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KUALA LUMPUR, March 24 (Bernama) -- Strong domestic demand will continue to buffer Malaysia's economy against external uncertainties, including possible repercussions from the imposition of US tariffs.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, March 24 (Bernama) -- The Malaysian rubber market closed higher on Monday, driven by an upward momentum in regional rubber markets, said a dealer.
KUALA LUMPUR, March 24 (Bernama) -- More than 14,000 small and medium enterprises (SMEs), microenterprises, start-ups, and the low-income group grew in line with higher approval rates under development financial institutions (DFI) financing in 2024, said Bank Negara Malaysia (BNM) today.
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.
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).
KUALA LUMPUR, March 24 (Bernama) -- Enhanced security controls enabled the banking industry to avert over RM399 million in attempted fraudulent transactions in 2024, Bank Negara Malaysia (BNM) said.
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) -- Inflation is expected to trend higher between 2.0 per cent to 3.5 per cent this year compared to an average of 1.8 per cent in 2024, according to Bank Negara Malaysia (BNM).
KUALA LUMPUR, March 24 (Bernama) -- Financial losses from operational risks reported by financial institutions continued to be small in the second half of 2024 (2H 2024), accounting for only 0.03 per cent of total banking system capital compared to 0.05 per cent in the first six months.
KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.
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 24 (Bernama) -- Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.
