bank negara bnm

Malaysia’s Interest Rates Stable: BNM’s OPR to Remain at 3% Through 2024

In a recent assessment, Victor Yong, an interest rates strategist at UOB Global Economics and Market Research, has provided a detailed outlook on the future movements of the Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR). According to Yong, BNM is expected to maintain the OPR at 3.00 percent for at least another twelve months, with the next adjustment likely to be a reduction. Yong’s...

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5 Reasons Tropicana Cenang Is Your Next Property Investment in Langkawi

When it comes to choosing a property that embodies both a lucrative investment and a serene getaway, Tropicana Cenang in Langkawi stands out as a compelling choice. Situated in the heart of the island's most vibrant beach town, Pantai Cenang, this development offers both investors and vacationers the perfect blend of luxury, convenience, and profitability. Strategic Investment Opportunities Investing...

PerhentianMarriot

Luxurious Getaway: Perhentian Marriott Resort Opens in Terengganu

The Perhentian Islands have long been a whispered secret among those who seek paradisiacal escapes, and the recent unveiling of the Perhentian Marriott Resort & Spa on Pulau Perhentian Kecil marks a new chapter in luxury travel. Nestled on the pristine northwest coast of Perhentian Kecil Island, this majestic resort promises an unparalleled blend of luxury, culture, and nature, setting a new benchmark...

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Is Property Price Growth Keeping Pace with Salary Increases?

The dream of owning a home is a shared ambition for many Malaysians, serving as a symbol of stability and achievement. However, the path to homeownership is becoming increasingly challenging due to the rapid rise in property prices outpacing salary growth. This disparity raises critical questions about the feasibility of achieving this milestone in today's economic landscape and what measures can be taken...

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GCA 2024 Unveils Malaysia’s Most Preferred Employers

The Graduates' Choice Award (GCA) maintains its prestigious reputation by illuminating the preferences of Malaysia's workforce, particularly highlighting the employers who have successfully captured the hearts and ambitions of the nation's graduates in 2024. Talentbank's recent statement reveals the award's record-breaking participation, with 464,220 votes from university students, marking a significant...

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Batang Kali Landslide Update: Road to Reopen in June Following Extensive Repairs

Batang Kali Road to Reopen in June After Extensive Landslide Repairs In the early hours of December 16, 2022, a tragic landslide occurred at a camping site in Batang Kali, resulting in the loss of 31 lives, including 18 adults and 13 children, while 61 others were rescued. Following this devastating event, the Batang Kali-Genting road was closed for safety assessments and necessary repair works. After 18...

Malaysia Property

Malaysia Emerges as a Semiconductor Hub Amid US-China Tech Tensions

Malaysia Capitalizes on US-China Tech Tensions to Boost Semiconductor Industry Malaysia is strategically positioning itself as a pivotal hub in the global semiconductor landscape, leveraging its established expertise in the industry amid growing US-China tensions. With approximately five decades of experience in semiconductor manufacturing, particularly in assembly, testing, and packaging, Malaysia is...

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Malaysia’s Economy Set for Growth in 2024: BNM’s Optimistic Outlook

Malaysia is on the cusp of an economic resurgence, with Bank Negara Malaysia (BNM) projecting an expansion of between 4% and 5% in 2024. This anticipated growth is buoyed by a resilient domestic demand and a revival in export activities, according to BNM's Governor, Datuk Abdul Rasheed Ghaffour. The announcement came during the release of BNM’s 2023 annual report, shedding light on the nation's economic...

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Microsoft Boosts Malaysian IT with Johor Data Center Land Purchase

Microsoft Acquires Land in Johor for Data Center Expansion In a strategic move to expand its digital infrastructure in Southeast Asia, Microsoft has secured a 102,560 sqm plot in the Pulai area of Johor, Malaysia. This acquisition, made through Microsoft Payments (Malaysia) Sdn. Bhd., involves a transaction with Crescendo Corporation Berhad’s subsidiary, Panoramic Industrial Development Sdn. Bhd., for...

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Malaysia’s Economic Revival: Strategies to Overcome Growth Challenges

In the wake of narrowly missing its growth targets last year, the Malaysian government and central bank are doubling down on efforts to stimulate the economy, which has shown resilience despite facing significant headwinds. The ringgit's recent depreciation to a 26-year low signals the challenges ahead, yet the nation is optimistic about a turnaround, driven by a series of strategic initiatives aimed at...

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