Search

Swap markets have ruled out an interest-rate cut for Malaysia for the next six months. (Bloomberg) -- Malaysia's central bank chief has ruled out an interest-rate cut for now, adding to the growing global narrative that borrowing costs are set to remain higher for longer. [Extracted from the article]

The domestic economy is likely to remain resilient as employment and wages support household spending, Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said in an emailed response to questions. (Bloomberg) -- Malaysia's central bank chief has ruled out an interest-rate cut for now, adding to the growing global narrative that borrowing costs are set to remain higher for longer. [Extracted from the article]

The debate surrounding inflation and rate hikes intensified this week as central banks in Canada and Australia unexpectedly boosted borrowing costs to subdue price growth. (Bloomberg) -- Malaysia's inflation currently isn't misbehaving, giving the central bank room to keep up its "conditional pause", according to a senior official. Fraziali, who's worked at the central bank for almost three decades, reiterated the central bank's 2023 average inflation forecast of between 2.8% and 3.8% in the interview in Kuala Lumpur. [Extracted from the article]

When asked if there is a case to continue hiking rates, Fraziali said "that depends on how inflation behaves." Fraziali, who's worked at the central bank for almost three decades, reiterated the central bank's 2023 average inflation forecast of between 2.8% and 3.8% in the interview in Kuala Lumpur. (Bloomberg) -- Malaysia's inflation currently isn't misbehaving, giving the central bank room to keep up its "conditional pause", according to a senior official. [Extracted from the article]

Aides to Muhyiddin and Khairy, as well as anti-graft agency officials didn't immediately respond to requests for comments. Anwar this week said the finance ministry found there was a breach of procedure in the handling of 600 billion ringgit of public funds during Muhyiddin's time as premier. (Bloomberg) -- Malaysia's anti-graft agency will summon former premier Muhyiddin Yassin and two ex-cabinet ministers who served in his administration for the alleged misappropriation of 600 billion ringgit ($136 billion) of public funds for tackling the pandemic. [Extracted from the article]

(Bloomberg) -- Malaysia's anti-graft agency will summon former premier Muhyiddin Yassin and two ex-cabinet ministers who served in his administration for the alleged misappropriation of 600 billion ringgit ($136 billion) of public funds for tackling the pandemic. Aides to Muhyiddin and Khairy, as well as anti-graft agency officials didn't immediately respond to requests for comments. Anwar this week said the finance ministry found there was a breach of procedure in the handling of 600 billion ringgit of public funds during Muhyiddin's time as premier. [Extracted from the article]

(Bloomberg) -- Malaysia's anti-graft agency will summon former premier Muhyiddin Yassin and two ex-cabinet ministers who served in his administration for the alleged misappropriation of 600 billion ringgit ($136 billion) of public funds for tackling the pandemic. Aides to Muhyiddin, Zafrul and Khairy, as well as anti-graft agency officials didn't immediately respond to requests for comments. Anwar this week said the finance ministry found there was a breach of procedure in the handling of 600 billion ringgit of public funds during Muhyiddin's time as premier. [Extracted from the article]

Aides to Muhyiddin, Zafrul and Khairy, as well as MACC officials didn't immediately respond to requests for comments. (Bloomberg) -- Malaysia's anti-graft officials will call up at least three former government officials to probe the alleged misappropriation of 600 billion ringgit ($136 billion) of public funds, according to a New Straits Times report citing people it didn't name. [Extracted from the article]

Anwar's reformist Harapan will lead the next government after being chosen by King Sultan Abdullah Sultan Ahmad Shah, the country's monarch said in a statement. (Bloomberg) -- Malaysian stocks surged the most in over two years after veteran opposition leader Anwar Ibrahim was appointed the new prime minister, ending a political impasse that's weighed on markets this week. [Extracted from the article]

(Bloomberg) -- Malaysian stocks headed for their biggest jump in over two years after veteran opposition leader Anwar Ibrahim was named the new prime minister, ending a political impasse that's weighed on markets this week. Anwar's reformist Harapan will lead the next government after being chosen by King Sultan Abdullah Sultan Ahmad Shah, the country's monarch said in a statement. [Extracted from the article]

(Bloomberg) -- Malaysian stocks headed for their biggest jump in two years and the ringgit held gains after veteran opposition leader Anwar Ibrahim was named the new prime minister, ending a political impasse that's weighed on markets this week. READ: Anwar Ibrahim Becomes Malaysia PM After Decades of Waiting (1) "His Majesty reminds all quarters that whoever wins, doesn't win all, and those who lose do not lose all", the palace said. [Extracted from the article]

Malaysia's benchmark stock index remains 24% below its April 2018 record, reflecting the political uncertainty. (Bloomberg) -- Malaysia's stocks pared declines after Saturday's election produced the country's first-ever hung parliament and amid a broader slump in Asia. [Extracted from the article]

(Bloomberg) -- Malaysia's stocks and the ringgit declined as Saturday's election produced the country's first-ever hung parliament and amid a broader slump in Asia. Malaysia's benchmark stock index remains 24% below its April 2018 record, reflecting the political uncertainty. [Extracted from the article]

(Bloomberg) -- Malaysia saw its first-ever hung parliament in Saturday's election after none of the three major coalitions won enough seats to form a majority, extending the political crisis in an economy on a fragile rebound. In terms of coalition government, veteran opposition leader Anwar Ibrahim is well regarded by investors but his attempts to forge an alliance "may be held hostage by some of the smaller parties.". [Extracted from the article]

In terms of coalition government, veteran opposition leader Anwar Ibrahim is well regarded by investors but his attempts to forge an alliance "may be held hostage by some of the smaller parties." (Bloomberg) -- Malaysia saw its first-ever hung parliament in Saturday's election after none of the three major coalitions won enough seats to form a majority, extending the political crisis in an economy on a fragile rebound. [Extracted from the article]

(Bloomberg) -- Malaysia saw its first-ever hung parliament in Saturday's election after none of the three major coalitions won enough seats to form a majority, extending the political crisis in an economy on a fragile rebound. While uncertainty remains, investors are expected to take the results in their stride as most have factored in a hung parliament as a "default position", according to analysts. [Extracted from the article]

(Bloomberg) -- Malaysia's stocks and the ringgit declined after Saturday's election produced the country's first-ever hung parliament, prolonging the political instability that has weighed on local markets for the past four years. Malaysia's benchmark stock index remains more than 20% below its April 2018 record, reflecting the political uncertainty. [Extracted from the article]

The yen's slide highlights the authorities' struggle to shore up the currency as the Bank of Japan's maintains an accommodative policy even as the Federal Reserve raises interest rates. (Bloomberg) -- The yen weakened back past 145 per dollar, setting the stage for Japan's authorities to potentially intervene to prop up the currency for a second time this year. [Extracted from the article]

"The yen is at risk of further depreciation as long as the BOJ's YCC remains in status quo and other central banks, including the Fed, continue to embark on tightening or policy normalization", said Christopher Wong, a strategist at Oversea-Chinese Banking Corp. Officials may intervene "but history suggests the impact may only be short-lived unless intervention is coordinated." (Bloomberg) -- The yen weakened past 145 per dollar, setting the stage for Japan's authorities to potentially intervene to prop up the currency for a second time this year. [Extracted from the article]

Pelosi Taiwan Trip to Hurt China Stocks, Boost USTs: Street Wrap The benchmark equity gauge has climbed more than 7% since reaching the year's low in July but remains almost 20% below the peak reached early this year. (Bloomberg) -- Taiwan stocks fell after an expected visit by US House Speaker Nancy Pelosi renewed concerns over an escalation of US-China tensions. [Extracted from the article]

Keywords: 0206021DMK; ASIA; BUSINESS; GOV; MARKETS; WORLD EN 0206021DMK ASIA BUSINESS GOV MARKETS WORLD (Bloomberg) -- Malaysia's attorney-general rejected attempts by financier Jho Low to reach a settlement in the 1MDB scandal, the New Straits Times reported. Jho Low, through his representatives, met with several government agencies including the Attorney-General's Chambers for the settlement earlier this year, the paper cited the AGC as saying in a statement. [Extracted from the article]

Bank Negara Malaysia increased the overnight policy rate by 25 basis points to 2.25%, a decision seen by 18 of the 19 economists surveyed by Bloomberg. Malaysia's central bank raised its benchmark interest rate for a second straight meeting in a bid to tame inflation, and said future moves will be gradual to continue supporting economic growth. [Extracted from the article]

(Bloomberg) -- Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its $286 million industry. Bank Negara Malaysia and the Securities Commission, the nation's markets regulator, will host the Royal Award for Islamic Finance 2022 on Oct. 4. [Extracted from the article]

"These commodity shocks and their impact on growth add to concerns the Fed's path is too hawkish", said Chris Rands, co-portfolio manager of the Yarra Australian Bond fund. (Bloomberg) -- The shock of surging oil prices cascaded through financial markets Monday as investors sought to price in the impact of a potentially prolonged period of higher global energy costs. [Extracted from the article]

(Bloomberg) -- The fallout from surging crude prices rippled through global markets Monday as traders hedged for the impact of expanding sanctions and a prolonged war in Ukraine. European currencies weakened, with the Polish zloty dropping to a record against the euro, while traders bought Treasuries. [Extracted from the article]

(Bloomberg) -- Tawfiq Ayman, the husband of former Malaysian central bank chief Zeti Akhtar Aziz, has denied taking bribes in relation to the 1MDB scandal, The Star reports, citing a statement issued through a law firm. He spoke after Tim Leissner, an ex-Goldman Sachs Group Inc. banker, said Tawfiq had been bribed before a large sum of money was transferred in connection with the scandal, according to the report. [Extracted from the article]

The parties last met in Malaysia in January and Rahim had said then that the meetings had progressed "very well", according to the report. (Bloomberg) -- Peace talks between the Thai government and rebels from southern Thailand will resume in Malaysia on March 7, according to a report in the Star newspaper, citing the facilitator for the negotiations. [Extracted from the article]

Core inflation is expected to edge higher as the economy reopens and commodity prices remain elevated, she said. Bank Negara Malaysia signaled it's not yet ready to withdraw policy support as the economy recovers, steering clear of the hawkish pivot undertaken by major central banks. [Extracted from the article]

Read more: Malaysia's Central Bank Studies Need for a Digital Currency What are the drivers behind your plan for digital insurers and takaful operators? For 2022, we will continue to work with market participants through the Financial Market Committee to further develop our market, including areas such as the collateralised funding market and the sustainable financing space. (Bloomberg) -- Malaysia is assessing the potential benefits of adopting a digital currency, as part of measures targeted at helping the country's financial services sector capitalize on the new technologies. [Extracted from the article]

(Bloomberg) -- Bank Negara Malaysia signaled it's not yet ready to withdraw policy support as the economy recovers, steering clear of the hawkish pivot undertaken by major central banks. The current policy stance is "appropriate and accommodative" and any adjustment will be data-dependent, Governor Nor Shamsiah Mohd Yunus said in an email interview. [Extracted from the article]

Keywords: 0206021DMK; ASIA; BUSINESS; GEN; GLOBALMACR; GOV; POL; WORLD EN 0206021DMK ASIA BUSINESS GEN GLOBALMACR GOV POL WORLD Malaysia's Finance Minister Zafrul Abdul Aziz said he isn't aware whether Najib Razak has been appointed as an adviser to the government, after a report said the former prime minister was offered a role to consult on the economy. Zafrul also said Malaysia has the monetary and fiscal room to support the recovery, and that the government can fund its planned record budget for 2022 via domestic bond issuances. [Extracted from the article]

(Bloomberg) -- Malaysia's Finance Minister Zafrul Abdul Aziz said he isn't aware that Najib Razak has been appointed as an adviser to the government, after a report said the former prime minister was offered a role to consult on the economy. Zafrul also said Malaysia has the monetary and fiscal room to support the recovery, and that the government can fund its planned record budget for 2022 via domestic bond issuances. [Extracted from the article]

Malaysia reached its target of fully vaccinating 90% of the adult population, a milestone that allows the government to lift a months-long ban on interstate travel. Malaysia's rapid vaccine rollout has allowed the government to gradually lift curbs on movement as it aims to reopen all economic and social sectors by the final quarter of the year. [Extracted from the article]

Malaysia reached its target of fully vaccinating 90% of the adult population, a milestone that allows the government to end a months-long ban on interstate travel. Malaysia's rapid vaccine rollout has allowed the government to gradually lift curbs on movements as it aims to reopen all economic and social sectors by the final quarter of the year. [Extracted from the article]

(Bloomberg) -- Malaysia's government and main opposition alliance signed an agreement on Monday to seek political stability in a nation that has seen three premiers in 18 months. Malaysia's king named Ismail the nation's third premier in less than two years, after determining that he had the support of 114 of the country's 220 lawmakers. [Extracted from the article]

(Bloomberg) -- Malaysia's government and main opposition alliance will sign an agreement on Monday to seek political stability in a nation that has seen three premiers in 18 months, a move that may also help Prime Minister Ismail Sabri Yaakob with any confidence vote. Malaysia's king named Ismail the nation's third premier in less than two years, after determining that he had the support of 114 of the country's 220 lawmakers. [Extracted from the article]

ALLTOP, ASIA, ASIATOP, GEN, GENTOP, GOV, POL, WORLD, WWTOP, WWTOPAS Keywords: ALLTOP; ASIA; ASIATOP; GEN; GENTOP; GOV; POL; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA ASIATOP GEN GENTOP GOV POL WORLD WWTOP WWTOPAS Malaysia's government and opposition will sign a memorandum on Monday to work together to strengthen the political stability to fight the pandemic, both sides said in a statement. QZCGXRDWRGG0 (Bloomberg) -- Malaysia's government and opposition will sign a memorandum on Monday to work together to strengthen the political stability to fight the pandemic, both sides said in a statement. [Extracted from the article]

(Bloomberg) -- Malaysian Prime Minister Ismail Sabri Yaakob has proposed an overhaul of rules governing the administration of government and lawmakers as parliament prepares to reconvene on Monday. "This offer is intended to create a new political landscape by instituting a transformation and reforms in the code of conduct in administration, especially in enhancing the role of parliament", Ismail Sabri said. [Extracted from the article]

Malaysia's economy shrank 2% in the second quarter on a seasonally adjusted basis compared to the previous three months, according to data from the central bank. While record-low interest rates provide stimulus for the economy, the central bank has policy space to do more if needed, Shamsiah said, as well as tools to keep financial markets orderly. [Extracted from the article]

(Bloomberg) -- Malaysia's worsening Covid outbreak is taking a toll on the ringgit but buoyant commodity prices may offer some support. Elevated crude and palm oil prices are likely to boost the nation's export earnings and offer some reprieve to a currency that has trailed all its Asian peers this month, according to Australia & New Zealand Banking Group Ltd. [Extracted from the article]

(Bloomberg) -- Malaysia's worsening Covid outbreak is taking a toll on the ringgit but buoyant commodity prices may offer some support. Elevated crude and palm oil prices are likely to boost the nation's export earnings and offer some reprieve to a currency that has trailed all its Asian peers this month, according to Australia & New Zealand Banking Group Ltd. [Extracted from the article]

(Bloomberg) -- Top Glove Corp., the world's biggest rubber glove maker, is seeking to raise as much as 7.77 billion ringgit ($1.9 billion) from a listing in Hong Kong to fund expansion and bolster its profile with overseas investors. The listing will also allow direct participation by new private and institutional investors in Hong Kong and North Asia including Chinese funds and wealth management investors in the equity of Top Glove, it said. [Extracted from the article]

(Bloomberg) -- Top Glove Corp., the world's biggest rubber glove maker, is seeking to raise as much as 7.77 billion ringgit ($1.9 billion) from a listing in Hong Kong to fund expansion and bolster its profile with overseas investors. At $1 billion-plus, Top Glove's listing would be the biggest ever by a Malaysian company in Hong Kong, according to data compiled by Bloomberg. [Extracted from the article]

(Bloomberg) -- Malaysia's yield curve is trading near the steepest in almost four years amid wider fiscal deficit concerns. While shorter-duration bonds have gained from reductions in benchmark rates, investors have shunned long-maturity bonds amid the expected decade-wide fiscal deficit in 2020 which is targeted at 6.0% of gross domestic product. Net foreign inflows has reached $2.7 billion year-to-date, but most of the global flows have so far benefited shorter-maturity bonds as investors positioned ahead of the central bank's rate cuts. [Extracted from the article]

(Bloomberg) -- Malaysia's yield curve is trading near the steepest in almost four years amid wider fiscal deficit concerns. While shorter-duration bonds have gained from reductions in benchmark rates, investors have shunned long-maturity bonds amid the expected decade-wide fiscal deficit in 2020 which is targeted at 6.0% of gross domestic product. Global funds Malaysia has enjoyed net foreign bond inflows so far this year, while Indonesia and Thailand have suffered net withdrawals. [Extracted from the article]

(Bloomberg) -- Malaysia's ringgit climbed to the strongest since July 2018, erasing its virus-fueled losses for the year. The ringgit has climbed with Asian peers this quarter as the dollar weakened and risk assets were boosted by Covid-19 vaccine developments. [Extracted from the article]

(Bloomberg) -- November was a testy month in Malaysian politics but you wouldn't know it by looking at bond inflows. Malaysia's political drama reached fever pitch in November as some lawmakers mounted an attack to oust Prime Minister Muhyiddin Yassin and infighting threatened to split the ruling coalition. [Extracted from the article]