DuitNow-PayNow link to kick off in Q4 next year

PETALING JAYA: Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) have announced plans to commence a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow real-time payment systems. The first phase of the DuitNow-PayNow linkage will be launched in the fourth quarter of 2022 and will allow customers of participating financial institutions to … Read more

Local stocks, ringgit show tepid response to 12MP’s colossal allocation

PETALING JAYA: Despite having the largest-ever total development expenditure of RM400 billion, the 12th Malaysian Plan 2021-2025 (12MP) unveiled by Prime Minister Datuk Seri Ismail Sabri Yaakob today managed to extract only lukewarm response from the markets. On Bursa Malaysia today, the FBM KLCI closed at 1,533.05 points, a 0.99 point or 0.06% improvement over … Read more

Malaysian exports in August up 18.4% on annual basis, 12th straight month of on-year expansion

PETALING JAYA: Malaysia’s export performance saw a 12th straight month of year-on-year (y-o-y) expansion, growing 18.4% to RM95.6 billion in August this year, supported by domestic exports and re-exports. According to the Statistics Department, domestic exports stood at RM79.1 billion, contributing 82.7% to total exports, which translates into an 18.7% expansion, while re-exports were valued … Read more