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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.
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.
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.
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.
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.
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.