FMC continues monitoring domestic financial market conditions amidst key global developments

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KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.

It highlighted that BNM has expanded the Qualified Resident Investor programme, offering flexibility for resident corporates to reinvest abroad after repatriating foreign funds.

"The FMC viewed positively that Malaysia’s strong economic fundamentals and growth prospects further enhance the financial market’s resilience against external shocks.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: US election /Business/Business News Bank Negara Ringgit. Financial Markets Commitee FMC Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 17:46:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23717783

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

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Publisher ID: #22

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