Clear, modern coverage of Malaysian news and analysis.
Indonesian President Prabowo Subianto has nominated Destry Damayanti, the central bank's second-ranking official, as the only candidate for governor. Parliament has one month to approve the appointment.
Malaysia's 2026 fiscal deficit is projected at 3.6% of GDP, marginally above the government's 3.5% target, despite an extra RM25 billion allocated for fuel subsidies to maintain RON95 petrol at RM1.99 per litre.
S&P Global Ratings has reaffirmed Indonesia's sovereign credit rating at BBB with a stable outlook, with Bank Indonesia highlighting the decision as a vote of confidence in the nation's macroeconomic management and growth trajectory amid global uncertainties.
European lawmakers are finalizing rules for a digital euro, with formal approval expected January 1, 2027, and public launch targeted for 2029. The initiative aims to modernize currency and reduce dependence on U.S. payment systems.
The European Parliament has overwhelmingly endorsed plans for a digital euro, with 416 MEPs voting in favour. The currency aims to reduce reliance on US payment providers and offer free basic banking services.
Research analysts expect Bank Negara Malaysia to keep its overnight policy rate at 2.75 per cent through end-2026, supported by firmer growth prospects and controlled inflation as exports and domestic demand remain resilient.
MBSB Investment Bank has upgraded Malaysia's 2026 GDP growth forecast to 4.5%, reflecting stronger-than-expected economic momentum. Bank Negara is expected to maintain the Overnight Policy Rate at 2.75% through the year.
CIMB Treasury expects Bank Negara Malaysia to keep the overnight policy rate unchanged at 2.75% this Thursday, citing reduced inflation risks from declining global oil prices and Malaysia's BUDI Diesel programme implementation.
Japan's finance minister reaffirmed the government's commitment to supporting the yen, which recently recovered from 40-year lows. Rising import costs linked to currency weakness have triggered a 32% surge in bankruptcies among Japanese firms.