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Malaysia’s central bank left its benchmark interest rate unchanged as expected, with tariff-related uncertainties looming, the Wall Street Journal reported. Bank Negara Malaysia on Thursday kept the overnight policy rate at 2.75% after July’s first cut in five years. The central bank “considers the monetary policy stance to be appropriate and supportive of the economy amid price stability,” it said in a statement. Malaysia’s economy grew 4.4% in the first half of 2025 and remains on track to meet the central bank’s full-year growth target of between 4% and 4.8%, it said.
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The Cross-Border Insolvency Bill 2025 will not undermine national sovereignty, says law and institutional reform minister Azalina Othman Said in addressing concerns from several MPs over possible interference by foreign courts, FreeMalaysiaToday.com reported. She told the Dewan Rakyat that any form of international cooperation would be subject to Malaysian law.
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Malaysia’s central bank has finally joined its rate-cutting peers, lowering its benchmark interest rate for the first time in five years to support the economy, the Wall Street Journal reported. Bank Negara Malaysia on Wednesday reduced its overnight policy rate by 25 basis points to 2.75%–its first cut since July 2020. While Malaysia’s economy remains on solid footing, the central bank said it decided to cut rates due to the economic threat posed by external uncertainties.
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Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB, Reuters reported. Leissner's conduct was "brazen and audacious," judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the harm caused by the corruption at the highest levels in several countries, the judge said.
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Malaysia’s central bank held its benchmark interest rate steady again in a widely expected decision that comes as tariffs threaten economic stability, the Wall Street Journal reported. Bank Negara Malaysia on Thursday maintained its overnight policy rate at 3.00%, where it has been since May 2023. “At the current OPR level, the monetary policy stance is consistent with the current assessment of inflation and growth prospects,” Bank Negara said.
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Local creditors of Malaysian insolvent companies with assets within the Asean region may be able to recover their debts soon, says Datuk Seri Azalina Othman, The Star reported. The Minister in the Prime Minister's Department (Law and Institutional Reform) said that this is one of the measures proposed under the Cross-Border Insolvency Bill to be presented in Parliament this June. "With the Asean Law Forum to be held this August, I have also visited several Asean nations and met with their law and judicial ministers.
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