Tag: Bank Negara Malaysia
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.
Malaysia not going into recession, growth set to continue in 2023: Bank Negara Malaysia...
Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus reports that Malaysia is unlikely to enter a recession in 2023. Despite reduced foreign demand, domestic expenditure is expected to anchor economic growth, with the first quarter of 2023 showing more robust performance compared to the previous quarter.
Bank Negara issues exposure draft on licensing and regulatory framework for DITOs
Bank Negara Malaysia has released an exposure draft outlining licensing and regulatory guidelines for Digital Insurers and Takaful Operators (DITOs). The proposed framework aims to facilitate market entry, promote competition, and provide value-driven insurance solutions while ensuring sustainable business practices and policyholder benefits.
Bank Negara raises OPR by 25bps to 2.5%, as expected
Bank Negara Malaysia's Monetary Policy Committee increased the overnight policy rate (OPR) by 25 basis points to 2.5% on September 8. This marks the third consecutive rate hike in 2022, bringing the year-to-date increase to 75 basis points. The move reflects improving economic conditions and inflation trends.
