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Business

Bank Negara leaves rates unchanged

KUALA LUMPUR: Bank Negara has kept the overnight policy rate (OPR) unchanged at 3.25%, as the monetary policy remains accommodative and supportive of economic activity at the current level of the OPR.

Banking

Bank Negara keeps OPR

PETALING JAYA: Bank Negara has maintained the overnight policy rate (OPR) at 3.25%, in light of heightened risks in the global economic and financial environment.

Nation

1MDB accepts Bank Negara’s right to revoke permissions

PETALING JAYA: 1Malaysia Development Berhad (1MDB) says it acknowledges and respects the authority of Bank Negara Malaysia (BNM) to revoke its permissions, and to issue any direction it deems fit under the Financial Services Act 2013.

Nation

Lim defends Bank Negara

BANK Negara took time to act against gold investment company Genneva Sdn Bhd as they needed to gather the necessary evidence, said Deputy Finance Minister Datuk Donald Lim.

Nation

Bank Negara: 8,000 Genneva customers failed to get gold even after they paid

PETALING JAYA: Bank Negara has revealed that more than 8,000 customers of gold investment company Genneva Malaysia Sdn Bhd have yet to receive their gold amounting to over 4,000kg, despite having settled the payments.

Nation

Johor’s credit cooperatives reject Bank Negara’s new regulation on personal loan

BATU PAHAT: Credit cooperatives in Johor have objected to Bank Negara’s stringent new regulation on personal loan and appeal the Government to review the directive.

Nation

1MDB to fully cooperate with Bank Negara

PETALING JAYA: 1Malaysia Development Berhad (1MDB) will fully cooperate with Bank Negara in the central bank’s probe, says 1MDB president and group executive director Arul Kanda Kandasamy.

Banking

Bank Negara to issue licensing guidelines for virtual-bank ops soon

KUALA LUMPUR: Malaysia is bracing for the arrival of virtual banks, with some industry players expecting up to three licences to be issued by Bank Negara once the regulation for the industry is in place.

Business

Bank Negara keeps OPR at 3.25%, inflation seen stable

PETALING JAYA: Bank Negara’s Monetary Policy Committee has maintained the overnight policy rate (OPR) at 3.25%, which is within economists’ expectations, while expecting inflation to be stable this year.

Business

Bank Negara, Dubai FSA enhance supervision of banks, insurers

KUALA LUMPUR: Bank Negara Malaysia and Dubai Financial Services Authority (DFSA) are working closer together to enhance their supervision of banks and insurance/takaful/reinsurance companies in both countries.