Bank Negara Malaysia (BNM)

Malaysia

Here's why Malaysians can't afford a house

(Oct 11): Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable.

Broker's Calls

The long-term risks faced by OCBC with reduced stakes in Malaysian insurance operations

SINGAPORE (Sept 26): Maybank Kim Eng is maintaining its “hold” recommendation on OCBC Bank with an unchanged price target of $11.05 pending further details of reduced stakes in the Malaysian business of its 87.9%-owned insurance arm, Great Eastern Hol

Malaysia

BNM forex scandal: Anwar denies failing to inform Cabinet of entire forex losses

SINGAPORE (Sept 8): Former finance minister Datuk Seri Anwar Ibrahim denied that he failed to inform the Cabinet of the entire foreign exchange (forex) trading losses incurred by Bank Negara Malaysia (BNM) in the 1990s.

Malaysia

BNM forex scandal: Former second finance minister claims responsibility for hedging ‘mistake’ made in 1990s

SINGAPORE (Sept 7): Over the hearing which took place at the Royal Commission of Inquiry (RCI) yesterday, Malaysia’s former second finance minister Tan Sri Nor Mohamed Yakcop, who served as adviser to Bank Negara Malaysia (BNM) from 1998 to 2000, admitt

Malaysia

BNM forex scandal investigation reveals unreported RM31.5 bil in trading losses

SINGAPORE (Aug 22): After hearing witnesses’ testimonies on the very first day of hearing, the Royal Commission of Inquiry (RCI) has concluded that Bank Negara Malaysia (BNM) lost about RM31.5 billion in foreign exchange (forex) trading losses in the 19
From Bloomberg

Currencies

Complacency is a dangerous issue when taming Asia’s most volatile currencies

(Aug 14): Policy makers in Indonesia and Malaysia have been so successful in quashing currency volatility that this is breeding a new danger: complacency.
From Bloomberg

Offshore ringgit trade is against Malaysia's policy

KUALA LUMPUR (Aug 10): Malaysia's central bank said on Wednesday the introduction of ringgit futures on the Singapore Stock Exchange and the Intercontinental Exchange, and their offshore trading is inconsistent with Malaysia's policies.
From Reuters

Malaysia

Foreign insurers plan US$2 billion of Malaysia deals

(July 20): Overseas insurers including Prudential Plc are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 billion ($2.74 billion) and help them comply with foreign ownership limits, people with kn

Malaysia

AMMB, RHB confirm merger plan; get BNM nod

KUALA LUMPUR (June 1): RHB Bank and AMMB Holdings have confirmed that they are exploring a merger and that they have obtained approval from Bank Negara Malaysia (BNM) to commence discussions.   With BNM’s approval, the two lenders said they have inke

Malaysia

Recalling Bank Negara’s massive forex losses

SINGAPORE (March 24): The government is moving ahead to investigate whether there were any wrong doings in the massive foreign exchange losses suffered by Bank Negara some 25 years ago. Many people today may not have a good recollection of what happened,
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