Short-term rates to remain stable on Bank Negara operations
Liquidity is estimated at RM31.53 billion in the conventional system and RM23.02 billion in the Islamic funds.
Today, BNM will conduct two reverse repo tenders, RM2.8 billion for seven days and RM1.0 billion for 91 days, as well as two Islamic reverse repo tenders (sell and buy-back agreement) of RM280 million for seven days and RM350 million for 91 days.
It also announced the availability of reverse repo, sell and buy-back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month, and three months.
At 4 pm, BNM will conduct up to RM35.3 billion in a conventional overnight tender and RM23.7 billion in a murabahah overnight tender.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
10 minutes ago
- The Sun
Malaysia strengthens education tourism sector with MITDA-UIS partnership
IN a significant move to strengthen Malaysia's position as a leading hub for education tourism, the Malaysia International Tourism Development Association (MITDA) and Universiti Islam Selangor (UIS) have signed a Memorandum of Understanding (MoU) to promote Malaysia — particularly Selangor — as a premier destination for education-based tourism. The MoU was officially signed during a ceremony held at Concorde Hotel Shah Alam, witnessed by key figures from the tourism and education sectors including industry players, tourism stakeholders, and academic leaders. This partnership is set to enhance Malaysia's appeal to students, scholars, and cultural tourists from around the world, especially in the ASEAN, Middle East, Central Asia, and South Thailand regions. Under this MoU, MITDA and UIS will collaboratively develop a series of structured education tourism programmes that include: - Short-term academic and cultural study tours for international students - Islamic heritage trails and experiential learning opportunities - Cultural immersion programmes for youth, educators, and scholars - Joint seminars, academic exchanges, and tourism research initiatives - Promotion of UIS as a regional hub for Islamic education and tourism training 'This partnership aligns perfectly with our mission to diversify Malaysia's tourism offerings,' said Kapten Mahadzir Tan Sri Mansor, President of MITDA. 'By positioning Islamic studies and cultural learning experiences as unique high-value attractions, we hope to attract longer-staying and more engaged international visitors. UIS brings strong academic credibility to this vision.' UIS Vice Chancellor Datuk Professor Dr. Mohd Farid Ravi Bin Abdullah added that the collaboration supports the university's globalisation efforts and reinforces its role in shaping intercultural understanding. 'Knowledge is a bridge between cultures. Through this MoU, we aim to welcome more students and scholars from abroad who are interested not only in academic pursuits but in experiencing Malaysia's rich Islamic and multicultural heritage,' he said. With Visit Malaysia Year 2026 approaching, this partnership is seen as timely and strategic. Education tourism has been identified as one of Malaysia's high-potential sectors, offering long-term economic and cultural value through repeat visits and extended stays. The MoU also opens the door to collaborations with local tourism operators, cultural centres, mosque communities, and homestay networks to co-develop authentic, inclusive itineraries that integrate academic learning with local experience. This partnership marks an exciting chapter in Malaysia's journey to become a global destination not only for leisure and business tourism, but also for education and cultural discovery.
Free Malaysia Today
an hour ago
- Free Malaysia Today
MACC busts scrap metal smuggling rings in 5 states
The raids were carried out by the Malaysian Anti-Corruption Commission's special operations division through the multi-agency task force. (Bernama pic) GEORGE TOWN : The Malaysian Anti-Corruption Commission (MACC) has launched a major crackdown on scrap metal smuggling syndicates in five states, believed to have paid bribes to enforcement officers resulting in an estimated tax revenue loss of over RM950 million. The raids were carried out by MACC's special operations division through the multi-agency task force, in collaboration with the customs department, the Inland Revenue Board, and Bank Negara Malaysia, at 19 locations across Penang, Selangor, Negeri Sembilan, Johor, and Kedah. The operation, dubbed 'Op Metal', also involved personnel from MACC's anti-corruption tactical squad (ACTS), who raided six sites in Penang yesterday including residences, offices, and scrap metal storage and processing centres believed to be involved in the smuggling operations. The first raid was conducted at a three-storey luxury bungalow in Batu Maung, believed to belong to a businessman who owns a scrap metal company, at around 6am on July 14. A domestic helper opened the door after ACTS officers knocked, and a search was conducted with officials, although the company owner was reportedly out at the time. The operations team searched for evidence and documents related to the smuggling activities while the ACTS team maintained surveillance inside and outside the home. Later, members of the media were brought along for a raid on a scrap metal storage and processing site at Jalan Bukit Minyak in Bukit Mertajam, just as the premises were opening for business at around 9 am. The ACTS team conducted an inspection of the zinc-fenced facility where scrap metal was believed to have been processed before being exported overseas. The team gathered nearly 30 employees, including office staff, before conducting further checks. The premises are believed to be linked to the man whose house was raided earlier that morning. About 15 minutes later, a man claiming to be the site's manager arrived with assurances of full cooperation, while the operations team carried out further checks and reportedly seized several documents for investigation. Meanwhile, a source said that seven raids in Selangor, four in Kedah, and one each in Negeri Sembilan and Johor had targeted other scrap metal centres, offices, and homes of individuals suspected to be involved in the smuggling. Preliminary investigations revealed that the syndicates exported the scrap metal to India, China, and other countries, declaring it as machinery or other metals not subject to the 15% export tax imposed by the government. 'To ensure that the shipments passed inspections and avoided the tax, the syndicates are believed to have bribed several enforcement officers,' the source said. The source said the complicity of certain enforcement officers had caused the government to lose around RM160 million in tax revenue per year over the past six years, with total losses estimated at over RM950 million. The number of arrests and seizures from the operation will be updated as investigations are still ongoing. MACC chief commissioner Azam Baki confirmed the raids in the five states. He said the case was being investigated under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. Investigations are also focused on identifying individuals, including public servants, who may have protected the syndicate's activities.
New Straits Times
an hour ago
- New Straits Times
OCBC cuts lending, deposit rates after OPR reduction
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has reduced its lending and deposit rates following Bank Negara Malaysia's 25 basis points cut in the Overnight Policy Rate. Effective today, OCBC's Standardised Base Rate is reduced from 3.00 per cent to 2.75 per cent, its Base Rate from 3.83 per cent to 3.58 per cent and its Base Lending/Financing Rate from 6.76 per cent to 6.51 per cent. "All loan and financing rates tied to the bank's benchmark and lending rates will be adjusted accordingly," the bank said in a statement. In line with the changes, the OCBC's conventional fixed deposit and Islamic time deposit board rates will also be lowered by 25 basis points.
