Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president. The nation’s corporate and sovereign bonds saw a net outflow of 11.2 billion ringgit ($2.6 billion) last month, the most since March 2020, according to Bank Negara...
KUALA LUMPUR: The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. At 6 pm, the local currency climbed to 4.2000/2060 against the greenback, compared to last week's close of 4.2005/2070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul...
KUALA LUMPUR: Bank Negara’s international reserves totalled US$115.9bil as of Aug 15, up 1.05% from US$114.7bil as of July 31. “The reserves position is sufficient to finance 5.4 months of imports of goods and services, and is 1.0 times of the total short-term external debt,” the central bank said in a statement. The main components of the...
KUALA LUMPUR: The National Fraud Portal (NFP) launched today will leverage on artificial intelligence (AI) to detect suspicious transactions through predictive analysis. Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour said one of the NFP’s main characteristics is its modular design which allows for continuous improvements to be made on the existing basic infrastructure. He...
KUALA LUMPUR: Malaysia is expected to maintain its economic growth forecast of 4.8% this year, mainly driven by consumer spending, according to Standard Chartered Bank Malaysia Bhd (StanChart). "We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver," said StanChart economist Jonathan Koh and chief economist Edward Lee in...
KUALA LUMPUR: Bank Negara’s international reserve rose to US$114.7bil as at July 31 compared with US$113.3bil as at July 15. “The reserves position is sufficient to finance 5.5 months of imports of goods and services, and is 1.0 times of the total short-term external debt,” the central bank said in a statement. The main components of the...
KUALA LUMPUR: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the High Court here that former AmBank CEO Ashok Ramamurthy had attempted to conceal his wrongdoings in the 1Malaysia Development Bhd (1MDB) financial scandal. She claimed that Ashok, an Australian, had "every reason" to say something against her for this purpose to cover...
PUTRAJAYA: Tun Dr Mahathir Mohamad has challenged Prime Minister Anwar Ibrahim to call for a snap election to test his support among Malaysians. "During my time, I won elections with a two-thirds majority. "The people had the chance to throw me out, but they didn't. I challenge Anwar to call for elections today to see what the...
KUALA LUMPUR: Bank Negara Malaysia (BNM) analyst Adam Ariff Mohd Roslan colluded with the Malaysian Anti-Corruption Commission (MACC) when he made his report on 1Malaysia Development Bhd’s (1MDB) money trails, Tan Sri Muhammad Shafee Abdullah claimed at the High Court here. The lead counsel of Datuk Seri Najib Razak made the allegation at the latter’s trial...
KUALA LUMPUR: Former Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz on Monday (Aug 28) revealed at the High Court here that the central bank had in fact recommended a penalty amounting to RM23mil against 1Malaysia Development Berhad (1MDB) but the Attorney-General (AG) then reduced the fine to RM15mil. The 76-year-old witness said, in order...
