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BNM Cut Rate Again But Not Benefit For New Loan

DisneyHome — Wed, 04 Mar 2020 06:57:25 +0800

Bank Negara issues updated exposure draft on licensing for digital banks
(theedgemarkets.com / theedgemarkets.com March 03, 2020 11:26 am +08)

KUALA LUMPUR (March 3): Bank Negara Malaysia (BNM) has today issued an updated exposure draft on the licensing framework for digital banks that incorporates a simplified framework applicable during the foundational phase.

In a statement today, BNM said the simplifications aim to reduce regulatory burden for new entrants that have strong value propositions for the development of the Malaysian economy, while safeguarding the integrity and stability of the financial system.

"Digital banks will be required to comply with all equivalent regulatory requirements applicable to incumbent banks after the foundational phase."

Key features of the simplified regulatory framework include:

~ Capital adequacy requirement: The risk categories to calculate the credit and market risk components for risk-weighted assets under Basel II capital framework have been rationalised into simpler categories; and

~ Liquidity requirement: 25% of the digital bank's on-balance sheet liabilities must be held in high quality liquid assets.

BNM is extending the consultation period for the exposure draft until April 30.

It said all feedback on the exposure draft are to be submitted to the central bank by then. "Applications for new licence(s) will be open upon issuance of the policy document."

https://www.theedgemarkets.com/article/bank...g-digital-banks

Q4'19 GDP 3.60% - Signal for economy slowdown ?

DisneyHome — Wed, 12 Feb 2020 13:50:58 +0800

BNM: Malaysia 4Q19 GDP expands 3.6% y-o-y, Covid-19 outbreak to affect 2020 growth
(Chong Jin Hun / theedgemarkets.com February 12, 2020 12:49 pm +08)

KUALA LUMPUR (Feb 12): Bank Negara Malaysia (BNM) said today the Malaysian economy, as measured by gross domestic product (GDP), grew 3.6% year-on-year (y-o-y) in 2019's fourth quarter (4Q19), driven by higher private sector spending.

In a statement today, BNM said the country's economic growth was however affected by supply disruptions in the commodities sector.

"On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 0.6% (3Q19: 0.9%). For 2019 as a whole, the economy expanded by 4.3% (2018: 4.7%).

"During the quarter (4Q19), headline inflation averaged lower mainly reflecting the lapse in the impact from sales and services tax (SST) implementation. Core inflation, excluding the impact of consumption tax policy changes, was stable at 1.4%," BNM said.

Malaysia's private consumption and investment grew in 4Q19 from a year earlier as net exports fell. BNM said today private consumption grew 8.1%, private investment expanded 4.2% while net exports fell 9.8%.

On the supply side, the central bank said the services and manufacturing sectors grew 6.1% and 3% respectively from a year earlier while the construction industry expanded 1%.

The agriculture and mining sectors, however, contracted 5.7% and 2.5% respectively, it said.

Going into 2020, economic growth, particularly in 1Q20, will be affected by the outbreak of the novel coronavirus (Covid-19), BNM said.

It said the overall impact of the outbreak on the Malaysian economy will, however, depend on the duration and spread of the outbreak as well as policy responses by authorities.

"For the year as a whole, growth will be supported by household spending, the realisation of approved private investment projects in recent periods, and higher public sector capital spending.

"Nevertheless, there are downside risks to growth. These include uncertainties in external conditions arising from the ongoing coronavirus outbreak, the various trade negotiations and geopolitical risks, as well as domestic factors, including weakness in the commodities sector and delays in project implementation. Thus, two-way capital flows and exchange rate volatility should be expected," the central bank said.

Headline inflation in 2020 is projected to average higher than 2019 figure, but remain modest.

BNM said the trajectory of headline inflation will be dependent on global oil and commodity price developments and the timing of the lifting of the domestic retail fuel price ceilings.

"Underlying inflation is expected to be broadly stable, reflecting the continued expansion in economic activity and the absence of strong demand pressures," it said.

https://www.theedgemarkets.com/article/bnm-...ect-2020-growth

Sorry Guys just sharing no harmless

DisneyHome — Thu, 09 May 2019 21:32:28 +0800

Sorry Guys just sharing no harmless

Global Market Sell Off can impact Property Market?

Thu, 01 Jan 1970 07:30:00 +0800

Global Market Sell Off can impact Property Market?

DisneyHome — Mon, 05 Feb 2018 11:27:38 +0800

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Seem global share market start to uncertainty due to long bull ran & Federal Reserve begun normalising Fed Rate

Would it be impact Malaysia property market? ?

Why Maybank Interest Rate Not Apparel With Other F

DisneyHome — Mon, 29 Jan 2018 08:43:19 +0800

Maybank lowers interest rates to 3%

CORPORATE NEWS

Thursday, 14 Jul 2016

6:24 PM MYT

Read more at https://www.thestar.com.my/business/busines...lg43w6rHC4tT.99

KUALA LUMPUR: Malayan Banking Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

is lowering the interest rates for loans and savings by 20 basis points with effect from Friday.

It said the base rate (BR) will belowered by 20 basis points from 3.20% per annum to 3% per annum while its base lending rate (BLR) will also be revised from 6.85% to 6.65% per annum.

The Islamic base rate and base financing rate will be reduced by 20 basis points to 3% per annum and 6.65% per annumn respectively from 3.20% and 6.85% previously.

The move by the country's largest bank followed Bank Negara Malaysia's (BNM) unexpected move to reduce the Overnight Policy Rate (OPR) by 25 basis points to 3% at its Monetary Policy Committee (MPC) meeting, citing rising risks from Britain's exit from the European Union.

In a statement issued on Thursday, Maybank's group president & CEO, Datuk Abdul Farid Alias said the revision in Maybank's rates will benefit borrowers as all loans/financing pegged to the base rates or BLR/BFR would also be adjusted accordingly.

"This revision will assist existing and potential borrowers contend with the current challenging environment and help spur economic and business growth in the country," he said.

"We believe it will also support the government's efforts to ensure that the domestic economy can continue on a steady growth path."

In line with the reduction in BLR/BFR and base rates, Maybank's deposit rates will also be revised downwards by up to 20 basis points.

The last revision in Maybank's BLR was in July 2014 when it was raised by 25 basis points to 6.85% per annum.

Read more at https://www.thestar.com.my/business/busines...lg43w6rHC4tT.99

BNM - Increase OPR Rate - so how property market?

DisneyHome — Thu, 25 Jan 2018 16:47:17 +0800

BNM makes first rate hike since 2014, sees strong growth for Malaysia in 2018

KUALA LUMPUR (Jan 25): Bank Negara Malaysia (BNM) raised the overnight policy rate by 25 basis points to 3.25% — the first hike in four years — at the first Monetary Policy Committee (MPC) meeting of the year today, as the Malaysian economy remains firmly on a steady growth path.

In a statement, it said this correspondingly raises the floor and ceiling rates of the corridor for the OPR to 3% and 3.5%, respectively.

It said the global economy has strengthened amid strong growth in global trade, while Asian economies are driven by sustained domestic activity and strong external demand.

"Global growth is projected to experience a faster expansion in 2018. In this environment, risks to the global growth outlook are more balanced, pointing towards continuity in the current phase of global economic expansion.

"For the Malaysian economy, latest indicators reaffirm the strength in exports and domestic activity. Looking ahead, the strong growth momentum is expected to continue in 2018, sustained by the stronger global growth and positive spillovers from the external sector to the domestic economy," it added.

Domestic demand, it said, will continue to be the key growth driver for the country, amid favourable income and labour market conditions.

Meanwhile, new and ongoing infrastructure projects and capital spending by both export- and domestic-oriented firms support a positive outlook for investment activity.

The central bank expects headline inflation to average lower in 2018 compared to the 3.7% in 2017, as it anticipates a smaller effect from global cost factors.

"A stronger ringgit exchange rate compared to 2017 will mitigate import costs. Global energy and commodity prices are expected to trend higher in 2018.

"However, the trajectory of headline inflation will be dependent on future global oil prices which remain highly uncertain. Underlying inflation, as measured by core inflation, remains moderate," it added.

On domestic financial markets, it said they have been resilient while the ringgit strengthened to better reflect Malaysia's economic fundamentals.

The liquidity of the banking system also remains sufficient, and growth of financing to the private sector has been sustained.

"With the economy firmly on a steady growth path, the MPC decided to normalise the degree of monetary accommodation. At the same time, the MPC recognises the need to pre-emptively ensure that the stance of monetary policy is appropriate to prevent the build-up of risks that could arise from interest rates being too low for a prolonged period of time.

"At the current level of the OPR, the stance of monetary policy remains accommodative. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation," the central bank added.

http://www.theedgemarkets.com/article/bnm-...h-malaysia-2018

Sky Residence Shamelin @ KL

DisneyHome — Sun, 06 Dec 2015 10:01:32 +0800

I come across this project from my friends, I heard the starting selling price about RM 500 ~ RM 520 psf

Any SA or Realtor can give further information on this project???