Malaysia's freshest news, trending stories and local buzz.
Bank Negara Malaysia issued five separate warnings to Tabung Haji regarding its deteriorating financial position between assets and liabilities, according to Religious Affairs Minister Dr Zulkifli Hasan. The warnings went unheeded until a major audit revealed widespread financial manipulation.
Bank Negara Malaysia has highlighted a troubling disconnect between wage growth and productivity in the country, warning that the current wage-setting system requires urgent reform to address wage compression among professionals.
The ringgit is forecast to trade between 3.90 and 4.20 against the US dollar in the second half of 2026, supported by Malaysia's solid economic growth, trade surplus and Bank Negara's credible monetary stance.
Malaysia's benchmark FBM KLCI index declined at midday trading as technology stocks across Asia faced heavy selling pressure. Uncertainty surrounding Bank Negara's upcoming interest rate decision and the Johor elections prompted cautious positioning among investors.
CIMB Treasury predicts Bank Negara Malaysia will keep the overnight policy rate unchanged at 2.75% this Thursday, citing moderating global oil prices and the BUDI Diesel programme as factors reducing near-term inflation pressures on the economy.
Bank Negara Malaysia is calling on customers to report cases where they are charged RM1 interbank withdrawal fees at ATMs operated by their own banks, according to Communications Minister Datuk Fahmi Fadzil.