Malaysia
Malaysia bars new foreign banks until 2007
Malaysia's central bank said on Mar 1, 2001 no new foreign banks will be allowed to enter the domestic market until after 2007, giving local banks time to prepare for a decade of trade liberalisation.
Did the Malaysian Capital Controls Work?-Kaplan
Ethan Kaplan and Dani Rodrik from the National Bureau of Economic Research have written an article "Did the Malaysian Capital Controls Work?" Compared to IMF programs, the authors find that the Malaysian policies produced faster economic recovery,…
Malaysian ringgit peg not misaligned-c.bank chief
Malaysia's central bank chief said on Feb 22 the ringgit, fixed at 3.8 per dollar in 1998, was not misaligned and the country's private businesses believed the peg should be retained.
Dual banking system viable in Malaysia - Zeti Aziz
The dual banking system - the side by side Islamic and conventional banking operations approach - has proven to be workable in Malaysia although it may not be applicable or suitable for others, Bank Negara Malaysia Governor Dr Zeti Akhtar Aziz said on…
Islamic banking needs standardisation - Iran gov
Dr Mohsen Nourbakhsh, Iran's Central Bank (CBI) Governor, said that Islamic banking has a lot of work to do in raising its international banking standards. "We have to strengthen the different interpretations of Shariah Law in order to harmonize the…
BIS urges vigilance on asset bubbles
It's time for central bankers to get tough on bubbles, according to a top official at the Bank for International Settlements. Overly high stock and property prices should prompt central bankers to take interest rate action in the same way rising wage…
Bank Negara reappoints Citibank as main dealer
Citibank announced on Feb. 5, 2001, its re-appointment by Bank Negara Malaysia for the year 2001 as a Principal Dealer of Malaysian Government Securities, Treasury Bills, Bank Negara Bills, Cagamas instruments, Khazanah Bonds and other approved…
Asean members sign new swap agreement
The 10 Asean members signed a new Asean Swap Arrangement (ASA) in November, providing a total of US$1 billion of financial support, said Bank Negara Malaysia in a statement on Dec 29, 2000.
International reserve level still strong, says BNM
Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
Malaysia banks gear up to tie merger knot
Malaysia's most ambitious financial sector consolidation takes shape from January when most of its banks finally tie the knot in government-ordered unions to fight foreign competitors.
Zeti gives Dec. 31 as deadline for bank mergers
Bank Negara governor, Datuk Dr Zeti Akhtar Aziz said today that the December 31 deadline for bank mergers remained unchanged.
Malaysia can keep lid on interest rates - Zeti
Malaysia can keep a lid on interest rates because of its low inflation and monetary policy is likely to remain accomodative to growth, Bank Negara governor Zeti Akhtar Aziz said on Wednesday.
Economists hit Malaysia's dollar peg
Malaysia should get rid of its currency peg to the dollar and fix the exchange rate to a trade-weighted basket of currencies instead, said several economists speaking at a conference in Kuala Lumpur.
Conference on future challenges to central bankers
To commemorate the establishment of the Tun Ismail Ali Chair in Monetary and Financial Economics at the University of Malaya, Bank Negara Malaysia organised a high level conference aimed at discussing issues and challenges facing central banks and policy…
Gold Medal Bank Negara Governor
The recently appointed governor of the Bank Negara Malaysis, Dr. Zeti Aziz, was given a National Women's Day award for her achievements to the national economy. She is the only female Asian central bank governor.