Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus will be giving a press conference on Friday on the country's second quarter growth, which will be released on the same day and is widely expected to be strong, given the economy's reopening and the low base effect. The consensus is growth of 5.6%, according to a Bloomberg poll of 10 economists, whose estimates range from 4.6% to 6.7%.
IN a rare open letter to editors on Friday (July 15), Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus dispelled the alleged link between the central bank’s Overnight Policy Rate (OPR) hike and the rise in individual bankruptcies in the country, saying that the number of individual bankruptcies has been declining since 2016. “Letter to editors: Declining bankruptcy case trend; bankruptcy action is the last resort for financial institutions,” Nor Shamsiah said.
Malaysia's economy appears to be firmly on a recovery path, but ongoing inflation is inflicting hardship on certain segments, including low-income households, who have been disproportionately affected by rising price pressures, said Bank Negara Malaysia.
KUALA LUMPUR, July 26 The ringgit ended easier against the US dollar today as investors remained on the sidelines ahead of the United States economic policy updates, said an.
Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures or contribute to a charitable fund, people with knowledge of the matter said, more than a decade after the requirement was introduced.