Boost-RHB digital bank consortium gets approval to commence operations in Malaysia

[ad_1] PETALING JAYA: Boost, the fintech arm of Axiata Group Bhd, together with its consortium partner, RHB Banking Group (RHB), has received the official approval from Bank Negara and the…

Ringgit to improve on better fundamentals, with Fed fund rate seen to peak

[ad_1] KUALA LUMPUR: Regional currencies including the ringgit are expected to do better against the US dollar in the coming year, backed by news and indicators that the US Federal…

Flexible ringgit exchange rate has a role in reducing impact of external shocks – MoF

[ad_1] KUALA LUMPUR: The flexible ringgit exchange rate plays an important role in reducing the impact of external shocks on domestic economic activity, said the Ministry of Finance (MoF). Thus,…

FBM KLCI rises ahead of OPR decision

[ad_1] KUALA LUMPUR: The FBM KLCI maintained its lead at midday ahead of Bank Negara’s announcement of its interest rate decision later today. At the lunch break, the market bellwether…

FinTIP notice as a precautionary notice, says Bank Negara

[ad_1] KUALA LUMPUR: Bank Negara has clarified that the Financial Sector Cyber Threat Intelligence Platform (FinTIP) alert is a routine precautionary notice meant for financial institutions (FIs) and their connected…

Bank Negara international reserves fall to US$108.9bil

[ad_1] KUALA LUMPUR: Bank Negara’s international reserves amounted to US$108.9bil as at Oct 13, down from US$110.1bil as at Sept 29. “The reserves position is sufficient to finance 5.1 months…

Financing the country’s external debt

[ad_1] DEBT management strategies have proved to be vital in today’s climate. The federal government’s borrowing programme is needed to finance the fiscal deficit and refinance maturing debt. According to…

Bank Negara drives digital payments for efficiency and cost savings

[ad_1] KUALA LUMPUR: Bank Negara Malaysia (BNM) is fully committed to ensuring a safe, reliable, and efficient payment system, which includes promoting the widespread adoption of digital payments in Malaysia.…

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments

[ad_1] KUALA LUMPUR: Major banks and non-bank financial service providers will waive transaction fees for micro and small businesses accepting DuitNow QR payments, says Bank Negara Malaysia (BNM). The central…

BMI sees Bank Negara holding OPR at 3% until end of 2024

[ad_1] KUALA LUMPUR: BMI, a Fitch Solutions company, expects Bank Negara Malaysia to hold its overnight policy rate at 3.00 per cent until the end of 2024 as domestic inflation…