#bnm

By Izzy A Bank Negara Malaysia (BNM) has decided to keep the Overnight Policy Rate (OPR) at 2.75 per cent, saying the country’s economy remains resilient and inflation moderate. Governor Datuk Seri Abdul Rasheed Ghaffour noted that the stable price environment, supported by easing global cost pressures, has allowed BNM to maintain its current stance at the latest Monetary Policy Committee…

61% of Malaysians Struggle to Raise RM1,000 for Emergencies Results from Bank Negara Malaysia (BNM)’s Financial Capability and Inclusion Demand Side Survey 2024 showed that 61 percent of Malaysians face difficulty to raise RM1,000 as emergency fund. This seems to have gotten worse as it was 52 percent in 2018 and 47 percent in 2021. Briefly, this meant that we have even more Malaysians who say…

Sources indicate the government is considering introducing a carbon tax at an initial rate of MYR15 per tonne, following Prime Minister Anwar Ibrahim’s earlier announcement in Budget 2025 that iron, steel, and energy companies will be subject to the levy starting 2026. Carbon Tax The move aligns with Malaysia’s broader sustainability agenda. Officials also noted that data centres currently…

Bank Negara Malaysia (BNM) now requires financial institutions to issue written notices to account holders whose bank accounts are closed under AMLA investigations. These notices must state the reason for closure and outline appeal rights, without revealing sensitive details that could compromise enforcement. BNM and Police Launching Protocol Deputy Finance Minister Lim Hui Ying said the move…