Money

SRR cut a near-term positive for banks, NIM pressure

The lower SRR threshold is estimated to free up about RM7.4b in cash across domestic banking system
By SHAZNI ONG / Pic By MUHD AMIN NAHARUL THE recent ...
Ringgit

Ringgit opens higher against US dollar on American bond yield concerns

by BERNAMA/ pic by MUHD AMIN NAHARUL
THE ringgit opened higher against the US dollar today on concerns over US bond yields. At 9.10 am, the ringgit was ...

Ringgit could be set for a strong finish to 2019

By MARK RAO
THE ringgit is poised for further gains this year on the favourable US-Malaysia interest-rate differential, after emerging as the ...

BNM’s SRR cut to benefit banks

The central bank announces the SRR ratio will be reduced from 3.5% to 3% to maintain sufficient liquidity in the domestic financial system
By MARK RAO ...

Bank Negara cuts SRR rate to 3.00%

by RAHIMI YUNUS/ pic by TMR FILE
THE central bank announced today that the Statutory Reserve Requirement (SRR) ratio has been slashed from 3.50% to ...

Public Bank’s 3Q earnings feel impact of OPR reduction

by FARA AISYAH/ pic by BLOOMBERG
PUBLIC Bank Bhd’s net profit for the third quarter ended Sept 30, 2019 (3Q19), fell marginally to RM1.36 billion from ...

Ringgit rises to over 3-month high against US dollar on trade war hope

The local currency climb is a sudden reaction to news that US and China would phase in tariff rollbacks
by MARK RAO/ pic by BLOOMBERG THE ringgit ...

Distributing assets through a will

Personal finance matters are not just confined to managing one’s savings or investments, but includes passing on the inheritance assets
by SHAHEERA ...

BNM’s decision to maintain OPR provides relief to local banks’ NIM and ringgit

The stance of monetary policy remains accommodative and supportive of economic activity
by SULHI KHALID/ pic by MUHD AMIN NAHARUL BANK Negara Malaysia ...

Local banks must reinvent themselves or risk becoming irrelevant

Approximately two-thirds of banks in Malaysia are finding it challenging to generate sufficient returns above the cost of equity
By MARK RAO / Pic By ...

Forex market awaits BNM’s rate decision

The ringgit made significant ground against the greenback last Friday, appreciating 0.5% to trade as low as 4.1638 against the week prior
by MARK RAO/ ...

E-wallet players to consolidate by early next year

Consolidation is important in order to drive the growth of the industry since the cost of running an e-wallet service is relatively high
by S ...