SINGAPORE, March 30 (NNN-Bernama) — ASEAN and China must mitigate four risks moving forward to unlock further gains in their relationship, said Malaysian Minister of International Trade and Industry Tengku Zafrul Abdul Aziz. Speaking at the China Conference: Southeast Asia, an annual flagship conference organised by the South China Morning Post on Wednesday, the…

KUALA LUMPUR, March 29 (NNN-Bernama) —  Malaysia’s central bank, Bank Negara Malaysia (BNM), firmly believes that the global banking crisis, which saw the collapse of Switzerland’s second-largest bank, Credit Suisse, is unlikely to happen in Malaysia as banks in the country are still resilient in severe adverse scenarios. Governor Nor Shamsiah Mohd Yunus said…

KUALA LUMPUR, March 29 (NNN-Bernama) — Malaysia’s financial market conditions in the second half of 2022 (2H 2022) remained orderly amid heightened volatility in the global financial markets, Bank Negara Malaysia (BNM) said. The central bank, in its Financial Stability Review report for 2H 2022 released on Wednesday, said the…

KUALA LUMPUR, March 29 (NNN-Bernama) — Malaysia’s banking system remained well-capitalised throughout the second half of 2022 (2H 2022), bolstering the bank’s capacity to support lending activity and absorb unexpected losses. Bank Negara Malaysia (BNM) (central bank) in its Financial Stability Review for the 2H 2022 said the banking system’s total…

KUALA LUMPUR, March 29 (NNN-Bernama) — Malaysian ringgit experienced a period of sustained depreciation against the US dollar in 2022 amid the US Federal Reserve raising its policy interest rate aggressively by 425 basis points to address inflation, said Bank Negara Malaysia (BNM). In its Annual Report 2022 released Wednesday, the central…

By Karina Imran KUALA LUMPUR, March 29 (NNN-Bernama) — Malaysian ringgit extended its positive momentum to open slightly higher against the US dollar in the early session Wednesday, said an analyst.  At 9 am, the local note rose to 4.3940/3980 versus the greenback compared with Tuesday’s closing rate of 4.3990/4030. …

KUALA LUMPUR, March 29 (NNN-Bernama) — Bursa Malaysia, the stock exchange of Malaysia, moved into positive territory in the early trade on Wednesday as investors continued to put their money into energy, industrial products and services as well as banking stocks. A rebound in oil prices and easing fears about the banking crisis…