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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.
October 11, 2017
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
September 26, 2017
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.
September 08, 2017
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
September 07, 2017
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
August 22, 2017
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.
August 14, 2017
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.
August 10, 2017
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
July 20, 2017
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
June 01, 2017
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,
March 26, 2017