Page 7 - Monetary Review News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HOUSEHOLDS under the Poverty Line Income threshold have received the smallest percentage of government cash handouts in recent years, according to a government survey, underlining some of the deficiencies in Malaysia’s social protection system, including weak verification capacity and fragmented policies by multiple government agencies resulting in more than 60 such programmes. Indeed, the magnitude and scale of the Covid-19 pandemic has revealed critical gaps in the social protection system, in the form of its effectiveness, implementation as well as sustainability, and involves all pillar...

The central bank will be lifting the export conversion rule, which will allow resident exporters to manage their own export conversions according to their foreign exchange cash flow needs. Secondly, exports will be allowed to settle domestic trade in foreign currency with other resident corporates operating in the global supply chain. KUALA LUMPUR: Bank Negara has announced five new measures to further liberalise the foreign exchange policy (FEP) to allow greater flexibility for businesses and to foster a conducive environment in attracting foreign direct investment (FDI) to Malaysia. The cen...

PETALING JAYA: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has opted to maintain the Overnight Policy Rate (OPR) at 1.75%, as domesti...

Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus expects the domestic economy to be on a growth path in 2021.

As the country sought to contain the spread of the Covid-19 pandemic, the government tightened the travel curbs which impacted some of the industries. Malaysia’s economy shrank 3.4 per cent in Q4 2020 with the COVID-19 resurgence, bringing the full-year contraction to 5.6 per cent. KUALA LUMPUR: The 2021 economic outlook will be published in Bank Negara Malaysia's (BNM) annual Economic & Monetary Review report to be released next month, said governor Datuk Nor Shamsiah Mohd Yunus. "In accordance with tradition, we will firm up this year's growth forecast next month when we release our Econo...