Bank Negara Malaysia (BNM)

MAS launched the payment linkages with Malaysia and Indonesia with live cross-border fund transfers at SFF 2023.

The other central banks are the Reserve Bank of Australia, Bank of Korea and Bank Negara Malaysia.

This payment linkage will allow customers to make retail payments by scanning NETS QR and DuitNow QR codes.

BNM has announced the five successful applicants for the digital bank licenses which include names such as Grab, Singtel and Sea.

The first phase of the linkage will be launched in the fourth quarter of 2022.

Financial institutions are often the most vulnerable segment during a crisis when liquidity drops.

(July 29): While the escalating trade tension between the US and China will moderate Malaysia’s economic growth, it will not cause a global economic recession next year, said Bank Negara Malaysia (BNM).

KUALA LUMPUR (Dec 5): Beset with problems, the new team at Lembaga Tabung Haji has crafted a turnaround plan that is likely to involve a special purpose vehicle (SPV) taking over its underperforming assets at book value, sources say.

SINGAPORE (May 16): The five-member Council of Eminent Persons, a team of special advisors announced by Malaysia’s prime minister Mahathir Mohamad on May 12, has hit the ground running.

SINGAPORE (Nov 17): The Malaysian ringgit (MYR) on Wednesday reached a one-year high against the USD at 4.1745. And due to encouraging domestic and external factors, economists expect the MYR to remain strong.