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Inflation to exceed 6% in June, says Zeti
Bank Negara Malaysia expects the consumer price inflation to exceed 6% in June, following the adjustment in petrol prices by 40.6% and diesel prices by 63.3%, says Governor Tan Sri Dr Zeti Akhtar Aziz.
Lower deposit rates, 10 banks submit revision and more to follow suit
Ten banks have reduced their fixed deposit (FD) rates following the recent 25 basis point cut in the key interest rate by Bank Negara, and more are expected to follow suit.
Malaysian banks take heed of complaints, making huge investments to improve services
PETALING JAYA: Banks are aggressively beefing up their complaints management systems and investing millions of ringgit in them to not only cope with rising complaints, but also to enlarge their customer base to boost bottom lines, industry observers say.
Reining in household debt
The responsible lending guidelines, among the pre-emptive measures by Bank Negara to contain surging household debt, have made a strong impact on most people. Will the guidelines be effective to control the alarming levels of household debt and put the brakes on loan growth?
5% growth seen for SME banking
DESPITE the shaky global economy, the local small and medium enterprise (SME) banking business is expected to chart positive growth this year, with one banker forecasting a growth of 5%, driven, among others, by the Government’s various programmes to spur demand for SME financing.
Palm oil prices seen rising
PETALING JAYA: The prolonged dry weather in the country may result in crude palm oil (CPO) prices spiking by 30% from current levels of above RM2,600 per tonne.
Banks intensify investments in technology
PETALING JAYA: Banks are intensifying investments in technology infrastructure to brace for risks and disruptions from rising global cyber threats and security concerns.
Banks ready to help coronavirus-hit businesses
KUALA LUMPUR: Malaysian banks have pledged to assist borrowers affected by the current 2019-nCoV outbreak by either restructuring or delaying the repayment of their loans.
Ringgit halts 12-day drop on Bank Negara plan to aid market liquidity
KUALA LUMPUR: The ringgit rose for first time in almost three weeks after Malaysian economic data beat estimates and the central bank set out plans to boost market liquidity.
Apple accused by Egypt of violating competition laws
CAIRO: Egypt, where iPhone prices are up to 50% higher than elsewhere in the Middle East, has given Apple Inc 60 days to end what it claims are unfair restrictions on local distributors or face legal action.
