IN an environment of rising global interest rates, an increase in the overnight policy rate (OPR) could help mitigate the risk of capital outflows and pressure on the local currency.
PETALING JAYA: Bank Negara could wait until the second half of this year before it decides to raise its interest rate, which is currently at a record low of 1.75%.
The Employees Provident Fund's (EPF) 65.4%-owned subsidiary Malaysia Building Society Bhd's (MBSB) wholly-owned subsidiary MBSB Bank Bhd has proposed to issue RM5 billion worth of Islamic bonds or sukuk under the wakalah principle to raise money to finance the financial services provider’s operations.