Malaysia
Malaysian BNM international reserve at RM116.5 bln
MALAYSIA - Bank Negara's international reserves stood at RM116.5 billion as at 30 November, an increase of RM24 million from the level two weeks earlier, with trade and investment-related inflows maintaining their rising trend.
Singapore finalising licences for foreign banks
MALAYSIA - Singapore will announce the winners of the Qualifying Full Bank (QFB) and wholesale bank licences in the next few weeks, in a further move to open the domestic financial sector to foreign players, according to a report.
BNM commemorative coins for sale
MALAYSIA - Coin collectors interested in buying previous issues of commemorative coins produced by Bank Negara Malaysia will have the final chance to do so until year-end.
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 c bk campaign to promote Islamic banking
MALAYSIA - Malaysia's central bank said 15 August that it will organise a week-long nationwide campaign to promote Islamic banking and insurance from 26 Oct to 2 Nov.
Malaysia's finance minister resigns
Malaysia - Malaysian Finance Minister Daim Zainuddin ended weeks of speculation about his future on 2 June, quitting his post despite Prime Minister Mahathir Mohamad's apparent efforts to retain him.
Interview with Governor of Malaysian CB
SPEECH - The Governor of the Central Bank of Malaysia gave an Interview for the Banking Supplement 2001 of The Star newspaper on 30 April 2001. The Governor gave his views on the developments, challenges and opportunities facing the Malaysian banking…
Central bank denies meeting on ringgit
MALAYSIA - Malaysia's central bank has denied market rumours of any meeting or statement on the ringgit peg.
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.
GSIC cuts investments in tech companies
SINGAPORE - The Government of Singapore Investment Corp has reduced its interests in Malaysia's technology sector in the face of sluggish US demand for the country's electronics products.
Central Bank of Malaysia - Annual Report 2000
MALAYSIA - On Mar 28, 2001, Bank Negara Malaysia released its annual report for 2000. A list of content and a link to the annual report on the BNM website is available. There is a chapter in the report devoted to Malaysia's Finanical Sector Masterplan.
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.
BIS sets up Asia-Pacific consultative council
The Bank for International Settlements (BIS) said on Mar 12, 2001 it had set up an Asian Consultative Council comprising governors of its central bank members in the region.
Asian currency swap idea 'acceptable'-Manila c.bnk
The Philippines is basically happy with the concept of an Asian web of currency swaps aimed at fending off future financial crises and is forging ahead with discussions on terms, deputy central bank governor Amando Tetangco said on Mar 9, 2001.
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…