KUALA LUMPUR: Sebanyak 837 mukim di seluruh negara bakal menikmati kemudahan perkhidmatan perbankan sebenar dengan mudah melalui perkhidmatan ejen perbankan yang akan diperkenalkan.
Source from (The Star Online): http://mstar.com.my/berita/cerita.asp?file=/2012/8/15/mstar_berita/20120815203858&sec=mstar_berita
Published: August 16, 2012
Ejen perbankan, merupakan satu insiatif yang diperkenalkan oleh Bank Negara, dengan menggunakan perkhidmatan bukan bank di kedai-kedai runcit, pejabat pos, stesen minyak dan syarikat komunikasi terpilih akan menyediakan perkhidmatan perbankan kewangan bagi pihak institusi kewangan.
Semua ejen perbankan rasmi perlu mempamerkan logo rasmi agen perbankan negara bersama-sama dengan logo penyertaan institusi kewangan berkaitan.
"Ejen perbankan ini merupakan saluran kepada penduduk-penduduk yang tinggal di kawasan luar bandar dan pendalaman yang tidak mempunyai akses kepada bank.
"Ini bagi memastikan setiap lapisan masyarakat mempunyai akses kepada perkhidmatan perbankan dengan mudah," kata Gabenor Bank Negara Tan Sri Dr Zeti Akhtar Aziz semasa melancarkan logo perbankan agen negara di Bank Negara Malaysia di sini Rabu.
Thursday, August 16, 2012
Malaysia's Q2 Balance Of Payments Records Lower Surplus Of RM9.6 Billion
KUALA LUMPUR: Malaysia’s current account balance for the second quarter of this year (Q2 2012) showed a lower surplus of RM9.6 billion, down from RM18.1 billion attained a quarter ago, the Statistics Department said.
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=688429
Published: August 16, 2012
It said performance for the quarter reviewed was weighed down by lower surplus recorded in goods account, which declined by RM6.4 billion to RM29.4 billion, and an increase of income account, which was RM3.1 billion higher to RM11.7 billion in.
Year-on-year (YoY), the surplus on current account was reduced by RM13.4 billion from RM23 billion a year ago. Under the goods account for Q2 2012, goods exports free on board (f.o.b) rose to RM177.7 billion from RM174 billion in the first quarter (Q1).
Goods import f.o.b improved to RM148.2 billion compared with RM138.2 billion in the January-March 2012 period, the department said.
As for the service account, export of services posted a slight surplus of RM28.9 billion against RM27.9 billion in Q1 2012.
Import of services also advanced by RM0.7 billion from RM31.7 billion a quarter ago.
In the current quarter, income receipts (credit) stood at RM9 billion from RM9.6 billion in Q1, while income payments (debit) posted RM20.7 billion from RM18.2 billion.
At the same time, the net payments on current transfer narrowed to RM4.6 billion from Q1’s RM5.3 billion.
Both receipts and payments surged to record RM2.3 billion and RM6.9 billion, respectively.
YoY, the net payments on current transfer declined by 13.8 per cent from RM5.3 billion last year.
On the capital account for Q2 2012, the department said it recorded a lower net outflow of RM67 million from RM166 million in last quarter, due to lower net outflow on both capital transfers and non-produced, non-financial assets by RM60 million and RM40 million, respectively.
In the quarter under review, the financial account turned around to a net inflow of RM5.4 billion from a net outflow of RM10.3 billion previously.
This movement was driven by a switch in both other investment (from -RM26.1 billion to +RM5.9 billion) and direct investment (from -RM9.4 billion to +RM3.5 billion).
YoY, the financial account showed a lower net inflow by RM46.1 billion to RM5.4 billion from RM51.5 billion registered in 2011.
Meanwhile, the direct investment turned to a net inflow of RM3.5 billion from a net outflow of RM9.4 billion last quarter.
Portfolio investment, however, reverted to net outflow of RM5 billion from a net inflow of RM25.3 billion previously.
Other investment in Q2 this year has moved from net outflow of RM26.1 billion to a net inflow of RM5.9 billion, while YoY, it recorded a higher net inflow of RM5.9 billion from RM1.2 billion.
The international reserves of Bank Negara Malaysia increased by RM12.7 billion to RM428.8 billion as at end-June 2012.
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=688429
Published: August 16, 2012
It said performance for the quarter reviewed was weighed down by lower surplus recorded in goods account, which declined by RM6.4 billion to RM29.4 billion, and an increase of income account, which was RM3.1 billion higher to RM11.7 billion in.
Year-on-year (YoY), the surplus on current account was reduced by RM13.4 billion from RM23 billion a year ago. Under the goods account for Q2 2012, goods exports free on board (f.o.b) rose to RM177.7 billion from RM174 billion in the first quarter (Q1).
Goods import f.o.b improved to RM148.2 billion compared with RM138.2 billion in the January-March 2012 period, the department said.
As for the service account, export of services posted a slight surplus of RM28.9 billion against RM27.9 billion in Q1 2012.
Import of services also advanced by RM0.7 billion from RM31.7 billion a quarter ago.
In the current quarter, income receipts (credit) stood at RM9 billion from RM9.6 billion in Q1, while income payments (debit) posted RM20.7 billion from RM18.2 billion.
At the same time, the net payments on current transfer narrowed to RM4.6 billion from Q1’s RM5.3 billion.
Both receipts and payments surged to record RM2.3 billion and RM6.9 billion, respectively.
YoY, the net payments on current transfer declined by 13.8 per cent from RM5.3 billion last year.
On the capital account for Q2 2012, the department said it recorded a lower net outflow of RM67 million from RM166 million in last quarter, due to lower net outflow on both capital transfers and non-produced, non-financial assets by RM60 million and RM40 million, respectively.
In the quarter under review, the financial account turned around to a net inflow of RM5.4 billion from a net outflow of RM10.3 billion previously.
This movement was driven by a switch in both other investment (from -RM26.1 billion to +RM5.9 billion) and direct investment (from -RM9.4 billion to +RM3.5 billion).
YoY, the financial account showed a lower net inflow by RM46.1 billion to RM5.4 billion from RM51.5 billion registered in 2011.
Meanwhile, the direct investment turned to a net inflow of RM3.5 billion from a net outflow of RM9.4 billion last quarter.
Portfolio investment, however, reverted to net outflow of RM5 billion from a net inflow of RM25.3 billion previously.
Other investment in Q2 this year has moved from net outflow of RM26.1 billion to a net inflow of RM5.9 billion, while YoY, it recorded a higher net inflow of RM5.9 billion from RM1.2 billion.
The international reserves of Bank Negara Malaysia increased by RM12.7 billion to RM428.8 billion as at end-June 2012.
Pacuan domestik - BNM
MALAYSIA mencatatkan pertumbuhan Keluaran Dalam Negara Kasar (KDNK) sebanyak 5.4 peratus pada suku kedua 2012 berbanding 4.3 peratus yang dicatatkan dalam tempoh sama tahun lalu yang dipacu permintaan dalam negeri lebih kukuh.
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/Pacuandomestik/Article/index_html
Published: August 16, 2012
Gabenor Bank Negara Malaysia, Tan Sri Dr Zeti Akhtar Aziz berkata, permintaan domestik yang lebih kukuh disokong pertumbuhan dalam perbelanjaan kedua-dua sektor awam dan swasta, manakala jumlah eksport bersih direkodkan sederhana berikutan eksport yang lemah dan import lebih tinggi.
“Dari segi penawaran, kebanyakan sektor ekonomi utama terus berkembang yang diterajui sektor perkhidmatan, pembuatan dan pembinaan.
“Ini disokong aktiviti domestik dari sektor perkhidmatan iaitu komunikasi, hartanah dan perkhidmatan perniagaan dan subsektor kewangan insurans,” katanya pada sidang media di Kuala Lumpur, semalam.
Menurutnya, aktiviti berkenaan menyumbang kepada pembentukan modal tetap kasar kepada 26.1 peratus berbanding hanya 16.1 peratus yang dicatatkan pada suku pertama tahun ini.
“Penggunaan swasta mencatatkan pertumbuhan kukuh 8.8 peratus berikutan keadaan pasaran kerja yang teguh dan sentimen pengguna yang bertambah baik.
“Selain itu, inisiatif kerajaan seperti bantuan kewangan untuk isi rumah berpendapatan rendah dan peneroka Felda menjadi penyumbang kepada kenaikan perbelanjaan,” katanya.
Dalam pada itu, Zeti berkata, tawaran awam awal (IPO) bagi penyenaraian Felda Global Ventures Bhd (FGV) menjadi antara penyumbang kepada peningkatan dana daripada pasaran ekuiti.
“IPO bagi penyenaraian FGV yang juga kedua terbesar di dunia menjadi penyumbang terbesar kepada peningkatan dana iaitu sebanyak RM12.1 bilion berbanding RM1.3 bilion pada suku sebelumnya.
“Manakala, dana bersih yang diperoleh daripada pasaran modal berjumlah RM27.6 bilion pada suku kedua 2012 kebanyakannya dicatatkan daripada sektor swasta,” katanya.
Zeti berkata, ekonomi global terus pulih pada suku kedua tahun ini, namun pada kadar sederhana dan akan berdepan risiko yang semakin meningkat berpunca daripada perkembangan dalam beberapa ekonomi utama.
“Ketidakpastian mengenai dasar membelenggu krisis hutang kerajaan Eropah dan isu fiskal di Amerika Syarikat dijangka memberi kesan ke atas sentimen pasaran dan prospek pertumbuhan,” katanya.
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/Pacuandomestik/Article/index_html
Published: August 16, 2012
Gabenor Bank Negara Malaysia, Tan Sri Dr Zeti Akhtar Aziz berkata, permintaan domestik yang lebih kukuh disokong pertumbuhan dalam perbelanjaan kedua-dua sektor awam dan swasta, manakala jumlah eksport bersih direkodkan sederhana berikutan eksport yang lemah dan import lebih tinggi.
“Dari segi penawaran, kebanyakan sektor ekonomi utama terus berkembang yang diterajui sektor perkhidmatan, pembuatan dan pembinaan.
“Ini disokong aktiviti domestik dari sektor perkhidmatan iaitu komunikasi, hartanah dan perkhidmatan perniagaan dan subsektor kewangan insurans,” katanya pada sidang media di Kuala Lumpur, semalam.
Menurutnya, aktiviti berkenaan menyumbang kepada pembentukan modal tetap kasar kepada 26.1 peratus berbanding hanya 16.1 peratus yang dicatatkan pada suku pertama tahun ini.
“Penggunaan swasta mencatatkan pertumbuhan kukuh 8.8 peratus berikutan keadaan pasaran kerja yang teguh dan sentimen pengguna yang bertambah baik.
“Selain itu, inisiatif kerajaan seperti bantuan kewangan untuk isi rumah berpendapatan rendah dan peneroka Felda menjadi penyumbang kepada kenaikan perbelanjaan,” katanya.
Dalam pada itu, Zeti berkata, tawaran awam awal (IPO) bagi penyenaraian Felda Global Ventures Bhd (FGV) menjadi antara penyumbang kepada peningkatan dana daripada pasaran ekuiti.
“IPO bagi penyenaraian FGV yang juga kedua terbesar di dunia menjadi penyumbang terbesar kepada peningkatan dana iaitu sebanyak RM12.1 bilion berbanding RM1.3 bilion pada suku sebelumnya.
“Manakala, dana bersih yang diperoleh daripada pasaran modal berjumlah RM27.6 bilion pada suku kedua 2012 kebanyakannya dicatatkan daripada sektor swasta,” katanya.
Zeti berkata, ekonomi global terus pulih pada suku kedua tahun ini, namun pada kadar sederhana dan akan berdepan risiko yang semakin meningkat berpunca daripada perkembangan dalam beberapa ekonomi utama.
“Ketidakpastian mengenai dasar membelenggu krisis hutang kerajaan Eropah dan isu fiskal di Amerika Syarikat dijangka memberi kesan ke atas sentimen pasaran dan prospek pertumbuhan,” katanya.
DRB-Hicom’s Gadek gets BNM nod to start UAG, UAL stake disposal talks
KUALA LUMPUR (Aug 15): DRB-Hicom Bhd’s unit Gadek (Malaysia) Bhd has
received Bank Negara Malaysia’s approval to commence preliminary
negotiations in relation to the possible disposal on its equity
interests in in Uni.Asia General Insurance Berhad (“UAG”) and Uni.Asia
Life Assurance Berhad (UAL).
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218771-drb-hicoms-gadek-gets-bnm-nod-to-start-uag-ual-stake-disposal-talks-.html
Published: August 16, 2012
UAG and UAL are respectively 68.1% and 100.0% owned by Uni.Asia Capital Sdn Bhd (“UAC”) which is in turn a 51.0% owned subsidiary of Gadek.
The remaining 49.0% equity interest in UAC is held by United Overseas Bank (Malaysia) Berhad (UOB).
In a filing Wednesday, DRB-Hicom said Gadek had received expressions of interest from certain parties to explore the possibility of acquiring an equity interest in UAG and UAL.
It said Gadek, UOB and the relevant parties would be required to obtain the prior approval of the Minister of Finance, with the recommendation of BNM, pursuant to the Insurance Act, 1996 before entering into any agreement to effect the above disposal.
received Bank Negara Malaysia’s approval to commence preliminary
negotiations in relation to the possible disposal on its equity
interests in in Uni.Asia General Insurance Berhad (“UAG”) and Uni.Asia
Life Assurance Berhad (UAL).
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218771-drb-hicoms-gadek-gets-bnm-nod-to-start-uag-ual-stake-disposal-talks-.html
Published: August 16, 2012
UAG and UAL are respectively 68.1% and 100.0% owned by Uni.Asia Capital Sdn Bhd (“UAC”) which is in turn a 51.0% owned subsidiary of Gadek.
The remaining 49.0% equity interest in UAC is held by United Overseas Bank (Malaysia) Berhad (UOB).
In a filing Wednesday, DRB-Hicom said Gadek had received expressions of interest from certain parties to explore the possibility of acquiring an equity interest in UAG and UAL.
It said Gadek, UOB and the relevant parties would be required to obtain the prior approval of the Minister of Finance, with the recommendation of BNM, pursuant to the Insurance Act, 1996 before entering into any agreement to effect the above disposal.
Malaysia's economy up 5.4% in Q2, manufacturing, demand support growth
KUALA LUMPUR: Malaysia's economic growth, as measured by gross domestic product (GDP), for the second quarter ended June 30 rose by an unexpected 5.4% year-on-year, underpinned by an expansion in manufacturing and robust domestic demand.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/16/business/11865578&sec=business
Published: August 16, 2012
Source from (The Sun Daily): http://biz.thestar.com.my/news/story.asp?file=/2012/8/16/business/11865578&sec=business
/> Published: August 16, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=688413
Published: August 16, 2012
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218772-malaysias-gdp-grew-54-y-o-y-in-2q-beats-forecast.html
Published: August 16, 2012
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218777-malaysia-2q-sees-inflows-of-rm54b-vs-outflow-in-1q.html
Published: August 16, 2012
GDP growth for the first quarter was revised to 4.9% from 4.7%, while growth for the first half of the year stood at 5.1% compared with the same period a year ago. Compared with the first quarter, GDP expanded by 3%.
In the supply side of the economy, only the agricultural sector saw a contraction due to lower crude palm oil production. Manufacturing, services, construction and mining all posted growth. Domestic demand jumped 13.8% for the quarter and rose 11.8% for the first-half.
The country's second-quarter GDP numbers came as a surprise to many economists, whose median forecast was for a 4.6% expansion. Growth for the quarter even exceeded the most optimistic forecast of 5.2%.
Zeti (far right) attending the briefing. With her are other Bank Negara officials
Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said at a briefing following the release of the GDP data that the surge in private investment was the most encouraging aspect of the economy.
“Private investment has made a strong return because the investment climate has improved tremendously, with Malaysia moving up the rankings of various surveys in terms of competitiveness, costs and ease of doing business,” she said.
Zeti said the improvement was underscored by the higher implementation of investments by domestic and foreign investors. She added that civil engineering projects in the oil and gas, transport, utilities and services industries had helped spur growth in the construction sector.
By numbers, investments from the public and private sectors jumped 26.1% year-on-year for the quarter under review, with the first half rising 21.3%.
By sector, private investments rose 24.6% while public investments surged 28.9%. For the first half, private sector investments grew 22.4% while public sector investments expanded 19.5%.
Consumption rose 8.9% for the quarter and 11.8% in the first half. By sector, private consumption increased 8.8% for the quarter and 8.1% for the first half while public consumption expanded 9.4% for the quarter and 8.4% in the first half.
Zeti said monetary policy continued to be supportive of growth and that for the rest of the year, risks weighed on growth rather than on inflation with external headwinds still overshadowing the outlook.
She said it would take time for the global economy to recover and this would need action from various stakeholders.
“At this point, we're maintaining our forecast of 4% to 5% GDP growth for the year but this may change when the budget is announced (on Sept 28). This will come in at the upper range of the forecast if growth is robust,” Zeti added.
Alliance Investment Bank Bhd chief economist Manokaran Mottain has revised GDP growth for the year to 4.7% from 4.5% previously, with the second half to record growth of 4.5%.
He told StarBiz the third quarter would see expansion at its slowest.
Manokaran said despite the surprising growth figures, the global and domestic economy's outlook for the rest of the year would still be dampened by the eurozone debt crisis, slower expansion in China and tepid growth in the United States.
“We believe the eurozone crisis will continue to have an impact on trade and this will show itself in slower exports growth,” he said.
He added that with a drop in manufacturing activity, sentiments would be affected, leading to slower growth in the domestic-oriented services sector as consumption slowed.
Manokaran said Purchasing Managers Index (PMI) for July indicated that exports would slow as demand dropped in developed markets.
CIMB Investment Bank Bhd economic research head Lee Heng Guie said in a report that the leading index for June suggested that the economy could weaken in the second half.
“We caution that a sharply high base in the second half of last year poses a hurdle to year-on-year growth,” he said.
He pointed out that the global Organisation for Economic Co-operation and Development composite leading together with regional high-frequency indicators, including trade and PMI, were still under external pressures.
Meanwhile, the Statistics Department released data showing that July prices as measured by the Consumer Price Index gained 1.4% year-on-year to 104.8 and remained unchanged compared with the previous month.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/16/business/11865578&sec=business
Published: August 16, 2012
Source from (The Sun Daily): http://biz.thestar.com.my/news/story.asp?file=/2012/8/16/business/11865578&sec=business
/> Published: August 16, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=688413
Published: August 16, 2012
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218772-malaysias-gdp-grew-54-y-o-y-in-2q-beats-forecast.html
Published: August 16, 2012
Source from (The Edge Malaysia): http://www.theedgemalaysia.com/business-news/218777-malaysia-2q-sees-inflows-of-rm54b-vs-outflow-in-1q.html
Published: August 16, 2012
GDP growth for the first quarter was revised to 4.9% from 4.7%, while growth for the first half of the year stood at 5.1% compared with the same period a year ago. Compared with the first quarter, GDP expanded by 3%.
In the supply side of the economy, only the agricultural sector saw a contraction due to lower crude palm oil production. Manufacturing, services, construction and mining all posted growth. Domestic demand jumped 13.8% for the quarter and rose 11.8% for the first-half.
The country's second-quarter GDP numbers came as a surprise to many economists, whose median forecast was for a 4.6% expansion. Growth for the quarter even exceeded the most optimistic forecast of 5.2%.
Zeti (far right) attending the briefing. With her are other Bank Negara officials
Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said at a briefing following the release of the GDP data that the surge in private investment was the most encouraging aspect of the economy.
“Private investment has made a strong return because the investment climate has improved tremendously, with Malaysia moving up the rankings of various surveys in terms of competitiveness, costs and ease of doing business,” she said.
Zeti said the improvement was underscored by the higher implementation of investments by domestic and foreign investors. She added that civil engineering projects in the oil and gas, transport, utilities and services industries had helped spur growth in the construction sector.
By numbers, investments from the public and private sectors jumped 26.1% year-on-year for the quarter under review, with the first half rising 21.3%.
By sector, private investments rose 24.6% while public investments surged 28.9%. For the first half, private sector investments grew 22.4% while public sector investments expanded 19.5%.
Consumption rose 8.9% for the quarter and 11.8% in the first half. By sector, private consumption increased 8.8% for the quarter and 8.1% for the first half while public consumption expanded 9.4% for the quarter and 8.4% in the first half.
Zeti said monetary policy continued to be supportive of growth and that for the rest of the year, risks weighed on growth rather than on inflation with external headwinds still overshadowing the outlook.
She said it would take time for the global economy to recover and this would need action from various stakeholders.
“At this point, we're maintaining our forecast of 4% to 5% GDP growth for the year but this may change when the budget is announced (on Sept 28). This will come in at the upper range of the forecast if growth is robust,” Zeti added.
Alliance Investment Bank Bhd chief economist Manokaran Mottain has revised GDP growth for the year to 4.7% from 4.5% previously, with the second half to record growth of 4.5%.
He told StarBiz the third quarter would see expansion at its slowest.
Manokaran said despite the surprising growth figures, the global and domestic economy's outlook for the rest of the year would still be dampened by the eurozone debt crisis, slower expansion in China and tepid growth in the United States.
“We believe the eurozone crisis will continue to have an impact on trade and this will show itself in slower exports growth,” he said.
He added that with a drop in manufacturing activity, sentiments would be affected, leading to slower growth in the domestic-oriented services sector as consumption slowed.
Manokaran said Purchasing Managers Index (PMI) for July indicated that exports would slow as demand dropped in developed markets.
CIMB Investment Bank Bhd economic research head Lee Heng Guie said in a report that the leading index for June suggested that the economy could weaken in the second half.
“We caution that a sharply high base in the second half of last year poses a hurdle to year-on-year growth,” he said.
He pointed out that the global Organisation for Economic Co-operation and Development composite leading together with regional high-frequency indicators, including trade and PMI, were still under external pressures.
Meanwhile, the Statistics Department released data showing that July prices as measured by the Consumer Price Index gained 1.4% year-on-year to 104.8 and remained unchanged compared with the previous month.
Ekonomi Malaysia berkembang 5.4 peratus pada suku kedua
KUALA LUMPUR - Ekonomi Malaysia berkembang 5.4 peratus pada suku kedua tahun ini berbanding 4.3 peratus pada suku yang sama tahun lepas, dipacu oleh permintaan domestik yang lebih kukuh, kata Gabenor Bank Negara Malaysia (BNM) Tan Sri Dr Zeti Akhtar Aziz hari ini.
Source from (Bernama): http://www.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=688410
Published: August 16, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/ekonomi-malaysia-berkembang-5-4-peratus-pada-suku-kedua-1.77010
Published: August 16, 2012
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120816/ek_01/Ekonomi-negara-tumbuh-54
Published: August 16, 2012
Zeti Akhtar Aziz memasukkan kad semasa melancarkan logo Perbankan Ejen di Bank Negara Malaysia, Kuala Lumpur, semalam. Turut hadir (dari kiri) Kamari Zaman Juhari, Adinan Maning, Muhammad Ibrahim dan Datuk Seri Abdul Wahid Omar.
Bank Negara Malaysia (BNM) juga yakin kadar keluaran dalam negara kasar (KDNK) tahun ini akan kekal 4.0 peratus hingga 5.0 peratus dengan menghampiri nilai tinggi.
Gabenor BNM, Tan Sri Zeti Akhtar Aziz berkata, pertumbuhan memberangsangkan bagi suku kedua itu dipacu oleh permintaan dalam negeri yang kukuh iaitu menyaksikan peningkatan sebanyak 13.8 peratus.
"Pertumbuhan itu juga disokong oleh perbelanjaan sektor swasta dan awam yang meningkat dengan teguh.
"Eksport bersih pula terus sederhana disebabkan eksport yang lemah dan import yang lebih tinggi.
"Dari segi penawaran, kebanyakan sektor ekonomi utama negara terus berkembang dipacu oleh sektor perkhidmatan, perkilangan dan pembinaan," katanya.
Beliau berkata demikian ketika mengumumkan prestasi ekonomi Malaysia bagi suku kedua di sini hari ini.
Turut hadir Timbalan Gabenor, Datuk Muhammad Ibrahim, Presiden Persatuan Bank-bank Malaysia, Datuk Seri Abdul Wahid Omar,Presiden Persatuan Institusi-institusi Pembangunan Kewangan Malaysia, Datuk Adinan Maning dan Pengarah Pembangunan Kewangan dan Enterprise BNM, Kamari Zaman Juhari.
Bagi separuh pertama tahun ini, pertumbuhan sebanyak 5.1 peratus telah dicatat berbanding 4.7 peratus bagi tempoh yang sama tahun lalu.
Tambah Zeti, penggunaan swasta mencatat pertumbuhan yang kukuh sebanyak 8.8 peratus, hasil sokongan daripada keadaan pasaran pekerja yang teguh, kenaikan yang nyata dalam pendapatan serta sentimen pengguna yang bertambah baik.
"Penggunaan awam meningkat sebanyak 9.4 peratus, dipacu oleh perbelanjaan yang lebih tinggi ke atas emolumen serta bekalan dan perkhidmatan," jelasnya.
Sementara itu, kadar inflasi seperti yang diukur oleh perubahan tahunan dalam Indeks Harga Pengguna (IHP), menjadi sederhana kepada 1.7 peratus pada suku kedua berbanding 2.3 peratus pada suku pertama, katanya.
Manakala, kadar dasar semalaman (OPR) tidak berubah pada 3.00 peratus pada suku kedua 2012 bagi terus menyokong kegiatan ekonomi.
Zeti berkata, kestabilan kewangan kekal utuh sepanjang suku kedua 2012, disokong oleh permodalan institusi kewangan yang teguh dan keadaan pasaran kewangan yang terurus.
"Pasaran kewangan terus menunjukkan keupayaan yang tinggi untuk menghadapi kejutan luaran dan ketidaktentuan akibat risiko hutang kerajaan di kawasan Euro yang semakin meruncing," katanya.
Source from (Bernama): http://www.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=688410
Published: August 16, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/ekonomi-malaysia-berkembang-5-4-peratus-pada-suku-kedua-1.77010
Published: August 16, 2012
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120816/ek_01/Ekonomi-negara-tumbuh-54
Published: August 16, 2012
Zeti Akhtar Aziz memasukkan kad semasa melancarkan logo Perbankan Ejen di Bank Negara Malaysia, Kuala Lumpur, semalam. Turut hadir (dari kiri) Kamari Zaman Juhari, Adinan Maning, Muhammad Ibrahim dan Datuk Seri Abdul Wahid Omar.
Bank Negara Malaysia (BNM) juga yakin kadar keluaran dalam negara kasar (KDNK) tahun ini akan kekal 4.0 peratus hingga 5.0 peratus dengan menghampiri nilai tinggi.
Gabenor BNM, Tan Sri Zeti Akhtar Aziz berkata, pertumbuhan memberangsangkan bagi suku kedua itu dipacu oleh permintaan dalam negeri yang kukuh iaitu menyaksikan peningkatan sebanyak 13.8 peratus.
"Pertumbuhan itu juga disokong oleh perbelanjaan sektor swasta dan awam yang meningkat dengan teguh.
"Eksport bersih pula terus sederhana disebabkan eksport yang lemah dan import yang lebih tinggi.
"Dari segi penawaran, kebanyakan sektor ekonomi utama negara terus berkembang dipacu oleh sektor perkhidmatan, perkilangan dan pembinaan," katanya.
Beliau berkata demikian ketika mengumumkan prestasi ekonomi Malaysia bagi suku kedua di sini hari ini.
Turut hadir Timbalan Gabenor, Datuk Muhammad Ibrahim, Presiden Persatuan Bank-bank Malaysia, Datuk Seri Abdul Wahid Omar,Presiden Persatuan Institusi-institusi Pembangunan Kewangan Malaysia, Datuk Adinan Maning dan Pengarah Pembangunan Kewangan dan Enterprise BNM, Kamari Zaman Juhari.
Bagi separuh pertama tahun ini, pertumbuhan sebanyak 5.1 peratus telah dicatat berbanding 4.7 peratus bagi tempoh yang sama tahun lalu.
Tambah Zeti, penggunaan swasta mencatat pertumbuhan yang kukuh sebanyak 8.8 peratus, hasil sokongan daripada keadaan pasaran pekerja yang teguh, kenaikan yang nyata dalam pendapatan serta sentimen pengguna yang bertambah baik.
"Penggunaan awam meningkat sebanyak 9.4 peratus, dipacu oleh perbelanjaan yang lebih tinggi ke atas emolumen serta bekalan dan perkhidmatan," jelasnya.
Sementara itu, kadar inflasi seperti yang diukur oleh perubahan tahunan dalam Indeks Harga Pengguna (IHP), menjadi sederhana kepada 1.7 peratus pada suku kedua berbanding 2.3 peratus pada suku pertama, katanya.
Manakala, kadar dasar semalaman (OPR) tidak berubah pada 3.00 peratus pada suku kedua 2012 bagi terus menyokong kegiatan ekonomi.
Zeti berkata, kestabilan kewangan kekal utuh sepanjang suku kedua 2012, disokong oleh permodalan institusi kewangan yang teguh dan keadaan pasaran kewangan yang terurus.
"Pasaran kewangan terus menunjukkan keupayaan yang tinggi untuk menghadapi kejutan luaran dan ketidaktentuan akibat risiko hutang kerajaan di kawasan Euro yang semakin meruncing," katanya.
Tuesday, August 14, 2012
Moody's readjusts ceilings for Malaysia
SINGAPORE: Moody's Investors Service has yesterday adjusted the foreign currency bond and local currency country risk ceilings for Malaysia. In a statement, it said the sovereign rating of the Malaysian government is unaffected by these changes.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/mudi/Article/
Published: August 14, 2012
The change in ceilings means that the highest rating that can be assigned to a domestic issuer in Malaysia, or to a structured finance security backed by local currency receivables, is now as follows:
The long-term foreign currency bond ceiling was raised to A1 from A3; the long-term foreign currency deposit ceiling remained at A3; the short-term foreign currency bond and deposit ceilings also remained unchanged at P-1; and the long-term local currency bond and deposit ceilings were lowered to A1 from Aa2.
Moody's said its decision to re-adjust the country ceilings for Malaysia is based on its assessment of moratorium risks, given the country's ability and willingness to service both its public and private cross-border debt obligations.
It is largely due to healthy current account surpluses, Malaysia
has amassed a substantial foreign exchange reserve buffer over the past
decade, especially since the global financial crisis, it said.
Simultaneously, Malaysia had continued to rely primarily on local currency instruments for financing - 96.5 per cent of direct government debt is denominated in ringgit as of the third quarter of 2012 - and the growth of the private sector's foreign currency indebtedness has remained manageable.
Thus, given ample reserve adequacy, the imposition of a moratorium on foreign exchange in the event of a government default is unlikely, Moody's said.
Since the complete dismantling of selective capital controls early last decade and the subsequent liberalisation of the exchange rate in 2005, non-resident absorption of Malaysian government securities had risen substantially.
Over the same period, Malaysia has sustained its role as the largest centre for Islamic finance, it said.
According to the Securities Commission, two-thirds of total sukuk outstanding globally as of end-June 2012 was issued in Malaysia.
Malaysia may be compelled to sustain capital account convertibility in order to maintain its market share for sukuk issuance, as well as ensure favourable financing conditions for the government. Bernama
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/mudi/Article/
Published: August 14, 2012
The change in ceilings means that the highest rating that can be assigned to a domestic issuer in Malaysia, or to a structured finance security backed by local currency receivables, is now as follows:
The long-term foreign currency bond ceiling was raised to A1 from A3; the long-term foreign currency deposit ceiling remained at A3; the short-term foreign currency bond and deposit ceilings also remained unchanged at P-1; and the long-term local currency bond and deposit ceilings were lowered to A1 from Aa2.
Moody's said its decision to re-adjust the country ceilings for Malaysia is based on its assessment of moratorium risks, given the country's ability and willingness to service both its public and private cross-border debt obligations.
Simultaneously, Malaysia had continued to rely primarily on local currency instruments for financing - 96.5 per cent of direct government debt is denominated in ringgit as of the third quarter of 2012 - and the growth of the private sector's foreign currency indebtedness has remained manageable.
Thus, given ample reserve adequacy, the imposition of a moratorium on foreign exchange in the event of a government default is unlikely, Moody's said.
Since the complete dismantling of selective capital controls early last decade and the subsequent liberalisation of the exchange rate in 2005, non-resident absorption of Malaysian government securities had risen substantially.
Over the same period, Malaysia has sustained its role as the largest centre for Islamic finance, it said.
According to the Securities Commission, two-thirds of total sukuk outstanding globally as of end-June 2012 was issued in Malaysia.
Malaysia may be compelled to sustain capital account convertibility in order to maintain its market share for sukuk issuance, as well as ensure favourable financing conditions for the government. Bernama
Sunday, August 12, 2012
Malaysia punyai pasaran sukuk terbesar, empat jenis diterbitkan
BERASASKAN statistik Bank Negara Malaysia (BNM), Malaysia mempunyai pasaran sukuk terbesar di dunia buat masa ini. Memandangkan sukuk berjumlah AS$58 bilion (RM185.6 bilion) berasal dari negara kita, ini bermakna 69 peratus daripada seluruh terbitan pasaran global bagi 2011 berasal dari sini.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120811/ek_04/Malaysia-punyai-pasaran-sukuk-terbesar-empat-jenis-diterbitkan
Published: August 12, 2012
Di negara kita, sukuk dikawal selia di bawah bidang kuasa luas Suruhanjaya Sekuriti (SC). Majlis Penasihat Syariah (SAC) bagi SC, yang bertanggungjawab terhadap semua hal-ehwal syariah berkaitan terbitan pasaran modal Islam, mengawal asas hukum Syariah bagi struktur sukuk.
Dari sudut praktikal, sukuk boleh ditakrifkan sebagai dokumen yang membuktikan kewajipan kewangan (hutang atau bukan hutang) bagi pengeluarnya yang timbul daripada urus niaga asas berdasarkan prinsip syariah. Struktur sukuk yang diterbitkan setakat ini terutamanya berpandukan kepada dua prinsip utama: Kontrak Pertukaran (Uqud al Muawadat) atau Kontrak Penyertaan (Uqud al-Isytirak).
Kontrak Pertukaran (Uqud al Muawadat). Dua prinsip yang diguna pakai secara umum ialah (a) Murabaha/Istisna' atau (b) Ijarah, yang masing-masing memerlukan pembelian terdahulu dan jualan selanjutnya (untuk (a)) atau pajakan balik (untuk (b)) aset yang dikenal pasti kepada pelanggan atas dasar harga jualan tertunda (untuk (a)) atau pembayaran sewa pajak masa depan (untuk (b)).
Kontrak Penyertaan (Uqud al-Isytirak). Pada amnya, struktur ini adalah berasaskan pelaburan perkongsian pendapatan di bawah 'Sijil Amanah' atau 'Sekuriti Penyertaan' yang memberikan pelabur kepentingan atau pegangan yang sekadar dan tidak dibahagikan dalam aset asas dan aliran tunai dengan risiko pendedahan yang berkaitan.
Empat jenis sukuk utama telah diterbitkan di Malaysia setakat ini: Sukuk Murabahah, Sukuk Ijarah, Sukuk Musyarakah dan Sukuk Mudharabah.
Sukuk Murabahah dan Istisna' ialah sijil yang menunjukkan keberhutangan pengeluar kepada pelabur, yang timbul daripada mana-mana kontrak pertukaran yang dinyatakan di atas di antara mereka.
Sukuk Ijarah ialah sijil yang menjadi bukti pemilikan pelabur bagi aset yang dipajak dan hak kepada pendapatan yang dijana daripada aset tersebut.
Sukuk Musyarakah ialah sijil yang menjadi bukti penyertaan pro rata tidak terbahagi pelabur atas dasar untung dan rugi dalam kegiatan komersial asas dengan salah satu pihak dilantik sebagai rakan kongsi urusan untuk menguruskan kegiatan.
Sukuk Mudharabah ialah sijil yang menjadi bukti penyertaan pelabur atas dasar perkongsian untung dalam kegiatan komersial asas. Pengurusan dilakukan oleh mudharib (usahawan).
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120811/ek_04/Malaysia-punyai-pasaran-sukuk-terbesar-empat-jenis-diterbitkan
Published: August 12, 2012
Di negara kita, sukuk dikawal selia di bawah bidang kuasa luas Suruhanjaya Sekuriti (SC). Majlis Penasihat Syariah (SAC) bagi SC, yang bertanggungjawab terhadap semua hal-ehwal syariah berkaitan terbitan pasaran modal Islam, mengawal asas hukum Syariah bagi struktur sukuk.
Dari sudut praktikal, sukuk boleh ditakrifkan sebagai dokumen yang membuktikan kewajipan kewangan (hutang atau bukan hutang) bagi pengeluarnya yang timbul daripada urus niaga asas berdasarkan prinsip syariah. Struktur sukuk yang diterbitkan setakat ini terutamanya berpandukan kepada dua prinsip utama: Kontrak Pertukaran (Uqud al Muawadat) atau Kontrak Penyertaan (Uqud al-Isytirak).
Kontrak Pertukaran (Uqud al Muawadat). Dua prinsip yang diguna pakai secara umum ialah (a) Murabaha/Istisna' atau (b) Ijarah, yang masing-masing memerlukan pembelian terdahulu dan jualan selanjutnya (untuk (a)) atau pajakan balik (untuk (b)) aset yang dikenal pasti kepada pelanggan atas dasar harga jualan tertunda (untuk (a)) atau pembayaran sewa pajak masa depan (untuk (b)).
Kontrak Penyertaan (Uqud al-Isytirak). Pada amnya, struktur ini adalah berasaskan pelaburan perkongsian pendapatan di bawah 'Sijil Amanah' atau 'Sekuriti Penyertaan' yang memberikan pelabur kepentingan atau pegangan yang sekadar dan tidak dibahagikan dalam aset asas dan aliran tunai dengan risiko pendedahan yang berkaitan.
Empat jenis sukuk utama telah diterbitkan di Malaysia setakat ini: Sukuk Murabahah, Sukuk Ijarah, Sukuk Musyarakah dan Sukuk Mudharabah.
Sukuk Murabahah dan Istisna' ialah sijil yang menunjukkan keberhutangan pengeluar kepada pelabur, yang timbul daripada mana-mana kontrak pertukaran yang dinyatakan di atas di antara mereka.
Sukuk Ijarah ialah sijil yang menjadi bukti pemilikan pelabur bagi aset yang dipajak dan hak kepada pendapatan yang dijana daripada aset tersebut.
Sukuk Musyarakah ialah sijil yang menjadi bukti penyertaan pro rata tidak terbahagi pelabur atas dasar untung dan rugi dalam kegiatan komersial asas dengan salah satu pihak dilantik sebagai rakan kongsi urusan untuk menguruskan kegiatan.
Sukuk Mudharabah ialah sijil yang menjadi bukti penyertaan pelabur atas dasar perkongsian untung dalam kegiatan komersial asas. Pengurusan dilakukan oleh mudharib (usahawan).
Friday, August 10, 2012
Bekalan wang kertas baru mencukupi, kata BNM
KUALA LUMPUR: Wang kertas baru mencukupi untuk memenuhi permintaan musim perayaan bagi urus niaga perniagaan dan pembayaran, kata Bank Negara Malaysia (BNM).
Source from (Bernama): http://www.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=687196
Published: August 10, 2012
Dalam satu kenyataan hari ini, BNM berkata semua bank komersial dikehendaki memastikan cawangan mereka mempunyai bekalan wang kertas mencukupi bagi memenuhi permintaan orang ramai.
Bagi mereka yang menghadapi sebarang kesukaran mendapatkan wang kertas baru, boleh menghubungi hotline 03-26907613; 03- 26988044 sambungan 7402/8658 atau emel ncs@bnm.gov.my. - Bernama
Source from (Bernama): http://www.bernama.com/bernama/v7/bm/bu/newsbusiness.php?id=687196
Published: August 10, 2012
Dalam satu kenyataan hari ini, BNM berkata semua bank komersial dikehendaki memastikan cawangan mereka mempunyai bekalan wang kertas mencukupi bagi memenuhi permintaan orang ramai.
Bagi mereka yang menghadapi sebarang kesukaran mendapatkan wang kertas baru, boleh menghubungi hotline 03-26907613; 03- 26988044 sambungan 7402/8658 atau emel ncs@bnm.gov.my. - Bernama
Let Seng Enterprises Sdn Bhd Charged for Illegal Money Services Business
Bank Negara Malaysia today charged Let Seng Enterprises Sdn Bhd and its
director, Koh Chye Teck at the Kota Tinggi Sessions Court under section
4(1) of the Money Services Business Act 2011, for operating a money
services business (money changing) without a valid licence on its
premises at No. 72, Jalan Besar, Sungai Rengit, 81620 Pengerang, Johor.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120810124614/Article/index_html
Published: August 08, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=687124
Published: August 08, 2012
Since coming into force, Let Seng Enterprises Sdn Bhd is the first case prosecuted under the Money Services Business Act 2011. If found guilty, the penalty carries a fine not exceeding five million ringgit or imprisonment for a term not exceeding ten years, or both.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120810124614/Article/index_html
Published: August 08, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=687124
Published: August 08, 2012
Since coming into force, Let Seng Enterprises Sdn Bhd is the first case prosecuted under the Money Services Business Act 2011. If found guilty, the penalty carries a fine not exceeding five million ringgit or imprisonment for a term not exceeding ten years, or both.
Wednesday, August 8, 2012
Bank Negara International Reserves At RM429.6 Billion
KUALA LUMPUR: Bank Negara’s international reserves amounted to RM429.6bil, equivalent to US$134.5bil, as at July 31.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/8/business/11816560&sec=business
Published: August 08, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/reza07/Article/
Published: August 08, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=686278
Published: August 07, 2012
According to the central bank’s statement yesterday, the reserves position is sufficient to finance 9.5 months of retained imports and is 4.3 times the short-term external debt.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/8/business/11816560&sec=business
Published: August 08, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/reza07/Article/
Published: August 08, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=686278
Published: August 07, 2012
According to the central bank’s statement yesterday, the reserves position is sufficient to finance 9.5 months of retained imports and is 4.3 times the short-term external debt.
Tuesday, August 7, 2012
Short-term rates to remain stable on Bank Negara intervention
KUALA LUMPUR, Aug 7 — Short-term rates are expected to remain stable today following Bank Negara's intervention to absorb excess liquidity from the financial system, dealers said.
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/short-term-rates-to-remain-stable-on-bank-negara-intervention1/
Published: August 07, 2012
The central bank estimated today's surplus at RM27.191 billion in the conventional system and RM7.932 billion in Islamic funds.
The bank will conduct four RM1 billion conventional tenders each for seven days, 15 days, 21 days and 28 days, respectively.
The central bank will also conduct a RM300 million repo tender for 63 days.
It will conduct a RM1.5 million Al-Wadiah tender for seven days, RM800 million tender for 15 days and RM1.9 billion tender for 28 days.
Bank Negara will also conduct a RM400 million Commodity Murabahah Programme for 31 days.
At 4pm, the bank will conduct a conventional overnight tender of up to RM22.9 billion and a RM3.7 billion Al-Wadiah overnight tender. — Bernama
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/short-term-rates-to-remain-stable-on-bank-negara-intervention1/
Published: August 07, 2012
The central bank estimated today's surplus at RM27.191 billion in the conventional system and RM7.932 billion in Islamic funds.
The bank will conduct four RM1 billion conventional tenders each for seven days, 15 days, 21 days and 28 days, respectively.
The central bank will also conduct a RM300 million repo tender for 63 days.
It will conduct a RM1.5 million Al-Wadiah tender for seven days, RM800 million tender for 15 days and RM1.9 billion tender for 28 days.
Bank Negara will also conduct a RM400 million Commodity Murabahah Programme for 31 days.
At 4pm, the bank will conduct a conventional overnight tender of up to RM22.9 billion and a RM3.7 billion Al-Wadiah overnight tender. — Bernama
Friday, August 3, 2012
Warning on misuse of Bank Negara letters
KUALA LUMPUR: Acknowledgement letters issued by Bank Negara to scheduled institutions have allegedly been misused to solicit investments from the public in financial schemes involving gold and other precious metals.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/3/business/11787011&sec=business
Published: August 03, 2012
In a statement, the public had been advised to exercise due caution when dealing with companies or individuals that use such acknowledgement letters purportedly issued by Bank Negara.
It had received enquiries regarding companies which represented themselves as scheduled institutions with the central bank.
Under the Banking and Financial Institutions Act 1989, a company that conducts either leasing, factoring, development finance or building credit activities only obtains a written acknowledgement from the central bank.
“Such an acknowledgement letter does not amount to a business licence or approval by Bank Negara. A register of scheduled institutions which have obtained an acknowledgement from the central bank, is maintained for statistical purposes only.”
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/3/business/11787011&sec=business
Published: August 03, 2012
In a statement, the public had been advised to exercise due caution when dealing with companies or individuals that use such acknowledgement letters purportedly issued by Bank Negara.
It had received enquiries regarding companies which represented themselves as scheduled institutions with the central bank.
Under the Banking and Financial Institutions Act 1989, a company that conducts either leasing, factoring, development finance or building credit activities only obtains a written acknowledgement from the central bank.
“Such an acknowledgement letter does not amount to a business licence or approval by Bank Negara. A register of scheduled institutions which have obtained an acknowledgement from the central bank, is maintained for statistical purposes only.”
Thursday, August 2, 2012
Data show loan growth slowing, but stable
PETALING JAYA: Banking statistics released by Bank Negara showed that loan growth was stable despite slowing loan growth indicators, an indication of more downside in the months to come.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/2/business/11776310&sec=business
Published: August 02, 2012
For June 2012, loan growth was stable at 12.6% on a year on year (yoy) basis, versus 12.5% in May 2012. The growth was slightly higher for both consumer and business loans at 11.8% and 13.6%, respectively, in June 2012.
The growth in applications moderated from 15.1% in May 2012 to 10.5% in June 2012, while approvals contracted by 2.1% yoy, versus an increase of 18.2% in May 2012.
CIMB Research said that the culprit was the contraction in residential mortgages while the pace for auto loans improved strongly to about 27% yoy in June 2012.
For the month of June, the three lending indicators of loan application, loan approval and loan disbursement activities declined by 0.5%, 11.5% and 1.4% on a month on month basis to RM76.2bil from RM76.6bil previously.
Loan growth for June was stable at 12.6% on a year-on-year basis versus 12.5% in May.
CIMB Research banking analyst Winson Ng said that although loan growth was sustained at 12.6%, downside risks still persist to his projected forecast of 10% to 11% for 2012.
“The slowdown will come from the consumer loan segment, especially when applications for residential mortgages in June 2012 dipped by 12% on a year-on-year basis,” said Ng.
On the other hand, Alliance Research banking analyst Cheah King Yoong is maintaining his forecast of 11% domestic loan growth in 2012, for now. In fact, he foresees an increasing upside to his 11% domestic loan growth forecast for 2012 in view of the strong pick-up of loans in June.
He remains optimistic about the continued vibrant domestic lending activities going forward. He also expects the sluggishness and volatility seen in the first few months following the introduction of responsible lending guidelines to normalise going forward, with most banks completed their policy fine tuning to comply with the guidelines.
Although property loans remains the key driver, where loans to purchase residential and non-residential properties constitute 46% of the annualised 12.7% loan growth for June, Cheah observes that other purpose loans and working capital have been gathering pace, contributing 28.8% and 22.3% of the loan growth drivers, respectively.
“We also acknowledge that business loans have recorded a commendable annualised growth of 15.9%, ahead of household loans’ annualised growth rate of 10.1%.
“This has reaffirmed our expectation that despite having a slow start in early 2012, overall domestic lending activities is picking up, with stronger growth of business loans stemming from the roll out of Entry Point Projects under the government Economic Transformation Plan, which filled up the vacuum left by the moderation in property loans,” said Cheah.
Meanwhile, although the deposit rates were largely unchanged, banks’ average lending rate contracted by 8 basis points on a monh on month basis to 4.8% in Jun 2012. Ng said that this reflected keen industry competition and signals continuous pressure on margins. The impaired loan ratios dropped by 20 basis points month on month to a gross 2.2% and by 10 basis points month on month to 1.5% net in June 2012.
Loan loss coverage rose from 95.3% in May 2012 to 98.9% in June 2012.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/2/business/11776310&sec=business
Published: August 02, 2012
For June 2012, loan growth was stable at 12.6% on a year on year (yoy) basis, versus 12.5% in May 2012. The growth was slightly higher for both consumer and business loans at 11.8% and 13.6%, respectively, in June 2012.
The growth in applications moderated from 15.1% in May 2012 to 10.5% in June 2012, while approvals contracted by 2.1% yoy, versus an increase of 18.2% in May 2012.
CIMB Research said that the culprit was the contraction in residential mortgages while the pace for auto loans improved strongly to about 27% yoy in June 2012.
For the month of June, the three lending indicators of loan application, loan approval and loan disbursement activities declined by 0.5%, 11.5% and 1.4% on a month on month basis to RM76.2bil from RM76.6bil previously.
Loan growth for June was stable at 12.6% on a year-on-year basis versus 12.5% in May.
CIMB Research banking analyst Winson Ng said that although loan growth was sustained at 12.6%, downside risks still persist to his projected forecast of 10% to 11% for 2012.
“The slowdown will come from the consumer loan segment, especially when applications for residential mortgages in June 2012 dipped by 12% on a year-on-year basis,” said Ng.
On the other hand, Alliance Research banking analyst Cheah King Yoong is maintaining his forecast of 11% domestic loan growth in 2012, for now. In fact, he foresees an increasing upside to his 11% domestic loan growth forecast for 2012 in view of the strong pick-up of loans in June.
He remains optimistic about the continued vibrant domestic lending activities going forward. He also expects the sluggishness and volatility seen in the first few months following the introduction of responsible lending guidelines to normalise going forward, with most banks completed their policy fine tuning to comply with the guidelines.
Although property loans remains the key driver, where loans to purchase residential and non-residential properties constitute 46% of the annualised 12.7% loan growth for June, Cheah observes that other purpose loans and working capital have been gathering pace, contributing 28.8% and 22.3% of the loan growth drivers, respectively.
“We also acknowledge that business loans have recorded a commendable annualised growth of 15.9%, ahead of household loans’ annualised growth rate of 10.1%.
“This has reaffirmed our expectation that despite having a slow start in early 2012, overall domestic lending activities is picking up, with stronger growth of business loans stemming from the roll out of Entry Point Projects under the government Economic Transformation Plan, which filled up the vacuum left by the moderation in property loans,” said Cheah.
Meanwhile, although the deposit rates were largely unchanged, banks’ average lending rate contracted by 8 basis points on a monh on month basis to 4.8% in Jun 2012. Ng said that this reflected keen industry competition and signals continuous pressure on margins. The impaired loan ratios dropped by 20 basis points month on month to a gross 2.2% and by 10 basis points month on month to 1.5% net in June 2012.
Loan loss coverage rose from 95.3% in May 2012 to 98.9% in June 2012.
Wednesday, August 1, 2012
Banks have adjusted to BNM’s responsible lending guidelines, says Alliance Research
KUALA LUMPUR, Aug 1 — Most banking institutions in Malaysia have completed their policy fine tuning to comply with the responsible lending guidelines introduced by Bank Negara Malaysia.
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/banks-have-adjusted-to-bnms-responsible-lending-guidelines-says-alliance-research/
Published: August 01, 2012
The sluggishness and volatility in the banks is thus expected to normalise going forward, said Alliance Research.
It also said despite having a slow start in early 2012, overall domestic lending activities are picking up.
This, it added, follows the stronger growth of business loans stemming from the roll out of Entry Point Projects (EPPs) under the government Economic Transformation Plan (ETP), which filled up the vacuum left by the moderation in property loans.
Despite the month-on-month moderation in the lending indicators in June 2012, the research house remains optimistic about the continued vibrant domestic lending activities going forward.
"We are maintaining our forecast of 11 per cent domestic loans growth in 2012, for now.
"Nonetheless, we now foresee that there is an increasing likelihood of an upside risk to our domestic loans growth forecast for 2012, in view of the strong pick-up of loans in June, although our loans growth estimate has already been more bullish than consensus," Alliance said in a research note today.
For the month of June, loan application, loan approval and loan disbursements activities declined by 0.5 per cent, 11.5 per cent and 1.4 per cent on a month-on-month basis to RM76.2 billion, RM37.3 billion and RM88.4 billion, respectively.
On a year-to-date annualised basis, outstanding loans grew by 12.7 per cent in June, an increase compared with the 11.4 per cent registered in May.
Average Base Lending Rate (BLR) of commercial banks in June remained constant month-on-month at 6.53 per cent.
"Although property loans remained the key driver, where loans to purchase residential and non-residential properties constituted 46 per cent of the annualised 12.7 per cent loan growth for June, we observed that other purpose loans and working capital have been gathering pace.
"This contributed 28.8 per cent and 22.3 per cent of the loan growth drivers, respectively.
"We also acknowledge that business loans have recorded a commendable annualised growth of 15.9 per cent, ahead of household loans' annualised growth rate of 10.1 per cent," Alliance Research added.
Meanwhile, Alliance Research has maintained the "overweight" call on the banking sector, with Hong Leong Bank serving as its top pick for the sector.
For mid-cap banking exposure, the research firm preferred Affin Holdings, a bank that has a turnaround story, and offers good proxy to the merger and acquisition theme but has been persistently overlooked by investors. — Bernama
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/banks-have-adjusted-to-bnms-responsible-lending-guidelines-says-alliance-research/
Published: August 01, 2012
The sluggishness and volatility in the banks is thus expected to normalise going forward, said Alliance Research.
It also said despite having a slow start in early 2012, overall domestic lending activities are picking up.
This, it added, follows the stronger growth of business loans stemming from the roll out of Entry Point Projects (EPPs) under the government Economic Transformation Plan (ETP), which filled up the vacuum left by the moderation in property loans.
Despite the month-on-month moderation in the lending indicators in June 2012, the research house remains optimistic about the continued vibrant domestic lending activities going forward.
"We are maintaining our forecast of 11 per cent domestic loans growth in 2012, for now.
"Nonetheless, we now foresee that there is an increasing likelihood of an upside risk to our domestic loans growth forecast for 2012, in view of the strong pick-up of loans in June, although our loans growth estimate has already been more bullish than consensus," Alliance said in a research note today.
For the month of June, loan application, loan approval and loan disbursements activities declined by 0.5 per cent, 11.5 per cent and 1.4 per cent on a month-on-month basis to RM76.2 billion, RM37.3 billion and RM88.4 billion, respectively.
On a year-to-date annualised basis, outstanding loans grew by 12.7 per cent in June, an increase compared with the 11.4 per cent registered in May.
Average Base Lending Rate (BLR) of commercial banks in June remained constant month-on-month at 6.53 per cent.
"Although property loans remained the key driver, where loans to purchase residential and non-residential properties constituted 46 per cent of the annualised 12.7 per cent loan growth for June, we observed that other purpose loans and working capital have been gathering pace.
"This contributed 28.8 per cent and 22.3 per cent of the loan growth drivers, respectively.
"We also acknowledge that business loans have recorded a commendable annualised growth of 15.9 per cent, ahead of household loans' annualised growth rate of 10.1 per cent," Alliance Research added.
Meanwhile, Alliance Research has maintained the "overweight" call on the banking sector, with Hong Leong Bank serving as its top pick for the sector.
For mid-cap banking exposure, the research firm preferred Affin Holdings, a bank that has a turnaround story, and offers good proxy to the merger and acquisition theme but has been persistently overlooked by investors. — Bernama
Banks still well-capitalised
PETALING JAYA: The banking system remained well-capitalised in June with a risk-weighted capital ratio and core capital ratio of 14.7% and 12.9% respectively.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/11769690&sec=businesshttp://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/11769690&sec=business
Published: August 01, 2012
In its June monetary and financial development statement, Bank Negara said the level of net impaired loans had improved, amounting to 1.5% of net loans due to recovery and write-off exercise by some banks as part of the balance sheet strengthening exercise.
Loan loss coverage remained high at 98.9%.
On another note, inflation, which is measured by the change in the consumer price index, moderated to 1.6% in the month due to lower inflation in the transport, and food and non-alcoholic beverages categories. The price of RON97 petrol was revised downward, while in the food and non-alcoholic beverages category, a lower inflation rate of 2.9% was recorded due to smaller increase in prices in food away from home sub-category.
“Interbank rates were stable in June,” the central bank said. On retail lending rates, the average base lending rate of commercial banks remained stagnant at 6.53% at end-June. During the period, retail deposit rates remained stable.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/11769690&sec=businesshttp://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/11769690&sec=business
Published: August 01, 2012
In its June monetary and financial development statement, Bank Negara said the level of net impaired loans had improved, amounting to 1.5% of net loans due to recovery and write-off exercise by some banks as part of the balance sheet strengthening exercise.
Loan loss coverage remained high at 98.9%.
On another note, inflation, which is measured by the change in the consumer price index, moderated to 1.6% in the month due to lower inflation in the transport, and food and non-alcoholic beverages categories. The price of RON97 petrol was revised downward, while in the food and non-alcoholic beverages category, a lower inflation rate of 2.9% was recorded due to smaller increase in prices in food away from home sub-category.
“Interbank rates were stable in June,” the central bank said. On retail lending rates, the average base lending rate of commercial banks remained stagnant at 6.53% at end-June. During the period, retail deposit rates remained stable.
77 syarikat pelaburan tidak sah
KUALA LUMPUR 31 Julai - Para pelabur di negara ini perlu berhati-hati membuat pelaburan kewangan agar tidak terjebak melabur ke dalam syarikat-syarikat pelaburan yang tidak mendapat kelulusan daripada Bank Negara Malaysia (BNM), termasuk membabitkan skim-skim kewangan yang melibatkan pelaburan emas dan logam berharga lain.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120801/ek_02/77-syarikat-pelaburan-tidak-sah
Published: August 01, 2012
SYARIKAT-syarikat pelaburan emas dan barangan logam bernilai
kini melakukan pelbagai taktik bertujuan menarik pelaburan daripada
orang ramai dengan menjanjikan pulangan lumayan. - GAMBAR HIASAN
Menurut BNM, sejumlah 77 syarikat atau individu telah disenaraikan sebagai entiti yang tidak mendapat kelulusan dan tidak sah menjalankan aktiviti pelaburan mengikut peraturan kewangan di negara ini.
Antara jenis-jenis aktiviti yang dijalankan oleh syarikat atau individu tersebut kebanyakannya berkisar kepada pelaburan emas, perniagaan mata wang asing atau menjalankan pelaburan tidak berlesen.
Bank pusat itu berkata, ia menerima pertanyaan daripada orang ramai berhubung dengan syarikat yang mendakwa sebagai institusi terjadual dengan BNM untuk membolehkan syarikat tersebut mendapatkan pelaburan daripada orang ramai.
BNM dalam satu kenyataan di sini hari ini menyatakan bank pusat itu tidak mengeluarkan sebarang lesen mahupun surat kebenaran perniagaan kepada syarikat yang menjalankan aktiviti pemajakan, pemfaktoran, pembangunan kewangan atau pembangunan kredit.
Tegasnya, di bawah Akta Bank dan Institusi Kewangan 1989, syarikat-syarikat tersebut perlu mendapat perakuan bertulis daripada Bank Negara sebelum boleh menjalankan aktiviti itu di negara ini.
"Surat perakuan tersebut yang dikeluarkan oleh BNM bukan lesen perniagaan atau kelulusan daripada BNM berhubung dengan perniagaan terjadual seperti dinyatakan dalam surat perakuan berkenaan, ataupun perniagaan lain yang dijalankan oleh institusi terjadual berkenaan," kata bank itu.
"Senarai institusi terjadual yang telah mendapat perakuan daripada Bank Negara itu hanya untuk disimpan bagi tujuan perangkaan semata-mata.
"Sekiranya syarikat-syarikat tersebut telah berhenti daripada menjalankan perniagaan terjadualnya, BNM akan menarik balik surat perakuan tersebut," kata bank pusat itu dalam satu kenyataan di sini hari ini.
Justeru ia menasihatkan orang ramai supaya berwaspada apabila berurusan dengan syarikat atau individu yang menggunakan surat perakuan yang dikatakan dikeluarkan oleh BNM untuk menarik pelaburan dalam pelbagai skim kewangan.
Untuk maklumat lanjut, orang ramai boleh merujuk kepada bahagian 'Peringatan kepada Semua Penggguna Kewangan' yang terdapat di laman sesawang Bank Negara http://www.bnm.gov.my atau hubungi talian: 1-300-88-5465 atau dan e-mel: bnmtelelink@bnm.gov.my
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Ekonomi/20120801/ek_02/77-syarikat-pelaburan-tidak-sah
Published: August 01, 2012
SYARIKAT-syarikat pelaburan emas dan barangan logam bernilai
kini melakukan pelbagai taktik bertujuan menarik pelaburan daripada
orang ramai dengan menjanjikan pulangan lumayan. - GAMBAR HIASAN
Menurut BNM, sejumlah 77 syarikat atau individu telah disenaraikan sebagai entiti yang tidak mendapat kelulusan dan tidak sah menjalankan aktiviti pelaburan mengikut peraturan kewangan di negara ini.
Antara jenis-jenis aktiviti yang dijalankan oleh syarikat atau individu tersebut kebanyakannya berkisar kepada pelaburan emas, perniagaan mata wang asing atau menjalankan pelaburan tidak berlesen.
Bank pusat itu berkata, ia menerima pertanyaan daripada orang ramai berhubung dengan syarikat yang mendakwa sebagai institusi terjadual dengan BNM untuk membolehkan syarikat tersebut mendapatkan pelaburan daripada orang ramai.
BNM dalam satu kenyataan di sini hari ini menyatakan bank pusat itu tidak mengeluarkan sebarang lesen mahupun surat kebenaran perniagaan kepada syarikat yang menjalankan aktiviti pemajakan, pemfaktoran, pembangunan kewangan atau pembangunan kredit.
Tegasnya, di bawah Akta Bank dan Institusi Kewangan 1989, syarikat-syarikat tersebut perlu mendapat perakuan bertulis daripada Bank Negara sebelum boleh menjalankan aktiviti itu di negara ini.
"Surat perakuan tersebut yang dikeluarkan oleh BNM bukan lesen perniagaan atau kelulusan daripada BNM berhubung dengan perniagaan terjadual seperti dinyatakan dalam surat perakuan berkenaan, ataupun perniagaan lain yang dijalankan oleh institusi terjadual berkenaan," kata bank itu.
"Senarai institusi terjadual yang telah mendapat perakuan daripada Bank Negara itu hanya untuk disimpan bagi tujuan perangkaan semata-mata.
"Sekiranya syarikat-syarikat tersebut telah berhenti daripada menjalankan perniagaan terjadualnya, BNM akan menarik balik surat perakuan tersebut," kata bank pusat itu dalam satu kenyataan di sini hari ini.
Justeru ia menasihatkan orang ramai supaya berwaspada apabila berurusan dengan syarikat atau individu yang menggunakan surat perakuan yang dikatakan dikeluarkan oleh BNM untuk menarik pelaburan dalam pelbagai skim kewangan.
Untuk maklumat lanjut, orang ramai boleh merujuk kepada bahagian 'Peringatan kepada Semua Penggguna Kewangan' yang terdapat di laman sesawang Bank Negara http://www.bnm.gov.my atau hubungi talian: 1-300-88-5465 atau dan e-mel: bnmtelelink@bnm.gov.my
'Awasi pihak salah guna surat akuan Bank Negara'
Kuala Lumpur: Bank Negara Malaysia memberi amaran kepada orang ramai supaya berwaspada dengan syarikat atau individu yang menyalahgunakan surat perakuannya untuk mendapatkan pelaburan dalam skim kewangan membabitkan emas dan logam berharga lain.
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/AwasipihaksalahgunasuratakuanBankNegara_/Article
Published: August 01, 2012
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/AwaspihakperalatnamaBNM/Article/index_html
Published: August 01, 2012
Amaran itu dikeluarkan selepas bank pusat itu menerima banyak pertanyaan berhubung syarikat yang mendakwa sebagai institusi berjadual dengan Bank Negara yang membolehkan mereka menerima pelaburan orang ramai.
“Bank Negara ingin menegaskan bahawa di bawah Akta Bank dan
Institusi-Institusi Kewangan 1989, sesebuah syarikat yang menjalankan
aktiviti pemajakan, pemfaktoran, kewangan pembangunan atau kredit, hanya
menerima perakuan bertulis daripada kami.
“Surat perakuan itu yang dikeluarkan oleh kami bukan lesen perniagaan atau kelulusan Bank Negara terhadap perniagaan berjadual seperti dinyatakan dalam surat perakuan terbabit, atau apa juga perniagaan lain yang dijalankan oleh institusi terjadual berkenaan,” katanya.
Bank Negara menegaskan, senarai institusi berjadual yang mendapat perakuan daripada Bank Negara disimpan bagi tujuan perangkaan semata-mata.
Maklumat lanjut
“Jika sesebuah institusi berjadual sudah tidak lagi menjalankan perniagaan berjadualnya, Bank Negara akan menarik balik Surat Perakuan berkenaan,” katanya.
Bagi mendapatkan maklumat lanjut, orang ramai boleh merujuk kepada Peringatan Semua Pengguna Kewangan yang terdapat di laman web Bank Negara di www.bnm.gov.my.
Senarai peringatan itu dikumpulkan berdasarkan pertanyaan orang ramai ke atas Bank Negara terhadap modus operandi dan kegiatan sesebuah individu atau entiti perniagaan.
Ia juga mengandungi maklumat kesan berurusan dengan individu tidak bertauliah, jenis kegiatan dan modus operandi biasa yang digunakan oleh pengendali aktiviti haram termasuk menawarkan produk atau perkhidmatan melalui laman sesawang.
Senarai itu mempunyai pautan ke laman sesawang pengawal selia lain seperti Suruhanjaya Sekuriti (SC), Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan serta Suruhanjaya Syarikat Malaysia (SSM).
Orang ramai yang mempunyai sebarang pertanyaan berhubung Peringatan Semua Pengguna Kewangan boleh menghubungi Bank Negara di BNMTELELINK: 1-300-88-5465.
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/AwasipihaksalahgunasuratakuanBankNegara_/Article
Published: August 01, 2012
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/AwaspihakperalatnamaBNM/Article/index_html
Published: August 01, 2012
Amaran itu dikeluarkan selepas bank pusat itu menerima banyak pertanyaan berhubung syarikat yang mendakwa sebagai institusi berjadual dengan Bank Negara yang membolehkan mereka menerima pelaburan orang ramai.
“Surat perakuan itu yang dikeluarkan oleh kami bukan lesen perniagaan atau kelulusan Bank Negara terhadap perniagaan berjadual seperti dinyatakan dalam surat perakuan terbabit, atau apa juga perniagaan lain yang dijalankan oleh institusi terjadual berkenaan,” katanya.
Bank Negara menegaskan, senarai institusi berjadual yang mendapat perakuan daripada Bank Negara disimpan bagi tujuan perangkaan semata-mata.
Maklumat lanjut
“Jika sesebuah institusi berjadual sudah tidak lagi menjalankan perniagaan berjadualnya, Bank Negara akan menarik balik Surat Perakuan berkenaan,” katanya.
Bagi mendapatkan maklumat lanjut, orang ramai boleh merujuk kepada Peringatan Semua Pengguna Kewangan yang terdapat di laman web Bank Negara di www.bnm.gov.my.
Senarai peringatan itu dikumpulkan berdasarkan pertanyaan orang ramai ke atas Bank Negara terhadap modus operandi dan kegiatan sesebuah individu atau entiti perniagaan.
Ia juga mengandungi maklumat kesan berurusan dengan individu tidak bertauliah, jenis kegiatan dan modus operandi biasa yang digunakan oleh pengendali aktiviti haram termasuk menawarkan produk atau perkhidmatan melalui laman sesawang.
Senarai itu mempunyai pautan ke laman sesawang pengawal selia lain seperti Suruhanjaya Sekuriti (SC), Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan serta Suruhanjaya Syarikat Malaysia (SSM).
Orang ramai yang mempunyai sebarang pertanyaan berhubung Peringatan Semua Pengguna Kewangan boleh menghubungi Bank Negara di BNMTELELINK: 1-300-88-5465.
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