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Business 27 Apr 2006 | 12:00 AM

Malaysia’s interest rate raised to 3.5%

Bank Negara has raised the overnight policy rate (OPR) by 25 basis points to 3.5%. The ceiling and floor rates of the corridor for the OPR are correspondingly increased to 3.75% and 3.25% respectively.

Business 20 Apr 2006 | 12:00 AM

March inflation at 4.8%

Malaysia's inflation rate accelerated by 4.8% in March from the same month last year after the Government reduced its subsidy for fuel prices.

Business 12 Apr 2006 | 12:00 AM

Rates to rise in Q2

Analysts expect local banks to raise lending and deposit rates in the next few months when Bank Negara takes the cue from an interest rate hike in the United States in May by raising its Overnight Policy Rate (OPR).

Nation 03 Apr 2006 | 12:00 AM

Back to square one for buyers

It's back to square one for car buyers, it appears.

Business 24 Mar 2006 | 12:00 AM

Banks reviewing deposit rates

With Bank Negara having raised the benchmark Overnight Policy Rate (OPR) to 3.25% in the past six months, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz on Wednesday called on the banks to amend their deposit rates.

Business 23 Mar 2006 | 12:00 AM

Productivity to cushion impact of fuel price

Following the release of the Bank Negara annual report on Wednesday the bank's governor Tan Sri Dr Zeti Akhtar Aziz took questions on some of the concerns of ordinary Malaysians.

Business 23 Mar 2006 | 12:00 AM

Monetary policy balances risks with growth

BANK Negara's monetary policy last year was aimed at balancing the risks to economic growth and price stability.

Business 22 Mar 2006 | 12:00 AM

Strong ringgit to benefit consumers and retailers

Economists say a strong ringgit could prove to be a boon for consumers and retailers alike, but differ on how much the central bank should allow interest rates to rise to cope with inflation.

Business 21 Mar 2006 | 12:00 AM

Ringgit reaches new high

The ringgit rose to RM3.698 against the US dollar yesterday, its strongest level since the local unit was un-pegged from a fixed rate of RM3.80 to the greenback in July last year.

Business 07 Mar 2006 | 12:00 AM

StanChart posts best results in four years

Standard Chartered Bank (M) Bhd achieved its best results in four years with pre-tax profit of RM579mil on the back of RM1.26bil in revenue for financial year ended Dec 31, 2005.