Malaysia
Bank Negara Malaysia consults on money laundering
Bank Negara Malaysia is consulting before invoking the Anti-Money Laundering Act 2001, reports The Edge Daily. Speaking at the Asean Anti-Money Laundering Workshop on July 28, governor Dr Zeti Akhtar Aziz said the consultations undertaken by its Finance…
Zeti: Malaysia's growth exceeded expectations
Speaking on Monday 27 July, Bank Negara Malaysia governor Zeti Akhtar Aziz said that second-quarter economic growth has exceeded government expectations and the underlying trend is intact, according to Associated Press.
Malaysia PM - Reserve level up to central bank
Malaysian prime minister Mahathir Mohamad has said that the level of reserves the country's central bank holds is up to it to decide. "I think Bank Negara is managing its reserves very well," he said, as reported by the New Straits Times.
Malaysia plans Islamic licences for foreign banks
Bank Negara Malaysia Governor Zeti Akhtar Aziz said in a statement on Monday 2 June that following the faster-than-expected development of Islamic banking in Malaysia the bank plans to issue new Islamic banking licences to foreign banks, according to Dow…
Zeti reappointed Malaysia's cen bank chief: report
Reports on Sunday 11 May from ChannelNewsAsia said that Malaysia's central bank chief Zeti Akhtar Aziz has been reappointed for another three-year term. A spokesman said the King was pleased with Zeti's work in leading Bank Negara which has brought…
Malaysia's central bank governor's term extended
The governor of Malaysia's central bank Datuk Dr Zeti Akhtar Aziz has been reappointed for another three year term. The move reinforced confidence of the political leadership in Dr Zeti's stewardship of the central bank, The Star Online quoted sources as…
Bank Negara Malaysia - Annual Report 2002
The Central Bank of Malaysia has published its Annual Report for the year ended 2002.
ABM lauds Bank Negara monetary measures
Malaysia's Association of Banks has praised measures set out by the central bank governor in the 2002 Annual Report. It said the steps would help maintain growth and support business activity.
Bank Negara: Equal emphasis on supply-side
Publishing its annual report for 2002, the central bank of Malaysia said the conduct of monetary policy would focus primarily on ensuring favourable conditions on cost, market liquidity and accessibility, the Edge Daily reports
IFSB appoints Rifaat as first secretary-general
MALAYSIA - The newly established Islamic Financial Services Board (IFSB) has appointed Prof Rifaat Ahmed Abdel Karim as its first secretary-general for a three-year term.
Bank Negara set to host IFSB seminar
MALAYSIA - Malaysia's central bank, Bank Negara Malaysia, is hosting a two-day seminar on Islamic Financial Services Board (IFSB) on 3-4 November in Kuala Lumpur.
Malaysia pushes for 'gold dinar'
MALAYSIA - Malaysia will set up a secretariat to study and promote the use of the gold dinar as currency for international trade if the cabinet agrees, Prime Minister Mahathir Mohamad said yesterday.
Malaysian gov't presses ahead on use of gold dinar
MALAYSIA - The government will set up a secretariat to study and promote the use of the gold dinar as currency for international trade if the cabinet agrees, Prime Minister Dr Mahathir Mohamad said today.
'Fingerprint' card system test in Malaysia
MALAYSIA - MasterCard International is testing an antifraud system meant to detect counterfeit payment cards by reading the properties and orientation of the microscopic particles in a magnetic stripe.
Bank Negara reserves reach 2-year high
MALAYSIA - Bank Negara Malaysia's international reserves reached their highest level in two years to RM127.7 billion when they jumped RM3.6 billion at the end of June.
Malaysia to introduce smart cards next year
MALAYSIA - While commercial banks will reimburse those who had money illegally withdrawn from automated teller machines, Bank Negara has directed banks to replace magnetic strips with chip technology from next year.
Speech by Zeti Akhtar Aziz, B.N. Malaysia, 29 May
SPEECH - Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, gives a keynote address titled 'The Malaysian banking industry - gearing up for excellence' on AAOIFI's Accounting Standards at the 2nd Seminar For Central Banks and Monetary Agencies.
Malaysia's cb governor says growth will continue
MALAYSIA - After two consecutive quarters of negative growth, the Malaysian economy turned around to record a healthy 1.1% growth in the first quarter of this year. Growth was driven by the strong consumption and improved external demand, said Bank…
Islamic financial services board to be based in KL
MALAYSIA - Malaysia will host the Islamic Financial Services Board (IFSB), which is tasked with setting international prudential standards for Islamic financial instruments, and Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been appointed…
Malaysian central bank's reserves at US$32.5 bn
MALAYSIA - Bank Negara Malaysia (BNM) said its international reserves stood at RM123.5 billion (US$32.5 billion) as at April 15 2002, which is sufficient to finance 5.5 months of retained imports.
Malaysian shares up ahead of c bank annual report
MALAYSIA - Malaysian shares closed up Wednesday ahead of the central bank's 2001 annual report release.
Crucial factors for online banking
MALAYSIA - In order to provide Internet or online banking, banks operating in Malaysia are required by Bank Negara (BNM) to employ the services of a well mandated or a trusted security system.
Speech by John Townend of the Bank of England
SPEECH - In the speech Townend acknowledged that "the sterling exchange rate is clearly overvalued, at least against the euro". But he went on to insist that a fall in its value would create inflationary pressures.
Yen's fall risks Malaysia devaluation
MALAYSIA - Malaysia's Prime Minister Mahathir Mohamad has said his country may be forced to devalue the ringgit, if the Japanese yen continues to decline in value.