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Banks Should Form a Department to Work With Borrowers Before Foreclosure
It is a sad reality that more and more Malaysians are falling victim to foreclosure due to unfortunate circumstances and poor education and poor communicat...
BNM Says Malaysian Economy Will Rebound by 6.0% to 7.5% This Year
With a vaccine rolling out this year, the governor of Bank Negara Malaysia (BNM) reports that they forecast the economy will grow by 6.0% to 7.5% in 2021, ...
BNM Maintains OPR at 1.75%
There has been speculation whether Bank Negara Malaysia will cut the Overnight Policy Rate after reducing it by a total of 125bps last year, from 3.0% to 1...
Ultimate Guide to Homebuyer Incentives in Malaysia 2021
Are you looking to buy a home in Malaysia? Here is a complete guide to all the incentives that you might benefit from as a homebuyer!
OPR Maintained, No Further Cuts Until End-2021 Predicted
Bank Negara Malaysia (BNM) has announced that the Overnight Policy Rate (OPR) will be maintained at 1.75 per cent in a meeting yesterday. After the ...
Final 25bps OPR Cut Made by BNM as Early as September
Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’...
Base Rate vs BLR in Malaysia: How Does BR Work?
In January 2015, the Base Lending Rate (BLR) structure was replaced with a new Base Rate (BR) system. Under BR, which now serves as the main reference...
An Inside Scoop on Banking Mysteries From Former Regional Director of a Bank
Following the announcement of yet another drop in interest rates across banks in Malaysia, a Facebook live discussion was held last night, here at Urban Sp...
Most Frequently Asked Questions on Malaysia's Loan Moratorium
Bank Negara Malaysia announced an automatic six-month moratorium on all bank loans starting from April 1. Still not sure about it? Here are the answers you...
BNM Affordable Home Fund Has Helped 1,100 Buyers to Date
The RM1 billion Bank Negara Malaysia Fund for Affordable Housing has subsidised 1,100 home purchasers as at September, according to the central bank's dire...
Budget 2020 to Lighten Pressure on BNM to Pursue Another Rate Cut in 2019
UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is ex...
Monetary Policy Statement
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent. ...
Bank Negara Expands Eligibility Criteria for RM1B Fund for Affordable Homes
Bank Negara Malaysia (BNM) has expanded the eligibility criteria for first time home buyers looking to buy a house via the RM1 billion Fund for Affordable ...
Banks' Interest Rate After BNM's 2019 OPR Cut
The Overnight Policy Rate (OPR) is an overnight interest rate set by Bank Negara Malaysia (BNM). It is a rate a borrower bank has to pay to a leading bank ...
BNM in Midst of Setting Up Financial Threat Intelligence Platform, Says Governor
Bank Negara Malaysia (BNM) is in the midst of setting up a Financial Threat Intelligence Platform to better equip Malaysia against cyber threats in the age...
Malaysia Does Not Practise Unfair Currency Practices
Bank Negara Malaysia (BNM) said Malaysia supports free and fair trade and does not practise unfair currency practices. This statement is made after Malaysi...
BNM to Boost Market Accessibility, Liquidity
Bank Negara Malaysia (BNM) has announced several initiatives for the foreign-exchange (forex), derivative and repurchase agreement (repo) markets to improv...
Bank Muamalat Lowers Base Rate and Base Financing Rate
Bank Muamalat Malaysia Bhd is reducing its base rate (BR) and base financing rate (BFR) by 25 basis points from 4.06% and 7.06% annually to 3.81% and 6.81%...
RHB Lowers Base Rate and Basic Lending Rate by 20 Basis Points Following OPR Cut
RHB Banking Group said it has revised its base rate (BR) and base lending rate (BLR) by 20 basis points effective May 13, following the cut in the overnigh...
First Time in Nearly 3 Years, Malaysia Cuts Key Rate to 3%
The recent spike in trade tensions between Washington and Beijing is likely to have concerned policymakers at the bank. Many Asian economies, such as Indon...
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