Bank Negara Malaysia released its Annual Report 2023 on Wednesday, together with two other flagship publications — Economic and Monetary Review 2023, and Financial Stability Review for 2nd Half 2023 — in which the central bank shared its assessments on the nation's economy and financial system, current and potential risks, and actions taken to manage them.

10 key charts from BNM's Annual Report 2023

Malaysia will not be facing a balance of payment crisis, the central bank said on Wednesday, after the current-account surplus narrowed sharply to its lowest in 26 years.

Current-account surplus is expected to improve in 2024, mainly driven by growth in the tourism sector and export recovery this year, Bank Negara Malaysia’s deputy governor Marzunisham Omar told reporters following the release of the central bank’s annual report.

Malaysia will avoid balance of payment crisis as current-account surplus widens, BNM says

Malaysia has a “window of opportunity” to undertake the necessary structural reforms on the back of steady economic growth projections, coupled with moderating and stable inflationary pressures, said Bank Negara Malaysia governor Datuk Shaik Abdul Rasheed Abdul Ghaffour.

Malaysia has window of opportunity for structural reforms amid growth rebound and stable inflation, says BNM governor

Bank Negara Malaysia (BNM) strongly urged Malaysian businesses from all sectors to repatriate their overseas investment income and convert export proceeds back to ringgit to support the central bank's efforts to manage short-term pressure on the local currency.

BNM finds rising foreign currency holdings, widens calls for repatriation to bolster ringgit

KUALA LUMPUR (March 20): Bank Negara Malaysia expects wages to increase further in 2024 following slowdown last year, while the jobless rate will likely remain stable near its past trend.

Wages to increase further in 2024, jobless rate to stay stable, says BNM

The upcoming Consumer Credit Act (CCA), aimed to promote responsible practices among credit lending activities, does not address credit scoring services provided by credit reporting agencies (CRAs).

Credit scores have 'useful purpose', not addressed in Consumer Credit Act, says BNM deputy governor

KUALA LUMPUR (March 20): The impact of reform measures such as subsidy rationalisation are temporary in measure and as such, do not require monetary policy intervention, said Bank Negara Malaysia (BNM) on Wednesday.

Subsidy reform measures do not require monetary policy intervention, says BNM governor

Malaysia’s current-account surplus in the balance of payment is expected to improve this year following a sharp decline to a 26-year low in 2023, Bank Negara Malaysia (BNM) said.

BNM projects current-account surplus to improve this year after hitting 26-year low in 2023

KUALA LUMPUR (March 20): The profitability of insurance and takaful funds declined in the second half of 2023 (2H2023) due to larger net underwriting losses of life insurance and family takaful funds as a result of an increase in medical claims payments, said Bank Negara Malaysia (BNM).

BNM: Insurance and takaful funds’ profit dropped in 2H2023 as payments of medical claims increased

KUALA LUMPUR (March 20): Malaysian banks remain well-capitalised to absorb unexpected shocks and support financial intermediation in the economy, according to Bank Negara Malaysia.

BNM: Malaysia’s banking system remains well-capitalised, resilient against liquidity shock

Bank Negara Malaysia (BNM) has pledged a monetary policy stance supportive of the economy, even as the central bank flagged potential risks to inflation and growth as the government tightened its budget for subsidies.

BNM pledges supportive monetary policy, flags risks to inflation, growth

Bank Negara Malaysia (BNM) recorded a marginal growth of 2.4% in its net profit after tax (PAT) to RM7.16 billion for the financial year ended Dec 31, 2023 (FY2023), against RM6.99 billion in FY2022, according to its annual report released on Wednesday.

BNM records marginal 2.4% growth in PAT to RM7.16b in FY2023

The movement of the ringgit, which depreciated by 3.9% against the US dollar and by 3.7% against major trade partners in nominal effective terms, in recent times neither reflects the country’s economic fundamentals nor positive economic prospects, said Bank Negara Malaysia (BNM) in its Economic and Monetary Review 2023 report.

BNM: Ringgit fundamentally undervalued, will remain vulnerable to advanced economies' monetary policy trajectory

The National Scam Response Centre (NSRC) attended to 66,997 calls on online financial scams from the public in 2023, of which 25,991 calls were from scammed victims, according to Bank Negara Malaysia's (BNM) Annual Report 2023.

Calls from public about online scams jumped five-fold in 2023, says BNM

The Malaysian Communications and Multimedia Commission (MCMC) has assured that its directive to internet service providers (ISPs) to redirect domain name system (DNS) traffic using third-party DNS servers back to their servers will not affect, disrupt, or block users from accessing legitimate websites.

MCMC assures DNS redirection will safeguard access to legitimate websites

Kluang Umno Youth chief Syed Hussien Syed Abdullah has been picked as the Barisan Nasional (BN) candidate for the Mahkota state by-election on Sept 28.

Kluang Umno Youth chief Syed Hussien is BN candidate for Mahkota polls

Asia's most powerful storm this year made landfall in northern Vietnam on Saturday, the meteorological agency said, killing at least two people after tearing through China's island of Hainan, where it reportedly killed another two and injured dozens more.

Super Typhoon Yagi makes landfall in Vietnam after casualties in China

Communications Minister Fahmi Fadzil said the actions of social media providers in curbing criminal activities are still weak even though 21 discussions have been held between the ministry and all platforms so far.

Actions by social media providers to curb crime still weak, says Fahmi

Sultan of Perak Sultan Nazrin Shah has called for the restoration of humanity in finance, emphasising the importance of balancing economic growth with environmental stewardship and social inclusion.

Sultan Nazrin calls for restoration of humanity in finance

Indian education technology company Byju's auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju's said on Saturday.

Byju's auditor BDO resigns after start of bankruptcy proceedings, company says

Thailand’s newly appointed Prime Minister Paetongtarn Shinawatra vowed to push ahead with a controversial US$14 billion (RM60.67 billion) cash stimulus plan as her cabinet finalised a blueprint to free Southeast Asia’s second-largest economy from a prolonged period of low growth and chronic household debt.

New Thai PM to push ahead with cash stimulus to revive economy

His Majesty Sultan Ibrahim, King of Malaysia, on Saturday expressed his joy over improvements in the country’s economic situation and trade performance.

His Majesty hoped that the government would continue to work to stimulate the country’s economy to create more job opportunities and increase the income and living standards of the people.

King happy with country's economic, trade performance

Seven people were injured, with one hospitalised after a plane operated by Singapore Airlines Ltd’s budget carrier Scoot encountered turbulence during a flight from the city state to Guangzhou in China on Friday, the Straits Times reported on Saturday.

Seven injured on Singapore Airlines’ Scoot flight to China, says Straits Times

Boeing's Starliner spacecraft landed uncrewed in a New Mexico desert late on Friday, capping a three-month test mission hobbled by technical issues that forced the astronauts it had flown to the International Space Station to remain there until next year.

Without astronauts, Boeing's Starliner returns to Earth

<p>The Malaysian Communications and Multimedia Commission (MCMC) has assured that its directive to internet service providers (ISPs) to redirect domain name system (DNS) traffic using third-party DNS servers back to their servers will not affect, disrupt, or block users from accessing legitimate websites.</p>


<p>Kluang Umno Youth chief Syed Hussien Syed Abdullah has been picked as the Barisan Nasional (BN) candidate for the Mahkota state by-election on Sept 28.</p>


BNM Annual Report

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BNM Annual Report

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