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Topic: Bank Negara Malaysia


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In the News (Mon 28 May 12)

  
  Asia Times: Malaysian central bank projects 1% GDP growth in '99
Bank Negara said growth could be higher, closer to two percent, based on efforts to hasten the comprehensive restructuring of the banking and corporate sectors as well as those to raise the utilization of excess capacity in the economy.
Bank Negara's one percent forecast comes after contractions of 8.1 percent in the final quarter of last year, 9.0 percent in the third quarter, 6.8 percent in the second quarter and 2.8 percent in the first quarter of last year.
Bank Negara also said real aggregate domestic demand is projected to turn around to chalk up an increase of 4.3 percent this year, reflecting mainly the positive response to the measures taken by the government to stimulate domestic demand.
www.atimes.com /asia-crisis/AD03Db02.html   (1058 words)

  
 News on Islamic banking, insurance and finance
Ultimately, the aim is to develop the Islamic banking system to be on par with the more mature and sophisticated conventional banking system, he said in his speech at the opening of Pacific Bank Bhd's first Islamic banking branch.
Bank Negara will be issuing a licence to enable this Islamic Bank to commence operations.
"Malaysia is being looked upon as a model by other countries in the field of Islamic banking and thus, the success or failure of Islamic banking in Malaysia would to a significant extent affect the 'Ummah'(Muslim community) throughout the world," he explained.
www.islamic-banking.com /news/malaysia/archive/negara_0499.php   (426 words)

  
 Regional and Country Highlights - Southeast Asia - Malaysia - ADB.org   (Site not responding. Last check: 2007-11-03)
The overall balance of payments was in surplus and the net international reserves of Bank Negara Malaysia increased from $26.2 billion at the end of 1998 to $30.9 billion or six months of imports at the end of 1999.
Bank Negara Malaysia announced a merger program for the banking system in July 1999, aimed at consolidating the existing banks and financial institutions under six financial groups.
Operational strategy: The operational strategy for Malaysia approved in 1997 is no longer relevant as it was formulated before the financial crisis in mid-1997 and the economic recovery that began in 1999.
pioneer.netserv.chula.ac.th /~ckieatvi/ADBMalaysia.htm   (1050 words)

  
 Bank Negara Malaysia - Wikipedia, the free encyclopedia
Bank Negara Malaysia (BNM) is the Malaysian central bank.
In July 2005, the central bank abandoned fixed exchange rate regime in favor of managed floating exchange rate system an hour after China floated its own currency, resulting in capital flight of more than USD 10 billion.
Bank Negara's headquarters is located at Jalan Dato' Onn in Kuala Lumpur.
en.wikipedia.org /wiki/Bank_Negara_Malaysia   (572 words)

  
 Profile of Malaysia
Another development was the decision by the central bank, the Bank Negara Malaysia (BNM), to exempt real property investments from an exit tax that has been imposed on the repatriation of foreign capital - partly a response to the negative effects of the currency speculation preceding the regional economic crisis.
Malaysia's Prime Minister Mathahir Mohamad is both wary and publicly critical about what he sees as the damaging fickleness of international capital.
Third, Malaysia is subdivided into 14 states that each has their own land rules for the regulation of the ownership of land and buildings.
www.realtor.org /intlprof.nsf/All/Malaysia?OpenDocument   (1007 words)

  
 Index of Economic Freedom 2006 - Malaysia
There was some hope that Malaysia might permit foreign ownership of banks when Bank Negara allowed a Singapore company to purchase some equity in a local bank, but that one incident has not expanded into opening the banking industry to foreign ownership.
Malaysia's fiscal burden of government score is 0.2 point worse this year, and its informal market score is 0.5 point worse.
According to the World Bank, Malaysia's weighted average tariff rate in 2003 (the most recent year for which World Bank data are available) was 4.2 percent, down from the 4.6 percent in 2001 reported in the 2005 Index, based on World Bank data.
www.heritage.org /research/features/index/country.cfm?id=Malaysia   (1078 words)

  
 BANK NEGARA MALAYSIA THE CHETTIARS
For majority of the people in the country, banks stood for something stange and foreign.
Banks in the 50s were a big town phenomenon.
While Kuala Lumpur had 21 branch offices in 1959, Penang had 12 and Ipoh 6, the whole state of Perlis did not have a single banking office before Bank Negara was established.
members.tripod.com /Nagarathar/BNM_chettiars.htm   (439 words)

  
 Malaysia Banks @ Talk Malaysia
The Central Bank of Malaysia was established on January 1959 and its main role is to supervise and regulates all the banking related activities in Malaysia.
In addition to that, Central Bank of Malaysia is the sole authority in issuing currency and to maintain appropriate currency reserves in the country.
Just like any other services, for someone who would like to bank with one of the commercial banks in Malaysia, he or she should first do some research and understand what are the services offered by the bank and what are the requirements for those services.
www.talkmalaysia.com /malaysia-banks.html   (600 words)

  
 MALAYSIAN ISLAMIC MONEY MARKET   (Site not responding. Last check: 2007-11-03)
Bank Negara implemented this in 1993 by allowing existing commercial banks, finance companies and merchant banks to offer Islamic banking services on a parallel basis with their conventional banking services.
When an IBD OF bank obtains investment from another IBD of bank for any period, the principal invested is repaid at the end of the period, together with a share of the profit arising from the use of the fund by the receiving bank.
Currently these banks are required to maintain an IBD of clearing account at the Bank Negara on a Al-Wadiah Yad Dhamanah (guaranteed safe-custody) basis.
islamic-world.net /islamic-state/malay_islamoneymarket.htm   (2098 words)

  
 Malaysia Imposes Currency Restrictions on Securities Transactions by Nonresidents, September 1998
Washington, DC, September 2, 1998 - Bank Negara Malaysia, the central bank of Malaysia, announced measures on September 1, 1998 that significantly restrict the rights of nonresidents with respect to transactions in Malaysian securities.
press release, the so-called "Measures to Regain Monetary Independence" are intended to insulate Malaysia from the problems confronting the international financial markets and the current escalation of regional contagion effects.
The use of funds in an external account is limited to the purchase of ringgit assets in Malaysia.
www.ici.org /issues/glo/arc-fsrv/98_malaysia_restrict.html   (214 words)

  
 Malaysia Ringgit and Malaysian currency information including currency exchange rates
The central bank of Malaysia is Bank Negara Malaysia.
Bank Negara, the central bank, maintains strict management of the growth of internal liquidity, in the interests of limiting any inflationary pressures resulting from vigorous economic expansion.
However, early in 1996, in response to adverse movements, Bank Negara intervened briefly to support the ringgit and drew on foreign exchange reserves until higher interest rates restored stability to the exchange rate.
www.gocurrency.com /countries/malaysia.htm   (806 words)

  
 SAS | Malaysia
BANKS will have to speed up their pace to comply with the international Basel II accord aimed at enhancing risk management practices, as the deadline is fast looming.
Banks, however, have to start the ball rolling much earlier as the central bank is slated to perform a "parallel run test" in January 2007...
Bank Negara Malaysia requires banks to compute their capital adequacy ratio under the Basel II Standardised Approach for non-Islamic banks and the capital adequacy standard for Islamic institutions by the end of 2008...
www.sas.com /offices/asiapacific/malaysia/news/news.html   (1966 words)

  
 Asia Times: ANALYSIS: How Malaysia's banks stack up
The central bank's consent to the new groupings paves the way for a strong, efficient and competitive banking sector which will be able to handle the onslaught of globalization and liberalization.
Public Bank Bhd, which is fast shedding its reputation as a docile and passive player in terms of lending, still maintains prudent and conservative credit approval and loss provisioning policies.
The 10 anchor banks are Malayan Banking Bhd, Bumiputra-Commerce Bank Bhd, RHB Bank Bhd, Public Bank Bhd, Arab-Malaysian Bank Bhd, Hong Leong Bank Bhd, Perwira Affin Bank Bhd, Multi-Purpose Bank Bhd, Southern Bank Bhd and EON Bank Bhd.
www.atimes.com /se-asia/BB16Ae01.html   (1107 words)

  
 [No title]
According to the UN, the GINI coefficient for Malaysia in 1997 was 0.49.
Regulatory and Legal Environment of Malaysia According to the World Bank, in Malaysia, it takes 31 procedures and 300 days from the time a plaintiff files a lawsuit to when he or she is actually compensated.
According to the Agriculture Bank of Malaysia, Majilis Amanah Rakyat (MARA), Council of Trust to the Bumiputera, and the CGC are some of the pioneers to introduce microfinance loans to its borrowers.
www.yearofmicrocredit.org /docs/countryprofiles/Malaysia.doc   (2119 words)

  
 Malaysia
Bank notes are signed by the Governor of Bank Negara Malaysia.
A presentation of the RM5 polymer bank note by Bank Negara Malaysia.
The theme of this series of Malaysian bank notes is Wawasan or Vision 2020 and it reflects Malaysia’s economic development and achievement towards a fully-developed country.
www.polymernotes.org /country_pages/mys.htm   (353 words)

  
 Information on RM5 polymer bank note   (Site not responding. Last check: 2007-11-03)
Non-Transparent Window: Bank Negara Malaysia’s logo appears, printed in white and visible from both sides of the note.
The people of Malaysia are familiar with the design of the RM5 banknote and it was decided that while the banknote will be printed on the new polymer material, it was best to stay with the current design.
BNM needs to conduct proper evaluation of the polymer banknote before deciding about other denominations.
www.polymernotes.org /other_country/MYS_rm5.htm   (1169 words)

  
 Bank Negara Malaysia Issues Guide to Exchange Control Rules, October 1998
Washington, DC, October 6, 1998 - Bank Negara Malaysia (BNM), the central bank of Malaysia,
The guide incorporates clarifications of the exchange control rules that have been issued by BNM since the rules went into effect.
During the one-year holding period, the type or form of ringgit asset may be changed without triggering a new holding period.
www.ici.org /issues/glo/arc-aus/98_malaysia_restrict1.html   (156 words)

  
 PANGLOBAL ONLINE MAKES INSURANCE HISTORY
As with all general insurance companies in Malaysia, PanGlobal was served by the traditional agency force before its restructuring.
The project was completed after about 24 months, but hit a major roadblock when Bank Negara withheld its approval because the solution failed to meet its Internet Security Guidelines for insurers intending to conduct business via the Web.
More significantly for PanGlobal, its e-business strategy was now back on track as the solution successfully met Bank Negara Internet security guidelines, making it the first insurer in Malaysia to secure the authority's approval.
www.microsoft.com /malaysia/business/casestudies/linkpage4178.asp   (1134 words)

  
 Malaysia's central bank says policies unchanged after Thai crash - Forbes.com   (Site not responding. Last check: 2007-11-03)
'Bank Negara Malaysia has over the recent three years undertaken a series of gradual and sequenced liberalization of our financial markets and of the capital account,' it told Agence France-Presse.
Malaysia's Deputy Prime Minister Najib Razak moved to allay fears of a repeat of the Asian financial crisis after Malaysian share prices witnessed their largest one-day fall since the terrrorist attacks on Sept 11, 2001.
The biggest fall in Kuala Lumpur was registered in Sept 1998, when the market dived by 95 points after Malaysia imposed capital controls at the height of the Asian financial crisis.
www.forbes.com /afxnewslimited/feeds/afx/2006/12/19/afx3266746.html   (469 words)

  
 World Bank Group - ROSC
In a cross country study carried out in 1996, Malaysia was found to be one of only 11 countries out of 49 which impose a genuine one-share-one-vote-rule.
Despite the requirement to take all such appointments to the general meeting, boards essentially control the selection of directors, unless the company is controlled by a significant shareholder, in which case he/she controls the board.
The institutions entrusted with enforcement are Bank Negara Malaysia for financial institutions; SC for listed companies, and the registrar for unlisted companies.
www.worldbank.org /ifa/rosc_cg_malaysia.html   (5446 words)

  
 bank negara malaysia annual report Bank negara malaysia   (Site not responding. Last check: 2007-11-03)
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greatzl.info /bank-negara-malaysia   (1142 words)

  
 [No title]   (Site not responding. Last check: 2007-11-03)
(sektor swasta), Malaysia = Census of professional and
PI Minden, Penang, Malaysia : Universiti Sains Malaysia, [1983-.
PI Kuala Lumpur : Perpustakaan Negara Malaysia, 1981-.
www.lib.washington.edu /southeastasia/malser.html   (1645 words)

  
 Bank Negara Malaysia information and related industry information from Hoover's
Bank Negara Malaysia is central to its country’s economy.
As Malaysia’s central bank, Bank Negara Malaysia (BNM) is charged with achieving monetary stability and promoting a stable financial system.
The bank was formed by Malaysia’s government in 1959.
www.hoovers.com /bnm/--ID__153763--/free-co-factsheet.xhtml   (218 words)

  
 Actuarial Society of Malaysia
Bank Negara Malaysia welcomes interested candidates to send their detailed resume for the positions of Senior Excutive - Actuary and Manager - Actuary.
Life Insurance Association of Malaysia (LIAM) is organizing the 23rd Pacific Insurance Conference from 28th to 31st October 2007 at the Shangri-La Hotel, Kuala Lumpur.
Prudential Vietnam welcomes interested candidates to send their detailed resume for the position of Head of Corporate Actuarial by 10 December 2006 (Please refer to detailed posting for further information).
www.actuaries.org.my   (243 words)

  
 Malaysia, Hong Kong central banks launch cross-border payment link - UPDATE - Forbes.com   (Site not responding. Last check: 2007-11-03)
KUALA LUMPUR (XFN-ASIA) - Bank Negara Malaysia and the Hong Kong Monetary Authority launched a new cross-border payment-vs-payment link between Hong Kong's US dollar real time gross settlement (RTGS) system and Malaysia's ringgit RTGS system, the Malaysian central bank said.
The link is operated in Malaysia by Bank Negara and in Hong Kong by the Hong Kong Interbank Clearing Limited, which operates the interbank clearing systems in Hong Kong, the central bank said.
Zeti Akhtar Aziz, governor of Bank Negara Malaysia, said 'the establishment of this payment-vs-payment link will further promote collaboration and cooperation of payment systems in Malaysia and in Hong Kong.'
www.forbes.com /afxnewslimited/feeds/afx/2006/11/13/afx3166760.html   (479 words)

  
 Bank Negara Malaysia - The Official Web Site of the Central Bank of Malaysia
You are here: Home > Bank Negara Malaysia - The Official Web Site of the Central Bank of Malaysia
A substantial number of the bank's current publications, such as the Monthly Statistical Bulletin are also available.
If you have questions, comments, or suggestions, please use the Ohio University Libraries' Feedback Form.
infotree.library.ohiou.edu /single-records/1441.html   (102 words)

  
 Bank Negara Malaysia Acknowledges Investigation - HYIP Forum   (Site not responding. Last check: 2007-11-03)
Bank Negara Malaysia Acknowledges Investigation - HYIP Forum
i have had a feeling that the investigation more to do with charges on money laundering that just fraud, it is not likely to see the state bank of a country start an investigation over charges of fraud that is mostly left to the banks that are dealing with the company in question.
I wonder if it`s BNM who will be appearing in court on the 17th when apparently a PIPS employee is seeking to have his/her frozen wages paid?
www.thehyipforum.com /showthread.php?t=3554   (208 words)

  
 MegaLaw - Malaysia
Arkib Negara Malaysia - National Archives of Malaysia
Bank Negara Malaysia (BNM) - State Bank of Malaysia
Jabatan Audit Negara Malaysia - National Audit Department of Malaysia
www.megalaw.com /international/malaysia.php   (922 words)

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