sustainable growth amid price stability. 

Alliance Bank Survey: ESG Awareness Among SMEs Grows By 60 Pct

SUBANG, Jan 21 (Bernama) -- Alliance Bank Malaysia Bhd’s latest environmental, social and governance (ESG) survey has indicated a sixfold increase in environmental, social, and governance (ESG) awareness among small and medium enterprises (SMEs) in Malaysia.

Malaysia To Adapt To Global Changes, Strengthen Sustainability, Trade

SUBANG, Jan 21 (Bernama) -- Malaysia is prepared to adapt to global changes, including potential shifts in US policy under a second Trump administration, without significant disruption to its natural resources and environmental sustainability agenda, Natural Resources and Environment Sustainability Nik Nazmi Nik Ahmad said.

ACE Market-bound RichTech Aims To Raise RM13.67 Mln From IPO

KUALA LUMPUR, Jan 21 (Bernama) -- Electronic reloads distributor and bill payment service provider RichTech Digital Bhd, which is en route to a listing on Bursa Malaysia’s ACE Market, aims to raise RM13.67 million through its initial public offering (IPO).