Bank Negara has told banks to migrate from the SMS one-time password (OTP) system to more secure forms of authentication for online transactions. This is in light of a rise in financial scams and cybercrimes as of late.
Najib Razak wanted to open a new bank account in 2011 to receive US$100 million in donations from Saudi Arabia, the High Court heard. A former Ambank MD said, he had informed then-Bank Negara governor Zeti Aziz about the new account, as well as the incoming US$100mil deposit.
Remember guys, Banks are just a regulated tool. We can escalate to Ombudsman Financial Services. Alternatives: AKPK, Bank Negara and their own respective complaint department
It is not appropriate to accuse the Task Force on Jihad Against Inflation of failing its job just because Bank Negara’s OPR has increased, says chairman Annuar Musa. Annuar made the comment when responding to calls by Bagan MP Lim Guan Eng to dissolve the task force.
The ringgit’s decline against the US dollar is only temporary, says Jihad Against Inflation task force chairman Annuar Musa. He notes that Bank Negara’s Monetary Policy Committee is looking into the matter.
Bank Negara says headline inflation rose to 4.7% in August from 4.4% in July, in line with market expectations. Meanwhile, core inflation increased to 3.8% in the same month, compared to 3.4% in the previous month.
Today Update 1. BREAKING: Bank Negara has increased the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.0 percent and 2.5 percent, respectively.
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