Malaysia: Low-income households hard hit by inflation World

Malaysia: Low-income households hard hit by inflation

Malaysia's economy is 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 (BNM).
Singapore, Malaysia facilitate borderless payment World

Singapore, Malaysia facilitate borderless payment

The Monetary Authority of Singapore (MAS) and the Bank Negara Malaysia (BNM) plan to begin a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow real-time payment systems in late 2022.
Malaysia sees signs of economic recovery in second quarter World

Malaysia sees signs of economic recovery in second quarter

The Malaysian government will decide whether to revise its growth target of between 6 percent and 7.5 percent this year based on the gross domestic product (GDP) performance for the second quarter, as the economy is seeing signs of recovery, said an official.
Malaysia works to ensure economic recovery World

Malaysia works to ensure economic recovery

Malaysian Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on June 10 that the Government will do its best to curb the COVID-19 pandemic and ensure that economic recovery will continue, starting from the second half of this year.
Malaysia reduces interest rates to record low World

Malaysia reduces interest rates to record low

Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
Malaysia may cut key interest rate again World

Malaysia may cut key interest rate again

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.
Malaysia: 3 pct fiscal deficit target challenging World

Malaysia: 3 pct fiscal deficit target challenging

Malaysian Finance Minister Lim Guan Eng said on July 22 that Malaysia will find it challenging to meet its 3 percent fiscal deficit target for next year due to uncertainties around the US-China trade war.