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PETALING JAYA: Bank Negara has eased some of the restrictions in the foreign exchange (forex) market to allow for some trading of US dollar/ringgit transactions between local banks.
IT was a common statement that Tan Sri Dr Zeti Akhtar Aziz, the governor of Bank Negara, who will be retiring at the end of the month, used to make. Without mincing her words, she stressed that politicians should not be appointed governors of the central bank.
JAKARTA: State-run Bank Mandiri, Indonesia’s largest lender, says its expansion into the Malaysian market has been met with little success because the requirements for the full banking status set by Bank Negara are “too restrictive”.
PETALING JAYA: The country’s key interest rate could be cut in the next four months, considering Bank Negara’s more cautious tone on the Malaysian economy recently, says AmBank Research.
PETALING JAYA: As widely expected, Bank Negara has kept the overnight policy rate (OPR) unchanged at 3.25%, despite the persistent downward pressure on emerging market currencies, including the ringgit, as the US continues on its path to raise interest rates
KUALA LUMPUR: Datuk Nor Shamsiah Mohd Yunus, who led the investigation into the trail of money that flowed out of 1Malaysia Development Bhd (1MDB), has been appointed as the new Bank Negara Malaysia Governor, Bloomberg reported.
KUALA LUMPUR: Bank Negara Malaysia had recommended the government undertake a public tender over the sale of a piece of adjoining land that was said to be overpriced, according to Tan Sri Muhammad Ibrahim.
KUALA LUMPUR: Bank Negara is prepared to reopen 1Malaysia Development Bhd’s (1MDB) case if new information surfaces.
KUALA LUMPUR: Bank Negara is expected to keep its benchmark rate unchanged today, as the country’s economy is seen to be coping with global market volatility in the wake of Britain’s June Brexit vote.
PETALING JAYA: Bank Negara has set up a Financial Technology Enabler Group (FTEG), headed by a senior central banker, as it strengthens support for disruptive innovations in the industry.