Short-Term Interbank Rates End Steady On BNM Operations
KUALA LUMPUR, Dec 2 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
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OFS-SIDREC Merger Is In Final Process Of Completion
KUALA LUMPUR, Dec 2 (Bernama) -- The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.
Malaysia's Official Reserve Assets At US$117.59 Bln As At End-October 2024 - BNM
KUALA LUMPUR, Nov 29 (Bernama) --The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as at end-October 2024, said Bank Negara Malaysia (BNM).
BNM Urges Insurers, Takaful Operators To Review Repricing Strategies For More Reasonable Implementation
KUALA LUMPUR, Nov 28 (Bernama) -- Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITOs) to review their current repricing strategies for more reasonable implementation.
Bayan Baru MP Calls On BNM To Review 'Excessive' Insurance Premium Hikes
KUALA LUMPUR, Nov 27 (Bernama) -- Bank Negara Malaysia (BNM) has been asked to investigate and review the “excessive” increase in insurance premiums.
SMEs Need To Swiftly Integrate ESG Practices Into Business Operations -- BNM
KUALA LUMPUR, Nov 26 (Bernama) -- Small and medium enterprises (SMEs) need to swiftly integrate environmental, social, and governance (ESG) practices into their business operations to maintain their competitiveness in the market and ensure long-term sustainable advantages, Bank Negara Malaysia (BNM) said.
MoF, BNM Mulling Extension Of mySalam Scheme - Amir Hamzah
KUALA LUMPUR, 26 Nov (Bernama) -- The Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) are looking at the possibility of extending the implementation of the mySalam scheme for two more years.
FMC Continues Monitoring Domestic Financial Market Conditions Amidst Key Global Developments
KUALA LUMPUR, Nov 20 (Bernama) -- Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.
Financial Literacy Of Malaysians Has Improved But Still Facing 3 Challenges
KUCHING, Nov 17 (Bernama) -- The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, there are still three challenges hindering further progress towards becoming a financially literate society.
LIAM Launches 'i-MULA 50 Starter Pack' In Sarawak
KUCHING, Nov 16 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) and its member companies officially launched the “i-MULA 50 Starter Pack” in Sarawak today as part of the Karnival Celik Kewangan (KCK) Sarawak held here from Nov 15-17.
Bank Muamalat Forms Partnerships To Expand Social Finance Initiatives
KUCHING, Nov 16 (Bernama) -- Bank Muamalat Malaysia Bhd has expanded its social finance initiatives through several partnerships sealed at the ongoing Financial Literacy Carnival (KCK) 2024, which will run until tomorrow.
Locals, Traders In Yan Encouraged To Use e-Duit For Simpler Financial Transactions
YAN, Nov 16 (Bernama) -- Residents and traders in the Yan district are encouraged to buy and sell using electronic or cashless payment methods, known as e-Duit, to facilitate daily financial transactions and make life easier and more convenient.