My Sinchew/ Business

Over 90% Malaysians save for rainy days: Zeti

Governor Tan Sri Dr Zeti Akhtar Aziz today clarified that over 90 per cent of Malaysians have some form of savings. She described 'as partial information' a recent report on household income, which revealed that more than 80 per cent of Malaysians had no savings.

BNM to adopt six measures to accelerate e-payment migration

Six strategic measures will be undertaken by Bank Negara Malaysia (BNM) to accelerate the pace of the country's migration to e-payments and in a move to reduce the usage of cash and cheques in the financial system.

Abolish Rule of 78s for bank loans: CAP

The Consumers Association of Penang (CAP) has urged Bank Negara to abolish the Rule of 78s method of calculating yearly interest on consumer loans.

Bursa to implement Straight Through Processing from Dec 1

Bursa Malaysia will implement Straight Through Processing (STP) for the registration of individuals such as dealer's representatives, futures brokers representatives and directors of brokers, effective Dec 1, 2014.

Stable global sovereign credit outlook for 2015: Moody's

Moody's Investors Service says the global sovereign outlook is expected to be generally stable as a gradual global recovery will support credit quality.

GLCs record RM162.3bn net profit

The 20 Government-Linked Companies (GLCs) posted a net profit of RM162.3 billion from 2004 to 2013, said Deputy Finance Minister Datuk Chua Tee Yong.

Singapore's Q3 economy grows 2.8%

The Ministry of Trade and Industry (MTI) announced today that it expects the Singapore economy to grow by around 3.0 per cent in 2014 and between 2.0 and 4.0 per cent in 2015.

Malaysia, Singapore urged to develop LNG hub

Malaysia and Singapore need to develop an Asian liquefied natural gas (LNG) hub as a platform to provide an economically sustainable energy solution to Asian countries.

Improved small business confidence in 2014

Small business confidence in Malaysia continues to rise with the majority of small businesses expecting their business and the economy to grow over the next year.

Global economy to be considered before adjusting monetary policy: BNM

Bank Negara Malaysia (BNM) will look at the future prospects of the global economy, alongside the current recession in Japan, before adjusting monetary policy to support the country's economic growth, said its Governor, Tan Sri Dr Zeti Akhtar Aziz.