Bank Negara Malaysia (BNM)
Speech by the Governor of Bank Negara Malaysia
SPEECH - Speech by Y.Bhg. Tan Sri Dato' Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia at the Chartered Institute of Management Accountants (CIMA) Lecture 2001 at Mandarin Oriental, 17 September.
Malaysia concedes IMF role in Asia forex swap deal
MALAYSIA - Malaysia will bow to a majority decision on whether the IMF plays any role in an Asia-wide currency swap safety net aimed at protecting countries facing balance of payments problems, Prime Minister Mahathir Mohamad said.
Malaysia ex-cbank chief named Mahathir's adviser
MALAYSIA - Former Malaysian central bank governor Ali Abul Hassan Sulaiman has been named as a special economic adviser to Prime Minister Mahathir Mohamad, the official Bernama news agency said on Apr 16.
Malaysia Citibank's Noorazman to head LOFSA
MALAYSIA - Citibank's vice-president Noorazman Abdul Aziz has been appointed the new director-general of Labuan Offshore Financial Service Authority, or LOFSA, replacing Mohd Razif Abdul Kadir.
Malaysia cbank defends peg, explains reserves drop
MALAYSIA - The Malaysian central bank issued a statement on Apr 9, 2001 in defence of its ringgit/dollar fixed exchange rate after posting a six percent drop in its international reserves in Mar 2001.
Malaysia's cbank annual report-growth 6% in 2001
MALAYSIA - Malaysia's economy will expand by around 6% in 2001 with the help of the new 3 billion ringgit supplementary budget announced Mar 27, 2001, the central bank said in its annual report Mar 28.
S&P monitors impact of Malaysian financial plan
The Financial Sector Masterplan recently announced by Malaysia's central bank is expected to improve the global competitiveness of the country's financial services sector, but its benefits are unlikely to be immediate, said a Standard & Poor's press…
Labuan IOFC to be further developed-Bank Negara
Bank Negara Malasyia, the Malaysian central bank, in its Financial Sector Masterplan has made recommendations to further develop the Labuan International Offshore Financial Centre (IOFC) in three main areas of activity.
Malaysia bars new foreign banks until 2007
Malaysia's central bank said on Mar 1, 2001 no new foreign banks will be allowed to enter the domestic market until after 2007, giving local banks time to prepare for a decade of trade liberalisation.
Did the Malaysian Capital Controls Work?-Kaplan
Ethan Kaplan and Dani Rodrik from the National Bureau of Economic Research have written an article "Did the Malaysian Capital Controls Work?" Compared to IMF programs, the authors find that the Malaysian policies produced faster economic recovery,…
Malaysian ringgit peg not misaligned-c.bank chief
Malaysia's central bank chief said on Feb 22 the ringgit, fixed at 3.8 per dollar in 1998, was not misaligned and the country's private businesses believed the peg should be retained.
Dual banking system viable in Malaysia - Zeti Aziz
The dual banking system - the side by side Islamic and conventional banking operations approach - has proven to be workable in Malaysia although it may not be applicable or suitable for others, Bank Negara Malaysia Governor Dr Zeti Akhtar Aziz said on…
Islamic banking needs standardisation - Iran gov
Dr Mohsen Nourbakhsh, Iran's Central Bank (CBI) Governor, said that Islamic banking has a lot of work to do in raising its international banking standards. "We have to strengthen the different interpretations of Shariah Law in order to harmonize the…
BIS urges vigilance on asset bubbles
It's time for central bankers to get tough on bubbles, according to a top official at the Bank for International Settlements. Overly high stock and property prices should prompt central bankers to take interest rate action in the same way rising wage…
Bank Negara reappoints Citibank as main dealer
Citibank announced on Feb. 5, 2001, its re-appointment by Bank Negara Malaysia for the year 2001 as a Principal Dealer of Malaysian Government Securities, Treasury Bills, Bank Negara Bills, Cagamas instruments, Khazanah Bonds and other approved…
Asean members sign new swap agreement
The 10 Asean members signed a new Asean Swap Arrangement (ASA) in November, providing a total of US$1 billion of financial support, said Bank Negara Malaysia in a statement on Dec 29, 2000.
International reserve level still strong, says BNM
Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
Malaysia banks gear up to tie merger knot
Malaysia's most ambitious financial sector consolidation takes shape from January when most of its banks finally tie the knot in government-ordered unions to fight foreign competitors.
Zeti gives Dec. 31 as deadline for bank mergers
Bank Negara governor, Datuk Dr Zeti Akhtar Aziz said today that the December 31 deadline for bank mergers remained unchanged.
Malaysia can keep lid on interest rates - Zeti
Malaysia can keep a lid on interest rates because of its low inflation and monetary policy is likely to remain accomodative to growth, Bank Negara governor Zeti Akhtar Aziz said on Wednesday.