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Stronger Q2 backs BNM's decision to retain OPR - analysts

By Aishah Mohmad Afandi

KUALA LUMPUR, Sept 12  -- Economists believe Bank Negara Malaysia’s decision to maintain the overnight policy rate (OPR) at 3.00 per cent today is on the back of the stronger gross domestic product (GDP) recorded in the second quarter (Q2) this year.


BNM's MPC maintains OPR at three per cent

KUALA LUMPUR, Sept 12 -- Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 3.00 per cent at its Monetary Policy Committee (MPC) today.


Global Fintech Summit in KL to attract over 900 delegates

KUALA LUMPUR, Sept 11  -- The three-day Global Islamic Fintech Summit (GIFS) 2019 and its co-event Islamic Digital Economy Experience (IDEX) starting Oct 1, 2019 here is expected to attract more than 900 delegates and trade visitors.


BNM's international reserves rise to US$103.5 bln as at Aug 30

KUALA LUMPUR, Sept 6 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves increased to US$103.5 billion (US$1=RM4.185) as at Aug 30, 2019 from US$103.1 billion as at Aug 15, 2019.


Affin's shares up on news of potential sale of general insurance business

KUALA LUMPUR, Sept 6 -- Shares of Affin Bank Bhd on Bursa Malaysia rose in early trading session today after the bank and French insurer AXA SA are reportedly mulling options including a potential sale of their life and general insurance business in Malaysia for about US$650 million.


Kazakhstan's AIFC seeks potential Malaysian Islamic finance players 

KUALA LUMPUR, Sept 5 (Bernama) -- Kazakhstan's newly established Astana International Financial Centre (AIFC) is keen to attract Islamic finance players in Malaysia to set up operations in the country, which serves as a springboard to the Central Asian region.  


SME Bank approves RM30 billion financing to over 17,000 SMEs

KUALA LUMPUR, Sept 4 -- Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has approved RM30 billion in financing to more than 17,000 SMEs to-date.


No "wow" factor in corporate earnings, AmInvestment bank cuts index target to 1,680 points

KUALA LUMPUR, Sept 4 -- AmInvestment Bank Bhd has cut the FBM KLCI end of 2019 target by 140 points to 1,680 points amid lacklustre corporate earnings in the just-concluded second-quarter results, coupled with the possibilities of investors continue to lighten their positions in emerging markets.


BNM's official reserve assets at US$103.911 bln as at end-July 2019

KUALA LUMPUR, Aug 30  -- Bank Negara Malaysia’s (BNM) official reserve assets amounted to US$103.911 billion, while other foreign currency assets stood at US$216.9 million as at end-July 2019.


Islamic finance is alive and kicking in Malaysia, says Governor 

KUALA LUMPUR, Aug 29 -- Malaysia’s Islamic banking industry is not phasing out of the limelight but is very much alive and kicking, gaining maturity and poised for further growth.


Islamic Banking institutions urged to provide training to strengthen SME sector
Govt sets up special committee on Islamic Finance

 
Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest

LIAM committed to increasing life insurance penetration rate
Govt likely to revise life insurance penetration rate target

 
LIAM appoints new president for 2019/2020 term

CLOSING, FRIDAY, SEP 13
US4.1630/1660
S'pore3.0318/0345
100 Yen3.8550/8581
Sterling5.1829/1883
Euro4.6205/6255
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
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