The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.
In a press statement today, the central bank said that the global economy continues to strengthen with growth becoming more entrenched and synchronised across countries. Global trade has picked up significantly. In the advanced economies, both consumption and investment continue to improve.
The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from Saudi Arabia, have agreed to develop and launch the Middle East’s first-ever Sharia compliant Spot Gold contract to be traded on an international exchange.
The partnership enables both entities to increase their presence in the Saudi Arabian and wider GCC Islamic Finance market, and attract the interest of regional Islamic financial institutions and banks.
RHB Asset Management Sdn Bhd, a wholly-owned subsidiary of RHB Investment Bank Bhd, recently declared income distribution of up to RM8.5 million for 10 conventional and Islamic funds, for the period ended May 31, 2017.
The fixed income funds are RHB Asian High Yield Fund – AUD, RHB Asian High Yield Fund – USD and RHB Emerging Markets Bond Fund. The equity funds are RHB Singapore Income Feeder Fund – MYR, RHB Singapore Income Feeder Fund – SGD and RHB Dividend Valued Equity Fund, while the balanced funds include RHB Asian Income Fund – SGD and RHB Multi Asset Regular Income Fund.