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BANK Negara’s decision to impose a more stringent provisioning requirement for banks by the end of next year might have caught many industry observers by surprise.
PETALING JAYA: Bank Negara is believed to have overpaid for the land it had bought from the Finance Ministry (MoF) when it forked out RM2.066bil for the 67.41 acres, proceeds which subsequently went to service 1Malaysia Development Bhd’s (1MDB) debt obligations.
PETALING JAYA: When Datuk Nor Shamsiah Mohd Yunus left Bank Negara in November 2016, it was an unceremonious affair.
JAKARTA: State-run Bank Mandiri, Indonesia’s largest lender, says its expansion into the Malaysian market has been met with little success because the requirements for the full banking status set by Bank Negara are “too restrictive”.
PETALING JAYA: As widely expected, Bank Negara has kept the overnight policy rate (OPR) unchanged at 3.25%, despite the persistent downward pressure on emerging market currencies, including the ringgit, as the US continues on its path to raise interest rates
KUALA LUMPUR: Bank Negara Malaysia had recommended the government undertake a public tender over the sale of a piece of adjoining land that was said to be overpriced, according to Tan Sri Muhammad Ibrahim.