Tag: Bank Negara Malaysia
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.
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 this year. Strong domestic demand and expenditure are expected to support 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 published an exposure draft detailing regulatory guidelines for Digital Insurers and Takaful Operators. The proposed framework aims to enhance market inclusiveness, competition, and operational efficiency while establishing clear licensing and business model standards for digital insurance providers.
Bank Negara raises OPR by 25bps to 2.5%, as expected
Bank Negara Malaysia's Monetary Policy Committee raised the overnight policy rate by 25 basis points to 2.5%, in line with economists' expectations. This is the third consecutive rate hike this year, bringing the total increase to 75 basis points as the country's economic growth and inflation gain momentum.
