KUALA LUMPUR — The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 3% at its meeting on Tuesday. This was the first time since July 2016. It said the ceiling and floor rates of the corridor for the OPR are correspondingly…
KUALA LUMPUR – As at Jan 1, 2019, banks must report any cash transactions exceeding RM25,000 in their daily cash threshold report, a reduction from the current RM50,000 limit. Bank Negara Malaysia Governor Datuk Nor Shamsiah Yunus said despite the advancements made in epayments, the use of cash among the…
Bank Negara Malaysia (BNM) has slammed the Real Estate and Housing Developers’ Association’s (REHDA) definition of affordable housing as inaccurate, saying homes priced at RM300,000 and above cannot be called “affordable”, reported The Sun Daily. “Houses in the price range of RM300,000 to RM500,000 are beyond what is affordable to…
