Malaysia's central bank decided to keep its overnight policy rate (OPR) unchanged at 2.75% on March 9 after a working session of its Monetary Policy Committee (MPC).
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have launched a cross-border QR payment linkage, which will enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.
Malaysia’s central bank, known as Bank Negara Malaysia (BNM), has issued a revised policy document on anti-money laundering/counter financing of terrorism (ALM/CFT) and targeted financial sanctions (TFS), which take effect on January 1.
Malaysia posted a gross domestic product (GDP) growth of 4.7 percent in the fourth quarter (Q4) of last year, leading to an overall economic growth of 4.7 percent in 2018, Bernama news agency reported.
Malaysia’s economic growth in the first quarter of 2017 reached 5.6 percent, higher than the 4.1-percent rise in the same time last year and the highest rate in the recent two years, according to Bank Negara Malaysia (BNM).
Bank Negara Malaysia (BNM) has warned that drastic actions will be taken against perpetrators and investors of illegal financial schemes through a line-up of regulations.