Bank Negara relaxes forex policy for MDBs, qualified non-resident DFIs
KUALA LUMPUR, Nov 15 — Bank Negara Malaysia (BNM) today announced a liberalisation of foreign exchange policy (FEP) for multilateral development banks (MDBs) and qualified...
Malaysians to enjoy easy QR payments in S. Korea with Paybooc app
KUALA LUMPUR, June 4 — Malaysians will soon be able to make QR payments in South Korea using the Paybooc app, thanks to a collaboration...
Ringgit top performer among 10 regional currencies as of mid-May
KUALA LUMPUR, May 26 — The ringgit has recorded the best performance against the US dollar as of mid-May 2024 among 10 regional currencies following...
BNM’s initiatives help cushion pressure on the ringgit
KUALA LUMPUR, May 17 — Bank Negara Malaysia’s (BNM) initiatives have helped cushion the pressure on the ringgit, resulting in the local currency appreciating by...
BNM ramps up engagements to encourage continuous forex inflows
KUALA LUMPUR, Feb 27 — Bank Negara Malaysia (BNM) has stepped up its engagements with government-linked investment companies, government-linked companies, corporations, and investors to encourage...
Ringgit opens flat against US dollar
KUALA LUMPUR, Aug 21 — The ringgit opened little changed against the US dollar this morning as sentiments were mixed in light of the United States’...
Ringgit extends gains vs US dollar at opening
Ringgit extends gains vs US dollar at opening KUALA LUMPUR, June 28 — The ringgit extended its gains to open higher this morning, amidst positive developments in the...
BNM’s international reserves rise to US$114.7 bln
KUALA LUMPUR, May 22 – The international reserves of Bank Negara Malaysia (BNM) has widened to US$114.7 billion (US$1=RM4.53) as at May 15, 2023, from...
BNM’s international reserves at US$114.3 bln as at Feb 28, 2023
KUALA LUMPUR, March 7 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$114.3 billion (US$1=RM4.47) as at February 28, 2023. The reserves position is...
Apac economy coming out from extremely weak third quarter — Moody’s
KUALA LUMPUR, Oct 20 — The Asia-Pacific (Apac) economy is emerging from an extremely weak third quarter (Q3) that was weighed down by the combined...
Ringgit expected to weaken against US dollar next week
KUALA LUMPUR, May 15 — The ringgit is expected to weaken against the US dollar next week at between 4.10 and 4.15, in line with...
Ringgit expected to trade on upside bias against US dollar next week
KUALA LUMPUR, May 8 — The ringgit is expected to trade on the upside bias moving between 4.1025 and 4.1225 next week, predominantly driven by...