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.
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.
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.
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.