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RHB Research forecasts BNM to keep 2019 OPR at 3.25 pct

KUALA LUMPUR, Feb 15 (Bernama) -- RHB Research has forecast that Bank Negara Malaysia (BNM) would likely keep its overnight policy rate (OPR) stable at 3.25 per cent throughout 2019.


Instill investor confidence to sustain growth, says Wahid Omar

KUALA LUMPUR, Feb 14 (Bernama) -- Ensuring investor confidence in the Malaysian economy and its potential growth is crucial for the country to sustain its growth momentum, going forward, says Tan Sri Abdul Wahid Omar, chairman of the board of directors, Universiti Kebangsaan Malaysia.


Malaysia's economy grew 4.7 per cent in 2018 -- BNM

KUALA LUMPUR, Feb 14 (Bernama) -- Malaysia posted a gross domestic product (GDP) growth of 4.7 per cent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 per cent in 2018, says Bank Negara Malaysia (BNM).


Ringgit to hit 3.8 versus greenback by end-2019

KUALA LUMPUR, Feb 13 (Bernama) -- The ringgit may advance gradually to breach the psychological level of 4.0 against the US dollar again, and continue its strengthening path to 3.80 by end-2019, according to RHB Research.


BNM international reserves at US$102.1 bln as at Jan 31

KUALA LUMPUR, Feb 12 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves amounted to US$102.1 billion, as at Jan 31, 2019, higher than the US$101.7 billion recorded as at Jan 15, 2019.


Malaysia's GDP growth to edge up to 4.7 pct in Q4 2018 - UOB

Malaysia’s gross domestic product (GDP) growth is likely to edge up to 4.7 per cent in the fourth quarter (Q4) of 2018, from the 4.4 per cent reported in Q3, in line with Bloomberg’s market consensus, says United Overseas Bank (Malaysia) Bhd.


Malaysia’s reserves remain usable as at end-Dec 2018, says BNM

KUALA LUMPUR, Jan 31 (Bernama) -- Malaysia’s reserves remained usable as at end-Dec 2018, with official reserve assets at US$101.44 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.


Lower monthly mortgage rate under BNM's RM1 bln housing fund

KUALA LUMPUR, Jan 29 (Bernama) -- First-time house buyers are expected to enjoy 23 per cent less in monthly commitment compared to current financing schemes offered in the market with the official launch of Bank Negara Malaysia's (BNM) RM1 billion Fund for Affordable Homes initiative today.


BSN announces the last winners of Premium Savings Certificate

Bank Simpanan Nasional has picked the last of the 12 millionaires from its Premium Savings Certificate (BSN SSP) 2018 special draw campaign titled "The Search Continues! 12 million ringgit, 12 millionaires, 12 months”.


Ambank, CGC sign portfolio guarantee worth RM2.15 bln since 2015

KUALA LUMPUR, Jan 18 (Bernama) — Ambank (M) Bhd and Credit Guarantee Corporation Malaysia Bhd (CGC) have signed a total of 10 tranches of portfolio guarantee (PG) worth RM2.15 billion since their strategic partnership in 2015.


Instill investor confidence to sustain growth, says Wahid Omar
60 pct of SMEs not aware of Islamic finance facilities -- BNM

 
RAM reaffirms RHB Islamic's AA2/Stable/P1 ratings

Zurich Malaysia relocates insurance, takaful branches to Bukit Damansara
LIAM appoints Mark O' Dell as first CEO

 
PIDM provides financial consumer protection

CLOSING, FRIDAY, FEB 15
US4.0870/0900
S'pore 3.0082/0116
100 Yen3.7013/7050
Sterling5.2354/2409
Euro4.6110/6152
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
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