OCBC Bank to raise base rate by 0.25% following OPR revision

KUALA LUMPUR: OCBC Bank will be increasing its base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.25 per cent tomorrow (May 18) following Bank Negara Malaysia’s announcement of a hike in the overnight policy rate (OPR) to 2 per cent from 1.75 per cent.

Maybank introduces contactless cash withdrawal service

KUALA LUMPUR: Maybank has introduced its first-ever contactless automated teller machine (ATM) cash withdrawal service in Malaysia.

Moody’s: OPR decision due to inflation pressures

Full-year GDP target of 5.3% to 6.3% achievable

Finance Minister Tengku Zafrul says the country’s growth is on a firmer footing based on higher domestic and external demand among others.

Earnings recovery seen for Genting in 1Q

PETALING JAYA: Going by Genting Singapore Ltd’s results for the first quarter of financial year 2022 (1Q22), the Genting group of companies is poised to see a recovery in earnings following the removal of pandemic-related constraints.

Insight - Time to unwind easy-money stimulus

It’s time to unwind the excessive monetary accommodation before we reach a point where the risks of monetary expansion outweigh the benefits of cheap credit in an environment of high costs.

Bursa Malaysia seen trading cautiously with upward bias this week

Bursa Malaysia is expected to see cautious trading with an upward bias next week, buoyed by a promising domestic economic outlook despite volatility in regional markets, a dealer said.

Growth projection maintained on stronger demand

WITH the economy expected to improve further this year, no changes were made by the central bank to the country’s annual gross domestic product (GDP) growth projection of between 5.3% and 6.3% that was announced in March.

Understanding Bank Negara’s move

BANK Negara trampled market expectations by raising its key overnight policy rate (OPR) by 25 basis points (bps) to 2% from a record low of 1.75%. Market participants mostly projected that the first rate hike would happen in July.

Economy getting back in top form

MALAYSIA, like the rest of the world, is heading into a period of economic normalisation.