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As biodiversity loss accelerates, there's a growing push to get financial institutions to take responsibility. In Malaysia, Bank Negara has announced plans to adopt nature-related risk assessments inspired by the Taskforce on Nature-related Financial Disclosures or TNFD, which is a global initiative that provides a framework for companies and financial institutions to report and manage nature-related risks and impacts. But how effective — or even fair — is this framework? Shona Hawkes, a Senior Advisor on Finance at the Rainforest Action Network, joins us to explore why many environmental and rights groups are deeply concerned about the TFND, and why they believe its practices could open the door to more corporate greenwashing.Image Credit: Forests & Finance | YouTubeSee omnystudio.com/listener for privacy information.
Our central bank, Bank Negara Malaysia, is in charge of adjusting the Overnight Policy Rate (OPR), but what is the OPR? How does it work, and how does the central bank decide whether to increase, decrease, or maintain the OPR? Amy Ghani, Senior Economist at Bank Negara reveals some of the inner workings of our central bank regarding monetary policy.Image Credit: shutterstock.com
Last week Bank Negara released the latest banking statistics. What does it reveal about the state of households, businesses and even the economy? Nabil Thoo, Analyst, RHB Investment Bank tells us whilst giving us a preview of banking stock earnings and what his top picks are.Image Credit: shutterstock.com
Co-opbank Pertama is Malaysia's first co-operative bank set up in 1950 but only having received its deposit-taking license from Bank Negara in 2014. Its CEO Khairil Anuar Mohammad Anuar, shares the bank's growth plans that he initiated when he took over the helm in 2021, while ensuring CBP's members continue to receive attractive dividends.
Asian markets rallied today; Malaysia expects to sign deal with Singapore in September on Special Economic Zone; Bank Negara holds key rate as subsidy cuts pose inflation risks; Thai consumer confidence hits nine-month low in June on economic, political concerns. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day's market movements and news from Singapore and the region. Written and hosted by: Emily Liu (emilyliu@sph.com.sg) Recording engineer: Joann Chai Pei Chieh Produced and edited by: Lee Kim Siang & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media --- Follow Market Focus Daily and rate us on: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Google Podcasts: bt.sg/mfgo Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt WealthBT at: bt.sg/btpropertybt PropertyBT at: bt.sg/btmktfocus BT Money Hacks at: bt.sg/btmoneyhacks BT Podcasts at: bt.sg/podcasts BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.
Asian markets mixed as Fed meets tonight; Bank Negara is exploring ways to stabalise the ringgit; Johor Plantations Group to raise RM735 million in Malaysia's largest IPO in two years. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day's market movements and news from Singapore and the region. Written and hosted by: Emily Liu (emilyliu@sph.com.sg) Recording engineer: Joann Chai Pei Chieh Produced and edited by: Lee Kim Siang & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media --- Follow Market Focus Daily and rate us on: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Google Podcasts: bt.sg/mfgo Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt WealthBT at: bt.sg/btpropertybt PropertyBT at: bt.sg/btmktfocus BT Money Hacks at: bt.sg/btmoneyhacks BT Podcasts at: bt.sg/podcasts BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.
Malaysians continue to call for better remuneration as the cost of living continues to accelerate. This comes as the current minimum wage remains markedly below what Bank Negara categorises as a living wage, an income level needed for a household to afford a minimum acceptable living standard. Dr Bawani Lelchumanan, a senior lecturer with the Department of Economics & Finance at Sunway Business School as well as J Solomon, the secretary-general of the National Union of Bank Employees discuss the issues.Image Credit: Shutterstock.com
Bank Negara hopes its Financial Inclusion Framework 2023 to 2026 will result in affordable financial products and services available to all segments of Malaysian society, regardless of geographical location or income level. The key here is to expand digital financial services. Vincent Fong, Chief Editor of Fintech News Malaysia looks at the developments so far.
Despite slowing GDP growth, Bank Negara's Monetary Policy Committee (MPC) held interest rates at 3% for the fifth consecutive meeting. How is the central bank factoring in economic headwinds into its decision-making and what levers do they have to tackle the weak Ringgit? We discuss this with Adnan Zaylani Mohamad Zahid, Deputy Governor of Bank Negara.
Bank Negara's Monetary Policy Committee has decided to maintain the Overnight Policy Rate at 3% for its fifth consecutive meeting; it last raised it by 25 basis points in May 2023. Meanwhile, BNM also believe the ringgit is currently undervalued. Julia Goh, a senior economist at UOB helps us unpack the implications of the decision and comments in the official statement that followed.Image Credit: Shutterstock.com
In this episode of our Week Ahead podcast series, we look at the main themes driving global markets over the coming week. In North America (01:16), we have ISM and Payrolls, testimony from Fed Chair Powell and a Bank of Canada policy meeting. In Europe (05:19), the focus will be on the European Central Bank meeting and post-meeting press conference with ECB president Lagarde. And then it's the latest from Asia (10:34), with inflation and earnings data in Japan, China aggregate financing and RBM loan growth, Korea industrial production and CPI, Australia GDP and the Bank Negara policy meeting.
Singapore stocks down as traders await US inflation data; Bank Negara says ringgit should appreciate this year; Hong Kong cracks down on crypto shops and exchanges. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day's market movements and news from Singapore and the region. Written and hosted by: Emily Liu (emilyliu@sph.com.sg) Recording engineer: Joann Chai Pei Chieh Produced and edited by: Lee Kim Siang & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media — Follow BT Market Focus and rate us on: Channel: bt.sg/btmktfocus Apple: bt.sg/mfap Google: bt.sg/mfgo Spotify: bt.sg/mfsp Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt WealthBT at: bt.sg/btwealthbt BT Money Hacks at: bt.sg/btmoneyhacks PropertyBT at: bt.sg/btpropertybt BT Podcasts: bt.sg/pcOM BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.
Bank Negara maintained the overnight policy rate at 3.0% following its first Monetary Policy Committee meeting of 2024, meaning no change since May 2023. Ray Choy, Chief Economist at Malaysian Rating Corporation analyses how this might affect the FBM-KLCI, the value of the ringgit and the overall Malaysian economy.Image credit: Shutterstock.com
To date, of the five licences for digital banks granted by Bank Negara, one has officially launched, while two others recently got the greenlight to start operating. That leaves two more, including the KAF Investment Bank-led consortium that comprises Carsome, Jirnexu and MoneyMatch. Thariq Ahmad is the Deputy CEO of KAF IB, breaks down where their digital bank is heading and if they can meet the BNM deadline to be up and running by the end of Q1.
Join Aishah, RD, and Prem on today's #RediscoveringKL adventure as they visit Bank Negara museum!
As widely expected, Bank Negara maintained the overnight policy rate at 3% in its final meeting of the year. There has been no change to the rate since the last hike in May and with inflation at benign levels, it wasn't a surprise. But there is competing interest with the ringgit, one the worst performing currencies in the region whilst growth is slowing. What then does this mean for our monetary policy? Woon Khai Jhek, Head of Economic Research and Senior Economist at RAM Ratings tells us.Image credit: Shutterstock.com
As digital transformation gets more complex and personal information continues to be in high-demand by cyber criminals, there has never been a more critical time for financial service institutions to reinforce their identity security. Last year, Bank Negara set out a blueprint for the financial sector in identifying five strategic thrusts that will be the key enabler for Malaysia's digitalisation plan including advancing digitalisation of the financial sector. With 93% of financial institutions reporting a data breach within the last two years, modernising identity security programs is no longer a nice-to-have, it's business essential. We speak with Chern-Yue Boey, SailPoint's Senior Vice President, APAC, about the topic of The state of identity security 2023: A spotlight on financial services.
KS menyentuh tentang Gelombang Hijau atau Green Wave yang melanda negara, Gabenor Bank Negara baharu. Apa yang dibincangkan KJ semasa bertemu Tan Sri Muhiyiddin Yassin? Apakah pula peranan KJ dalam mesyuarat halatuju ekonomi bersama PMX baru-baru ini?
Laporan berita padat dan ringkas #AWANI745 bersama Nailah Huda Tumpuan #AWANI745 malam ini: Kerajaan tunggu keputusan Bank Negara ... berhubung dasar monetari. SPRM percaya Jho Low sembunyi di Macau. Tiada usaha tawar Pas sertai kerajaan, kata Zahid. Sembilan kawasan di Malaysia, catat cuaca panas tahap berjaga-jaga. #AWANInews
This analysis explores the recent aggressive round of interest rate hikes by central banks worldwide in response to soaring inflation and geopolitical tensions, with a focus on the US Federal Reserve, Bank Negara, and the European Central Bank.
After 3 very challenging years, no thanks to the pandemic, has Tune Protect finally turned to corner? What are the growth strategies, why do they want to be part of the Bank Negara's financial sandbox and does being associated with Air Asia work against them. Questions we pose to Rohit Nambiar, Group CEO, Tune Protect whilst asking him if the market underappreciates the stock.
Since 2020, the US Federal Reserve has been raising the federal funds rate to 4.75-5% in an attempt to tame the rampant inflation that has reached 40-year highs. As a result central banks all around followed suit and raised their interest rates as well putting an end to the era of ultra low rates which saw many making money in equity markets and properties. In Malaysia, Bank Negara has been raising the overnight policy rate to 2.75% from 1.75% in 2020, the lowest level on record. Chong Jin Yoong shares his thoughts on why the governments are raising rates and how it impacts your money.
Laporan berita padat dan ringkas #AWANI745 bersama Luqman Hariz yang bersiaran di Dataran Putrajaya. Tumpuan #AWANI745 malam ini: - Khabar angin Melaka bakal terima Ketua Menteri baru Jumaat ini? - Untung bersih Bank Negara merosot hampir separuh. - PM umum Bantuan Khas Aidilfitri RM200 untuk penoreh getah, pesawah dan nelayan. - Harga siling ayam dan telur dimuktamadkan esok.
The consortium comprising Boost and RHB Bank is one of 5 digital banks in Malaysia licenced by Bank Negara back in April 2022 and before 2023 ends, we should expect to see the result of this partnership. Sheyantha Abeykoon, Group CEO of Boost, returns to the Breakfast Grille to update us on the fintech player's path to profitability and the challenges of navigating this new, all online, playing field.
Tumpuan #AWANI745 malam ini: - Perdana Menteri cadang tubuh Tabung Kewangan Asia. - Tiada kemelesetan ekonomi pada tahun ini, tegas Bank Negara. - Kerajaan laksana semula platform pemudah, percepatkan urusan perniagaan. - Bermula hari ini, pemilik kenderaan persendirian, tidak perlu papar cukai jalan dan lesen memandu. #AWANInews
Pensyarah Kanan Pusat Pengajian Ekonomi, Kewangan & Perbankan, UUM, Prof Madya Dr Irwan Shah Zainal Abidin mengulas pengumuman KDNK suku keempat 2022 yang diumumkan Bank Negara.
Menurut The Edge, Bank Negara Malaysia (BNM) akan menaikkan Kadar Dasar Semalaman (OPR) kepada 3.00 peratus daripada 2.75 peratus. Ketua Jabatan Ekonomi dan Penyelidikan KWSP, Dr Afzanizam Abdul Rashid, mengulas lanjut perkara ini bersama Penyampai #NiagaAWANI, Nina Rozman.
As widely expected, Bank Negara raised the overnight policy rate yesterday by 25 bps, bringing the OPR rate to 2.75%. But with the Fed warning of a higher peak Fed Funds Rate, can BNM continue its gradual increase in interest rate or does it need to adopt a more aggressive stance? We discuss implications of monetary policy tightening with economist Firdaos Rosli. Image credit: Shutterstock
According to police statistics, more than 71,000 scams amounting to over RM5.2 billion in losses were reported between 2020 and May 2022. In response, Bank Negara is introducing a slew of initiatives to curb financial scams, including instructing banks to migrate away from SMS OTP authentication. How effective are these measures? We get reactions from Munira Mustaffa of Chasseur Group.Image credit: Shutterstock
According to police statistics, more than 71,000 scams amounting to over RM5.2 billion in losses were reported between 2020 and May 2022. In response, Bank Negara is introducing a slew of initiatives to curb financial scams, including instructing banks to migrate away from SMS OTP authentication. How effective are these measures? We get reactions from Munira Mustaffa of Chasseur Group.Image credit: Shutterstock
The Monetary Policy Committee of Bank Negara Malaysia has once again increased the overnight policy rate by 25 basis points, bringing it from 2.25% to 2.50%. Bank Negara has been gradually hiking rates from the low rate environment during the pandemic in a bid to fight rising inflation. With more hikes likely to happen in the future, Sim Wie Boon speaks to Felix Neoh, Director of Financial Planning, Finwealth Management to understand how the OPR hikes impact your finances.
The Monetary Policy Committee of Bank Negara Malaysia has once again increased the overnight policy rate by 25 basis points, bringing it from 2.25% to 2.50%. Bank Negara has been gradually hiking rates from the low rate environment during the pandemic in a bid to fight rising inflation. With more hikes likely to happen in the future, Sim Wie Boon speaks to Felix Neoh, Director of Financial Planning, Finwealth Management to understand how the OPR hikes impact your finances.
With inflation at 4.4% in July and the strong outflows, is Bank Negara forced to raise rates? Wan Suhaimie, Head of Economic Research, Kenanga Investment Bank gives us his views whilst commenting on the recent Ringgit weakness.
With inflation at 4.4% in July and the strong outflows, is Bank Negara forced to raise rates? Wan Suhaimie, Head of Economic Research, Kenanga Investment Bank gives us his views whilst commenting on the recent Ringgit weakness.
With talk that the Federal Reserve potentially cutting rates in 2023, what does this mean for Bank Negara's monetary normalisation program? We speak to Jesse Liew, Chief Investment Officer, Fixed Income ASEAN at Principal Southeast Asia for answer and what does this mean for the Malaysian bond market.
With talk that the Federal Reserve potentially cutting rates in 2023, what does this mean for Bank Negara's monetary normalisation program? We speak to Jesse Liew, Chief Investment Officer, Fixed Income ASEAN at Principal Southeast Asia for answer and what does this mean for the Malaysian bond market.
We ask Suhaimi Ilias, Chief Economist at Maybank Investment Bank on whether the Government can afford an expansionary budget following Bank Negara releasing the 2nd quarter GDP figures last Friday that beat consensus expectations with the country's economy growing by 8.9%
AMONG the headlines for Friday, August 12, 2022, Bank Negara Malaysia earlier today said, the nation's payment systems remain secure despite a potential data breach announced by payment gateway service provider iPay88 (M) Sdn. Bhd. According to the central bank, forensic investigations are still ongoing. In a statement, Bank Negara said the breach originated from and is confined to iPay88's payment card systems and does not involve vulnerabilities in the banks' systems. Also, South Korea's Ministry of Justice said, Samsung Electronics vice chairman Jay Y. Lee will receive a presidential pardon on Monday. The pardon will erase Jay's criminal record from his 2017 conviction, paving the way for the heir to the country's biggest company to regain power at the top. The special pardon will enable him to officially participate in management, restoring his right to work at the giant tech company. Listen to the top stories of the day, reporting from Astro AWANI newsroom — all in 3-minutes. We bring you the headlines, weekdays at 5 pm. Stay informed on astroawani.com for these news and more.
Interest rates are on the way up as central banks across the Asia Pacific use this tool to tame inflation. In Malaysia, Bank Negara has increased the Overnight Policy Rate twice so far this year from 1.75% in July 2020 and is now 2.25%. The ringgit has however softened - it is at its all-time weakest against the Singapore dollar. Willie Tanoto, Director at Fitch Ratings' Asia-Pacific Financial Institutions team explains what rate hikes can achieve.
Bank Negara has had to raise interest rates to combat rising inflation, which is already a global phenomenon. This however impacts the people because with higher interest rates, financing costs go up - more expensive home loans, vehicle loans, credit card loans etc. Lower income households are particularly hit, especially those still reeling from the Covid-19 pandemic impact. Jason Loh, Head of Social, Law and Human Rights at EMIR Research, believes there may be a solution that can help the B40 while keeping inflation under control.
Blockchain, Bitcoin, NFTs, what do all these mean? The world has seen a growing trend and hype for the use of digital assets, and Malaysia has also hopped on the same bandwagon. The everyday consumer is now considering investment decisions that they otherwise would not have, hoping to earn a profit by the side. With all these unknown variables, we seek to debunk some myths and explore some concepts of digital assets with our country's money expert - Bank Negara. Today, we speak to Mr Yip Kah Kit and Ms Norasyikin about it. Host: Yaann Tan Team: Wong Yit Xiang, Quek Chia Seng, Lim Ee Vi, Audrey Tan, Alya Shahrina Links mentioned in the podcast: BNM Box Article: https://www.bnm.gov.my/documents/20124/6458991/ar2021_en_box1.pdf Project Dunbar Report: https://www.bis.org/publ/othp47.pdf
We discuss the importance of keeping institutions independant with economist Dr Nungsari Radhi off the back of the recent news that the newly created Special Task Force on Jihad Against Inflation has asked Bank Negara to explain its reasons for raising the Overnight Policy Rate by further 25 basis points to 2.25%. Dr Nungsari shares his concerns regarding the possibility of the government meddling in decisions made by independent institutions and just how effective the task force has been in addressing inflation. Image credit: Shutterstock
Suhaimi Ilias, Chief Economist of Maybank Investment Banking Group shared with Ibrahim Sani, key economic data that follows the OPR rate hike by Bank Negara.
Bank Negara's Monetary Policy Committee raised the overnight policy rate (OPR) by 25 basis points in June, marking the first back-to-back rate hikes since the mid-2010s. What implications will this have for the Malaysian economy? We discuss with economist Dr. Carmelo Ferlito.Image Credit: Shutterstock.com
Amy Wong from Knight Frank shares her perspective on how property prices will evolve amid the higher cost of building materials, the recent rise in OPR rates by Bank Negara, and inflation concerns.Image credit: Shutterstock.com
With inflation at record highs, what policy options does Bank Negara have and should out of the box options be considered? Woon Khai Jhek, Senior Economist at RAM Ratings weighs in and also discusses the possibility of stagflation.
Malaysia's first quarter GDP recorded a higher than expected 5% growth, compared to the 3.9% projected by MARC. Firdaos Rosli, Chief Economist at MARC breaks down the data for us and also shares his thoughts on Bank Negara's monetary policy tightening, as well as his expectations for further rate hikes in the remainder of 2022. Image credit: Shutterstock.com
According to Bank Negara's recently published 2021 annual report, Malaysian households have nearly 1.38 trillion ringgit worth of debt and a chunk of it are due to personal loans. Sim Wie Boon speaks to Idham Idris of Wealth Vantage Advisory to understand why people take it and get his thoughts on when personal loans are a good idea as well as when they are not. They also discuss the dangers of personal loans and how easy it can lead you into a debt trap. Image credit: Pixabay.com
Bank Negara's Financial Stability Review for Second Half of 2021 report revealed that household debt grew at a slower pace of 4.1% year-on-year as at December 2021 and the household debt-to-GDP ratio declined to 89%, however our household debt remains on the higher end as compared to our peers in this region. But what can we do to lift ourselves out of this debt situation? Dr Juita Mohamad, Director of Economics and Business Unit and Acting Director of Research of IDEAS shares her thoughts with us. Image credit: Shutterstock.com
Scams have been rising lately in Malaysia with complaints about financial fraud, especially Internet, investment and phone scams being the top five issues raised by the public in Bank Negara's 2021 Annual Report. In fact, according to the Selangor police, a whopping 33.7 million ringgit was lost to online scams and cyber crimes in Selangor in the first two months of 2022 alone. Sim Wie Boon speaks to Kevin Neoh of VKA Wealth Planners on how to spot scams and what to do when you find yourself falling for one. Image credit: Shutterstock.com
Laporan berita padat dan ringkas #AWANI745 bersama Luqman Hariz dan Nailah Huda Tumpuan #AWANI745 malam ini: - Rizab antarabangsa Bank Negara turun USD116.1 bilion - Sasaran satu keluarga, satu rumah, misi rumah mampu milik - Cadangan kad warga asing diperluaskan. #AWANInews #KitaReset #JomCucukVaksin
Bank Negara dijangka memulakan mesyuarat dasar monetarinya selama dua hari, bermula Khamis. Para penganalisis menyatakan Bank Pusat cenderung untuk mengekalkan kadar faedah semalaman pada 1.75 peratus. Umum maklum yang data Julai adalah sedikit rendah susulan PKP yang ketat dilakukan pada ketika itu. Untuk membincangkan berkenaan kadar OPR dan data semasa, kita bersama, Ketua Pakar Ekonomi Alliance Bank Manokaran Mottain
Ethan F. Becker is president and second-generation communication coach for the Speech Improvement Company, one of America's oldest communication coaching and training firms. He has worked with executives at YouTube, the New York Giants, Apple, the F.B.I., Harvard University, and more. In this episode, Jason Marc Campbell and Ethan F. Becker share clear advice you can use right away and simple strategies to practice during your next meeting or one-on-one conversations. Dr. Ethan F. Becker is the President of The Speech Improvement Company Inc., which has helped over 1 million people worldwide and is known for founding the executive communication coaching industry in the 1960s. As a second-generation speech coach, Ethan has spent his entire life studying and teaching human communication. He helped people to lead, manage, and influence through oral communication skills. To speak with confidence from the mechanics of speech to the psychology of communication. He specializes in areas such as controlling nervousness, developing style, leadership, and sales communication. Ethan is the co-author of the international bestseller "Mastering Communication at Work, how to lead, manage and influence." It features interviews from Harvard Business School, The White House, Bank Negara, Google, TED, EMI publishing, Boston Scientific, and more. The book also became an Amazon #1 best seller in 13 categories and is now used globally in business schools and companies. Listen out for: - The most common communication fears. - How to become better at public speaking. - How your fears affect your communication skills. - 4 areas that contribute to the fear of speaking. Bonus: - Subscribe to 'Mindvalley Membership' to discover 30+ Mindvalley Quests – at a surprisingly low annual fee. You can also watch our podcast sessions live, interact with the guests, connect with the world's best teachers and find your community here
Arena perbankan digital semakin hangat dari hari ke hari. Selepas penutupan penerimaan borang permohonan, kini Bank Negara dalam proses menilai segalanya, sebelum mengumumkan sehingga 5 penerima lesen bank digital di Malaysia pada awal 2022 kelak. Selain daripada itu, pada episod kali ini juga kami membincangkan berkenaan OYO yang dikatakan sedang dalam perbincangan menerima pelaburan daripada pihak Microsoft, selain berkenaan watak pelakon Black Widow yang menyaman Disney+.
Khoon Goh, Head of Asia Research at ANZ Bank, talks about why he wasn't surprised at BNM keeping rates at 1.75%, the factors behind the Ringgit's weakness and Malaysia's expected 2021 growth rates. Image Credit: Ismail Sadiron Pictures / Shutterstock.com
Bank Negara pada awal Julai lapor terima 29 permohonan untuk Lesen Bank Digital di bawah Akta Perkhidmatan Kewangan 2013 dan Akta Perkhidmatan Kewangan Islam 2013. Tempoh pandemik ini saksikan lebih banyak pengguna menggunakan produk perbankan digital untuk melakukan urusan perbankan mereka dan lakukan transaksi. Namun apakah cabaran perbankan digital untuk bank di Malaysia sekarang dan bagaimanakah peluang dan persaingan yang wujud daripada syarikat ‘fintech' lain? Saksikan temubual Editor Astro AWANI, Rizal Zulkapli dan Pengarah Serantau untuk Asia, Backbase, Riddhi Dutta, Ketua Pegawai Strategi Kumpulan RHB, Dr Siew Chan Cheong dan Ketua Pegawai Eksekutif CIMB Digital Assets dan Ketua Pegawai Eksekutif Kumpulan Touch ‘N Go, Effendy Shahul Hamid.
Bank Negara pada awal Julai lapor terima 29 permohonan untuk Lesen Bank Digital di bawah Akta Perkhidmatan Kewangan 2013 dan Akta Perkhidmatan Kewangan Islam 2013. Tempoh pandemik ini saksikan lebih banyak pengguna menggunakan produk perbankan digital untuk melakukan urusan perbankan mereka dan lakukan transaksi. Namun apakah cabaran perbankan digital untuk bank di Malaysia sekarang dan bagaimanakah peluang dan persaingan yang wujud daripada syarikat ‘fintech' lain? Saksikan temubual Editor Astro AWANI, Rizal Zulkapli dan Pengarah Serantau untuk Asia, Backbase, Riddhi Dutta, Ketua Pegawai Strategi Kumpulan RHB, Dr Siew Chan Cheong dan Ketua Pegawai Eksekutif CIMB Digital Assets dan Ketua Pegawai Eksekutif Kumpulan Touch ‘N Go, Effendy Shahul Hamid.
With an EMCO imposed in Selangor and parts of KL, will this have an impact on the Malaysian economy since both contribute disproportionately to the GDP? Abdul Mui’zz Morhalim, Economist at MIDF Research gives us his views and if Bank Negara will cut the OPR at the next MPC. Image credit: Shutterstock.com
Akta perkhidmatan kewangan 2013 dan Akta Bank Negara 2009, memberikan kuasa untuk Bank Negara Malaysia, menetapkan polisi kewangan berkaitan pemberian moratorium. Presiden Dewan Perdagangan dan Industri ASEAN, Datuk Sohaimi Shahadan berkata, ordinan darurat (kuasa-kuasa perlu) 2021 juga memberi kuasa kepada kerajaan untuk pinda undang-undang berkaitan bantuan kewangan itu.
Akta perkhidmatan kewangan 2013 dan Akta Bank Negara 2009, memberikan kuasa untuk Bank Negara Malaysia, menetapkan polisi kewangan berkaitan pemberian moratorium. Presiden Dewan Perdagangan dan Industri ASEAN, Datuk Sohaimi Shahadan berkata, ordinan darurat (kuasa-kuasa perlu) 2021 juga memberi kuasa kepada kerajaan untuk pinda undang-undang berkaitan bantuan kewangan itu.
Bank Negara Indonesia merupakan tempat yang penting untuk kegiatan ekonomi di seluruh Indonesia. Bagi kamu yang ingin bekerja di Bank Negara Indonesia boleh banget nih cek podcastnya. Bersama Aisyah Wara K sebagai Region Business Reviewer, kita bisa melihat seluk beluk Bank Negara Indonesia. Tunggu apa lagi? Yuk simak podcastnya!
Bank Negara predicts Malaysia will achieve gross domestic product (GDP) growth of between 6.0 percent and 7.5 percent in 2021. Jayant Menon gives his analysis on this positive forecast, what might drive economic recovery and how MCO 3.0 factors into the equation.Image Source: Gwoeii, Shutterstock
In its recent BNM’s Financial Stability Review for Second Half 2020 report, Bank Negara has warned that unsold properties in the country have remained at an elevated level as at end-2020. Sim Wie Boon talks to Cha-Ly Koh of Urbanmetry on the issue of overhang, pricing and just what is needed to be done to address the situation we’re in. Image credit: Shutterstock.com
Ahead of the announcement on the latest GDP data from Bank Negara, we speak to Firdaos Rosli, Chief Economist at the Malaysian Ratings Corporation (MARC), on his expectations for the economy in 2021. MARC forecasts that the overall GDP in 2020 will contract by 5.7%, with a rebound of 5.6% growth in 2021. Image Credit: Abdul Razak Latif / Shutterstock.com
Ahead of the announcement on the latest GDP data from Bank Negara, we speak to Firdaos Rosli, Chief Economist at the Malaysian Ratings Corporation (MARC), on his expectations for the economy in 2021. MARC forecasts that the overall GDP in 2020 will contract by 5.7%, with a rebound of 5.6% growth in 2021. Image Credit: Abdul Razak Latif / Shutterstock.com
Malaysia’s Q3 GDP rebounded significantly from the second quarter, but will the ongoing CMCO stall Malaysia's path to recovery? The improved performance in Q3 largely reflected the impact of the reopening of the economy after the MCO as well as better external demand conditions. Overall for 2020, Bank Negara projects that GDP will contract by between 3.5% and 5.5%, and forecasts clearer skies in 2021, with GDP expected to grow between 6.5 and 7.5%. Image Credit: Kamarulzamanganu / Shutterstock
Malaysia’s Q3 GDP rebounded significantly from the second quarter, but will the ongoing CMCO stall Malaysia's path to recovery? The improved performance in Q3 largely reflected the impact of the reopening of the economy after the MCO as well as better external demand conditions. Overall for 2020, Bank Negara projects that GDP will contract by between 3.5% and 5.5%, and forecasts clearer skies in 2021, with GDP expected to grow between 6.5 and 7.5%. Image Credit: Kamarulzamanganu / Shutterstock
Straits Times Regional Correspondent, Leslie Lopez gives an analysis of the biggest takeaways from Bank Negara’s final monetary policy meeting for 2020, Thailand’s House Speaker's approach to at least four former premiers and representatives of several political parties to be part of a reconciliation committee panel, and more. See omnystudio.com/listener for privacy information.
The Federal Reserve has reiterated that rates are too remain low for the next 3 years but what does this mean for asset allocation and markets? Vishnu Varathan, Head of Economics & Strategy at Mizuho Bank tells us whilst giving us his views on the recent Bank Negara decision to keep OPR flat.
The Federal Reserve has reiterated that rates are too remain low for the next 3 years but what does this mean for asset allocation and markets? Vishnu Varathan, Head of Economics & Strategy at Mizuho Bank tells us whilst giving us his views on the recent Bank Negara decision to keep OPR flat.
This year Bank Negara has cut rates 4 times, taking the OPR from 3% to 1.75%. This is the lowest level since 2004. While the central bank has done this to help stimulate the economy, it’s also punishing savers as Fixed Deposit rates have also fallen. As savers look for the best rates for their cash, one of the options that has come up is Stashway Simple. Roshan speaks to Ken about their new cash management product, and also gets into the direct debit technical issue Stashaway faced earlier in the week, as well as their recent portfolio optimisation on the back of unprecedented monetary policy from the US Federal Reserve.
Wellian Wiranto, Economist at OCBC Bank gives us his forecast of Malaysia's GDP and what sectors will drive recovery and which will not for 2020. He also weighs in on whether Bank Negara will cut the Overnight Policy Rate from the current 2% at July's Monetary Policy Committee or will they keep their powder dry if the economy weakens further especially post the loan moratorium in September.
Wellian Wiranto, Economist at OCBC Bank gives us his forecast of Malaysia's GDP and what sectors will drive recovery and which will not for 2020. He also weighs in on whether Bank Negara will cut the Overnight Policy Rate from the current 2% at July's Monetary Policy Committee or will they keep their powder dry if the economy weakens further especially post the loan moratorium in September.
Carlos Casanova, Chief Asia Economist at Coface chimes in on his views on the recent IMF report on global economies. He also gives his views on the Malaysian economy and whether Bank Negara will be cutting rates at the next monetary policy meeting in July.
Seventy. That is the percentage of micro-enterprises and SMEs that internally source their financing needs from family members or personal savings due to financial barriers such as insufficient collateral and lack of documentation. Despite a robust micro-enterprise and SME landscape in Malaysia, poor access to financing have hampered their ability to grow and achieve greater heights. In fact, a survey by Bank Negara revealed that this is one of the top 10 factors constraining business growth. To address this challenge, Aspirasi, a digital financing platform and fintech provider under Axiata Digital is simplifying access to essential financial and insurance services. We speak to Sheyantha Abeykoon, Executive Director of Aspirasi on how they are helping the SME market.
Seventy. That is the percentage of micro-enterprises and SMEs that internally source their financing needs from family members or personal savings due to financial barriers such as insufficient collateral and lack of documentation. Despite a robust micro-enterprise and SME landscape in Malaysia, poor access to financing have hampered their ability to grow and achieve greater heights. In fact, a survey by Bank Negara revealed that this is one of the top 10 factors constraining business growth. To address this challenge, Aspirasi, a digital financing platform and fintech provider under Axiata Digital is simplifying access to essential financial and insurance services. We speak to Sheyantha Abeykoon, Executive Director of Aspirasi on how they are helping the SME market.
Seventy. That is the percentage of micro-enterprises and SMEs that internally source their financing needs from family members or personal savings due to financial barriers such as insufficient collateral and lack of documentation. Despite a robust micro-enterprise and SME landscape in Malaysia, poor access to financing have hampered their ability to grow and achieve greater heights. In fact, a survey by Bank Negara revealed that this is one of the top 10 factors constraining business growth. To address this challenge, Aspirasi, a digital financing platform and fintech provider under Axiata Digital is simplifying access to essential financial and insurance services. We speak to Sheyantha Abeykoon, Executive Director of Aspirasi on how they are helping the SME market.
During this mini episode, You, Me, and Your Top Three host and CGS Advisors CEO, Gregg Garrett, speaks with Dr. Ethan Becker, president of Boston-based communications firm The Speech Improvement Company. He speaks about communication in times of crisis and disruption; specifically, the long-term effects of this pandemic on general communication and best practices for communicating online and through various digital platforms. Dr. Becker also addresses the importance of listening to effectively communicate. About Dr. Ethan Becker Dr. Ethan F. Becker is a second-generation Executive Speech Coach and Trainer with the 56 year old global business, The Speech Improvement, Inc. He is co-author of the international best-selling book Mastering Communication at Work: How to lead, manage, and influence, which is published worldwide by McGraw-Hill. The book is also an Amazon #1 best seller in 13 categories. Ethan has developed and delivered powerful customized motivational speeches on various topics related to communication worldwide. In addition to group work, Ethan serves as trusted advisor and executive communication coach to many. In addition to helping business partners in nearly all of the United States, Dr. Becker has unique international experience. He has lived in Kuala Lumpur Malaysia where he immersed himself in the Asian culture conducting research, training, and coaching with the ICLIF leadership and governance center. In addition, he has coached and presented in countries such as China, Japan, Australia, Singapore, Korea, Germany, England, Thailand, and many more. This provides him with valuable international and cultural perspectives, which he brings to his clients. Ethan has taught at and helped such organizations such as Harvard University, John’s Hopkins University, Boston Scientific, Petronas, Apple, Tenaga Nasional, Bank Negara, The New York Giants, Bain Capital, Canon USA, Biogen IDEC, Telekom Malaysia, Maybank, Kenanga, AmBank, RAZAK School of Government, FBI, Biogen Idec, Shire, Magenta, Atlas Ventures, Translate Bio, Cadent Therapeutics, Surface Oncology, Constellation Pharmaceuticals, Northeast Human Resources Association, Kronos, SuriaKLCC, and IBM, as well as countless individual executives, managers, politicians, celebrities and other clients from around the world. Dr. Becker holds 2 doctorates. His latest is a PhD focused on industry and organizational psychology from the Harold Able School of social behavior and sciences at Capella University. A second doctorate in human letters from Fitchburg State University, an MBA from the school of business and technology at Capella University, with a dual focus on International Business Communication and Leadership, and a BS in mass communication. Show Highlights 1:00 The importance of communication to build relationships in a social distanced, self-isolated way. 2:04 Dr. Ethan Becker – president of The Speech Improvement Company. 5:00 Short-and long-term effects of social distancing and isolation on communication. 9:08 A focus on tools for communicating virtually; how effective are they? 12:30 “How important is listening to make speaking relevant?” 15:40 Quick communication tips for active listening and speaking through digital platforms. Additional Information Contact Dr. Ethan Becker: Becker’s LinkedIn Becker’s email Contact Gregg Garrett: Gregg’s LinkedIn Gregg’s Twitter Gregg’s Bio Contact CGS Advisors: Website LinkedIn Twitter
Ahead of Bank Negara’s Monetary Policy Committee meeting, we discuss the likely outcome and outlook for the Malaysian economy with OCBC economist Wellian Wiranto. Contrary to street expectations, Wellian believes BNM could hold rates for the time being, as the loans moratorium reduces the impact of an interest rate cut. He also shares his thoughts on the impact of the Conditional MCO and the potential shape of economic recovery.
Niaga AWANI membawakan berita perniagaan dan ekonomi dalam dan luar negara serta perbincangan bersama Editor Projek Khas Astro AWANI tentang perkembangan semasa.
Niaga AWANI membawakan berita perniagaan dan ekonomi dalam dan luar negara serta perbincangan bersama Editor Projek Khas Astro AWANI tentang perkembangan semasa.
Thanks to the Covid-19 virus adding to global economic frailties, Bank Negara Malaysia estimates a worst-case scenario of a 2% contraction in 2020, making a raft of fiscal and monetary policy measures a necessity. Assistant Governor Marzunisham Omar discusses.
Thanks to the Covid-19 virus adding to global economic frailties, Bank Negara Malaysia estimates a worst-case scenario of a 2% contraction in 2020, making a raft of fiscal and monetary policy measures a necessity. Assistant Governor Marzunisham Omar discusses.
Will the Dollar rally end? How concerned should Malaysia be over low oil prices? We speak to Carlos about these as well as his view on Bank Negara's move to release RM30 billion into the banking system and his view on the Aussie dollar as it hits a 17 year low. Could the Aussie Dollar slide further?
Will the Dollar rally end? How concerned should Malaysia be over low oil prices? We speak to Carlos about these as well as his view on Bank Negara's move to release RM30 billion into the banking system and his view on the Aussie dollar as it hits a 17 year low. Could the Aussie Dollar slide further?
Bank Negara has plans to ease up on rules pertaining to short-selling of Malaysian government bonds. Dr. Suresh considers the implications for such a move.
Bank Negara has plans to ease up on rules pertaining to short-selling of Malaysian government bonds. Dr. Suresh considers the implications for such a move.
We speak to Dr. Suresh Ramanathan, independent forex strategist, on the recent move by Bank Negara to convert 75% of exports into ringgit to create a greater demand for the currency and to discuss whether the objectives of our Central Bank will be met.
We speak to Dr. Suresh Ramanathan, independent forex strategist, on the recent move by Bank Negara to convert 75% of exports into ringgit to create a greater demand for the currency and to discuss whether the objectives of our Central Bank will be met.
We take a further look at Bank Negara's latest efforts to defuse speculation on the ringgit.
We take a further look at Bank Negara's latest efforts to defuse speculation on the ringgit.
In a stab at accountability and transparency, Bank Negara proposes to bifurcate chairpeople and CEOs, prevent directors' overstaying and paying bonuses in instalments. Why? And will it work?
In a stab at accountability and transparency, Bank Negara proposes to bifurcate chairpeople and CEOs, prevent directors' overstaying and paying bonuses in instalments. Why? And will it work?
Bank Negara's rate cut is making us ponder about what it takes to stir economic growth. We can't seem to avoid fingering the role of government-linked corporations in elbowing out the kind of innovation that can come from private enterprises.
Bank Negara's rate cut is making us ponder about what it takes to stir economic growth. We can't seem to avoid fingering the role of government-linked corporations in elbowing out the kind of innovation that can come from private enterprises.
The Morning Run crew discusses the “Impossible Trinity” theory, which theorises that a country can only achieve two out of the following three goals:1. Monetary policy independence2. Control over the exchange rate3. Free capital mobilityWhat then can Bank Negara do?
The Morning Run crew discusses the “Impossible Trinity” theory, which theorises that a country can only achieve two out of the following three goals:1. Monetary policy independence2. Control over the exchange rate3. Free capital mobilityWhat then can Bank Negara do?
Last week, several senior executives of Bank Negara met with forex dealers to discourage them from selling the ringgit. This tactic is called gentle suasion, or moral suasion. The Morning Run team debates if it actually works.
Last week, several senior executives of Bank Negara met with forex dealers to discourage them from selling the ringgit. This tactic is called gentle suasion, or moral suasion. The Morning Run team debates if it actually works.