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Bank Negara reviews AML/CFT policies

KUALA LUMPUR, Nov 5 -- Bank Negara Malaysia (BNM) is in the midst of reviewing its Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policies to make the regulatory framework more risk and principles-based, said Governor, Datuk Nor Shamsiah Mohd Yunus.


IFSB to start giving data on takaful, Islamic capital market next year

KUALA LUMPUR, Nov 5 -- The Islamic Financial Services Board (IFSB), which currently disseminates quarterly data on its member jurisdictions’ Islamic banking systems, targets to provide data for the Islamic insurance (takaful) and Islamic capital market sectors from the start of next year.


BNM's MPC maintains OPR at 3 pct

KUALA LUMPUR, Nov 5  -- The Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3.0 per cent.


AffinBank appoints Md Agil as new Chairman

KUALA LUMPUR, Nov 4  -- Affin Bank Bhd has appointed experienced banker Datuk Md Agil Mohd Natt as chairman effective Nov 8.


Stanchart expects BNM to keep policy rate unchanged

KUALA LUMPUR, Nov 4  -- Bank Negara Malaysia (BNM) is likely to maintain a 'wait-and-see' stance and keep the policy rate unchanged at 3.0 per cent during its sixth Monetary Policy Committee (MPC) meeting tomorrow, said Standard Chartered Bank (Stanchart). 


Malaysia’s reserves at US$103.0 bln at end-September 2019 - BNM

KUALA LUMPUR, Oct 31 -- Malaysia’s reserves remained usable as at end-September 2019, with official reserve assets at US$103.00 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.


BNM to keep OPR unchange after Fed's rate cut

KUALA LUMPUR, Oct 31 -- Bank Negara Malaysia is unlikely to make any changes on its Overnight Policy Rate (OPR) during the upcoming Nov 5 Monetary Policy Committee (MPC) meeting, following a reduction in the US interest rate last night.


RHB supports SME growth in Laos

KUALA LUMPUR, Oct 30  -- RHB Banking Group is intensifying cross-border efforts while strengthening collaboration with the Laos government to assist small and medium enterprises (SMEs) to build and expand their businesses regionally.


BNM raids RSI International for using "bank" without approval

KUALA LUMPUR, Oct 29 -- Bank Negara Malaysia (BNM) has raided RSI International Bhd located in Cheras on Oct 23 for using the word “bank” in their office premises signage without its written approval.


Bank Muamalat, SJKP launch Smart Mortgage - SJKP

KUALA LUMPUR, Oct 22  -- Bank Muamalat Malaysia Bhd has allocated RM70 million under the Smart Mortgage-SJKP scheme for its first-year implementation, targeting 300 customers.


Petronas to collaborate with Bank Muamalat on VFP
Bank Muamalat named Khairul Kamarudin as new CEO

 
Bank Muamalat aims to have 15,000 merchants using QR scanning next year

FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics
Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

 
Japan non-life insurance segment has stable outlook - AM Best

CLOSING, THURSDAY, NOV 21
US4.1680/1710
S'pore3.0607/0633
100 Yen3.8404/8435
Sterling5.3946/3002
Euro4.6202/6252
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
Not sure
 
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