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THE economy expanded 0.7% in the first quarter ended March 31, the slowest pace since 2009, but not as bad as the market had predicted.
KUALA LUMPUR: The ringgit gave up yesterday's gains to open slightly lower against the US dollar this morning due to stronger greenback.
Malaysia narrowly escapes contraction in Q1 with 0.7% growth
KUALA LUMPUR: Bank Negara will continue to monitor the prevailing economic and financial developments before deciding on further adjustments to the overnight policy rate (OPR) and statutory reserve requirement (SRR) in 2020.
PETALING JAYA: Given the overwhelming demand for the Special Relief Facility (SRF), Bank Negara has upsized the fund by another RM5bil to RM10bil.
PETALING JAYA: KPMG expects a high number of applicants for the five digital banking licences to be issued in the country on the back of lower entry requirements in minimum capital and significant market opportunities
KUALA LUMPUR: Malaysia's economic activity is expected to gradually improve in the second half of the year (2H 2020) after COVID-19 containment measures are eased and the domestic Movement Control Order (MCO) is lifted, said Bank Negara Malaysia.
KUALA LUMPUR: Bursa Malaysia rallied on Wednesday as Bank Negara revealed a better-than-expected result for Malaysia's economy in the first quarter.
KUALA LUMPUR: Malaysia's economy slowed down to 0.7% in the first quarter as it was significantly impacted by the measures to contain the Covid-19 pandemic but Bank Negara Malaysia expects the adverse effects to be seen more in the second quarter.