BNM Fines Three Banks RM7.29 Million for Breaches in Compliance and Tech Failures
Bank Negara Malaysia maintained the overnight policy rate (OPR) at 3.00%, unchanged since May 2023, aligning with the expectations of 24 out of 30 economists polled by Reuters. The central bank stated that the current OPR supports its inflation and growth outlook, with the Monetary Policy Committee (MPC) remaining vigilant to economic risks. Global growth and trade are expected to continue, driven by domestic demand, strong job markets, looser monetary policies, and government spending. However, uncertainties from new US tariffs, trade negotiations, and geopolitical tensions pose risks to global growth and could increase volatility in financial markets.
Paris Baguette Malaysia is now fully integrated under Singapore HQ, enhancing operations and regional strategy…
Malaysian enterprises must modernize infrastructure strategically to harness AI, enhancing resilience and reducing costs effectively.
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Malaysia's manufacturing sector returned to expansion in June as stronger orders and production lifted PMI…
Southern Cable secured a RM403.6 million TNB contract extension, lifting its order book above RM1…
Malaysia's benchmark index fell for a third session as cautious sentiment ahead of US payrolls…
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