Zafru pointed out that the government would leave it to Bank Negara to decide whether or not to compel exporters to convert their export proceeds into Ringgit.
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Economy
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Zafrul: It’s BNM’s Call For Export Proceeds Into Ringgit
Sarawak Achieved High Income Status By World Bank Country Standard
Sarawak has reached a noteworthy milestone by attaining high income status.
BNM Will Likely Raise OPR To 3.25%
Bank Negara Malaysia (BNM) is expected to increase the Overnight Policy Rate (OPR) to 3.25 percent.
Anwar: Higher OPR Makes People Spend Less, Save More
Anwar pointed out that a higher OPR ensures that our economy can continue growing and that inflation is controlled.
IMF Warns US Default Would Have ‘Very Serious’ Global Repercussions
The International Monetary Fund (IMF) warned that a US default would seriously affect the US economy and drag down the global economy;
Focus On Economic Environment To Determine OPR
The Bank Negara would closely monitor the domestic and international economic environment to determine the OPR.
Deutsche Bank Shares Plunge Causing Investors To Worry
Deutsche Bank’s shares fell sharply on Friday local time, dropping as much as 14.9 percent at one point.
Malaysia Won’t Slide Into Recession Says Tengku Zafrul
Tengku Zafrul is confident that the Malaysian economy will not face a recession.
Bursa Malaysia Amends Rules On Special Holidays
Bursa Malaysia has announced that it will amend its business rules and listing regulations
Zafrul Outline 3 Top Priorities To Face Global Economic Slowdown
In response to the global economic slowdown in the coming year, Tungku Zafrul listed three top priorities.