[ KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents. The central bank said in a statement on Tuesday night that both banks were also required to provide corrective and preventive measures undertaken to avoid a … Read more
[ KUALA LUMPUR: Bank Negara Malaysia (BNM) has organised several engagement sessions with various stakeholders since March 20, 2024, in conjunction with the central bank’s key report publication recently. BNM said the engagement sessions were aimed at sharing its assessment of the Malaysian economy and financial sector, as well as getting feedback from the central … Read more
[ KUALA LUMPUR: Google Malaysia has issued an apology for the erroneous US Dollar-Ringgit (USD-MYR) exchange rate published on its finance page. “We immediately contacted the third party that provides USD-MYR exchange rate information to correct the error. The issue has now been resolved and we apologise for any confusion caused,” Google Malaysia posted on … Read more
[ KUALA LUMPUR: Bank Negara Malaysia (BNM) today dismissed the inaccurate ringgit exchange rate data circulating on social media based on an erroneous USD/RM exchange rate published by Google on Friday, March 15. “This is an inaccurate information that does not reflect the actual trading,” the central bank said in a statement. Yesterday, the ringgit … Read more
[ KUALA LUMPUR: The ringgit was slightly lower against the US dollar at Friday’s closing, although sentiment towards the local currency remains favourable, as Bank Negara Malaysia (BNM) has said firmly that the ringgit is undervalued. At 6 pm, the ringgit fell to 4.7440/7480 against the greenback compared with Thursday’s close of 4.7400/7455. Bank Muamalat … Read more
[ KUALA LUMPUR: The ringgit continues its momentum to open higher against the US dollar today and improved versus a basket of other major currencies, as well as Asean currencies supported by Bank Negara Malaysia’s (BNM) statement on the local note’s valuation. At 9 am, the ringgit edged up to 4.7370/7410 against the greenback compared … Read more
[ KUALA LUMPUR: The ringgit eased against the US dollar at the close of trading today in line with regional currencies amid uncertainty over a US interest rate cut. At 6 pm, the ringgit slipped to 4.7280/7350 against the greenback compared to Tuesday’s closing of 4.7265/7290. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam … Read more
[ KUALA LUMPUR: HSBC Global Research projects the FTSE Bursa Malaysia KLCI (FBM KLCI) to rise about 4.0 per cent this year to 1,510 points, as the country continues to provide opportunities for investors based on the trade diversion theme arising from the US-China tension. Head of equity strategy Herald van der Linde said the … Read more
