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2015 Bank Negara Malaysia Annual Report

Bank Negara Malaysia (BNM) organised a Briefing on Economic Outlook by BNM in conjunction with the release of Bank Negara Malaysia’s 2015 Annual Report, Financial Stability and Payment Systems Report on Tuesday, 29 March 2016 at Conference Room, Bank Negara Malaysia Jalan Satok, Kuching.

Bank Negara Malaysia (BNM) released BNM 2015 Annual Report and Financial Stability & Payment Systems Report on Wednesday, 23 March 2016 in Kuala Lumpur.

In the foreword to BNM Annual Report 2015 released, its Governor Tan Sri Dr Zeti Akhtar Aziz said that there is a need to step up the private sector-driven shift towards higher productivity and innovation. Also there must be reduced reliance on factor accumulation and low-value production to drive economic growth.

The Malaysian economy must to strengthen its integration with the global economy due to the new and changing international landscape. The economy must draw on new areas of comparative advantage and harnessing new sources of opportunity.

The existing institutional and physical infrastructures must be strengthened to create an enabling environment for a modern economy in this fast-changing environment.

The highlights of the 2015 Bank Negara Malaysia Annual Report :

- Economy to expand by 4 per cent and 4.5 per cent in 2016 driven mainly by domestic demand (2015: 5 pct)

- Bank Negara Malaysia declares dividend payout of RM3 billion to the government for the year 2015

- The services and manufacturing sector expected to grow at a moderate rate of 4.4 per cent and 4.1 per cent, respectively, in 2016 (2015 : 5.1 pct and 4.9 pct, respectively)

- Mining and quarrying and construction to see an expansion of 3.5 per cent and 7.9 per cent, respectively, in 2016 (2015 : 4.7 pct and 8.2 pct, respectively)

- Agriculture sector to contract marginally by -0.3 per cent in 2016, largely due to lower palm oil yields following the hot and dry weather conditions brought about by the strong El-Nino weather phenomenon (2015: 1 pct)

- Gross exports are forecast to expand by 2.4 per cent in 2016, sustained by a modest improvement in demand from advanced economies and continued growth in regional economies (2015: 1.9 per cent)

- Gross import growth is projected to increase to 4.9 per cent in 2016 (2015: 0.4 per cent)

- Private consumption to growth is projected to moderate to 5.1 per cent in 2016 (2015: 6 pct)

- Private investment growth is projected to trend below its long-term average and grow by 5.5 per cent in 2016

- Headline inflation is projected to be higher at 2.5 per cent to 3.5 per cent in 2016 (2015: 2.1 pct)

- Public consumption growth is expected to moderate to 2 per cent in 2016, reflecting mainly the lower spending on supplies and services given the government’s commitment to more prudent spending under the current uncertain environment

- Public investment is projected to turn around to register a positive growth of 1.1 per cent

- Consumer spending to be affected by an environment of higher prices and greater uncertainty but remain supported by continued income and employment growth

- Private investment to trend below long-term average in 2016, however, growth remains supported by on-going and new investments, particularly in the manufacturing sector

- While ringgit has strengthened in recent months, volatility is likely to persist going forward

- Total assets of Bank Negara Malaysia amounted to RM440.6 billion with international reserves of RM409.1 billion (US$95.3 billion)

- International reserves are adequate to provide a buffer against external shocks and facilitate international transactions

- Banking system surplus liquidity remained high at RM178.3 billion as at January 2016

- Malaysia’s external debt stood at RM833.7 billion, equivalent to US$192.2 billion or 72.1 per cent of GDP as at end of 2015 (2014: RM747.5 billion, equivalent to USD211.8 billion or 67.5% of GDP)

- The current account surplus may be lower at RM19.1 billion or 1-2 per cent of Gross National Income in 2016, on account of lower goods surplus and wider income deficits

- The unemployment rate may increase slightly but is expected to remain low at around 3.3 per cent and 3.5 per cent (2015: 5.7 pct)

- Malaysia’s population to increase to 31.4 million in 2016 (2015 : 31 million)

For further information on BNM's Annual Report and Financial Stability and Payment Systems Reports, please click:

Bank Negara Malaysia Annual Report 2015

Financial Stability and Payment Systems Report 2015

Financial Stability and Payment Systems Report 2015

Bank Negara Malaysia’s 2015 Annual Report, Financial Stability and Payment Systems Report

Bank Negara Malaysia’s 2015 Annual Report, Financial Stability and Payment Systems Report

Press Conference on 2015 Annual Report and Financial Stability & Payment Systems Report

Posted Date: 9 Apr 2016

Issues List

FMM Digital Day
CM's Webinar on Zoom and Facebook Live
Highlights of the Finance Bill 2020 covering proposed.
2021年财政预算案 报道
COVID-19: Impacts to Business (Source: PwC)
National Budget 2021
SMEs Go Global Programme
Business Excellence Guide for SMEs
Business Scale-Up Programme
Movement Control Order, Malaysia
Covid-19: Six Months Exemption of HRDF Levy
Sarawak Micro Credit Scheme opens for application
Matching Grant for SME Digitalisation Initiative
Twelfth Malaysia Plan, 2021-2025
Minimum Wages Order 2020
National Budget 2020
Sarawak Digital Economy Strategy Book
Sarawak Federal Secretary Office
Sarawak Develops Digital Economy
Introduction of Centre of Technical Excellence
Structured Internship Programme (SIP)
New Guidelines on Market Development Grant
SME Competitiveness Rating for Enhancement (SCORE)
Industry4WRD Readiness Assessment
Minimum Wages Order (Revised 2018)
National Budget 2019
Launching of the National Policy on Industry 4.0
Malaysia Export Exhibition Centre (MEEC) in KL.
Digital Free Trade Zone (DFTZ)
National Workforce Human Capital Development Blueprint (2018 – 2025)
Matrade Reinstates Market Development Grant
Financing for Small and Medium Enterprises (SMEs)
Important Links of Budget 2018
Enforcement of Sarawak Labour Ordinance Section 60A
SIRIM-Fraunhofer Programme
National Graphene Action Plan 2020
Cabinet & Assistant Ministers of Sarawak
Salary Guide, Starting Salaries for 160 Selected Skill-Based Jobs
National Budget 2017
Scheme Micro Financing
Workshop on Sarawak Rural Economic Transformation
Industrial Innovation Program and STTF
Update on Immigration Guideline & Procedure
Minister of Industrial and Entrepreneur Dev
Malaysian Global Innovation and Creativity Centre (MaGIC)
Malaysian Chinese Women Entrepreneurs Foundation
Soft Loan Scheme for Automation and Modernisation
ASEAN Economic Community (AEC) Open Day
Investment Opportunities in the Resource Based Industries
OSH CLASS Regulations
2015 Bank Negara Malaysia Annual Report
Eleventh Malaysia Plan (11MP)
National Budget 2016
Briefing on Labour Chapter, TPPA
Trans-Pacific Partnership Agreement (TPPA)
Go-Ex Programme
KOJADI SME Loan Scheme
Amendments to Regulation 32(1) of the Employees’ Social Security (General) Regulations 1971
Bank Negara Malaysia Annual Report 2014
Green Technology Financing Scheme (GTFS)
The Factories & Machinery (Person-In-Charge) (Amendment) Regulations 2014
Income Tax (Deduction From Remuneration) Amended
Prime Minister's Hibiscus Award
GST Exempt, Zero-Rated and Relief Lists Gazetted
National Budget 2015
Application for GST e-Voucher
Registration for GST before 31 December 2014
Opening of EXIM Bank Kuching
National Budget 2014
Official Opening of Bank of China & Visa Center
MIDA e-Application
Termination of the GSP from 2014
Certificate of Responsibility on Food Safety
Imposition of Customs (Prohibition of Imports) Order on Construction Materials
Updated Import Mechanism for Iron and Steel Products
Minimum Retirement Age Act 2012
Programme on Training Scheme 1Malaysia
New Requirement for Food Exports to China
New Guidelines for Market Development Grant
National Budget 2013
Domestic Investment Strategic Fund
The Investment Coordinating Board of Indonesia (BKPM)
Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI)
Operator of Steam Boiler
Certificate of Fitness of Steam Boiler
Launching of MIDA new headquarters and logo
Pos Malaysia Shopping Portal
Get Malaysian Business Online (GMBO)
Department of Skills Development Malaysia
Customs Appeal Tribunal
The Minimum Wage Order 2012 Gazetted
Malaysian Competition Act 2010 Is Enforced
GST Implementation in the Near Future
National Budget 2012
Government Financial Assistance Programmes By Malaysian Industrial Development Finance (MIDF)
Malaysia Export Exhibition Centre
SME Development Programmes
Tebedu Inland Port
Malaysia National Budget 2011
Strategic Trade Act 2010 (STA)
IRB E-ledger
APEC Website on Tariffs and Rules of Origin (WebTR)
Highlight of Tenth Malaysia Plan (2011-2015)
New Economic Model for Malaysia
Malaysian Competition Act 2010
Malaysia National Budget 2010
Issues Raised at the Economic Council Dialogue
Employers Can Reduce Their Employees' Monthly Tax Deductions
Tax Incentives for the Manufacturing Sector in Malaysia
Halal Industry Development Corporation (HDC)
Malaysia External Trade Development Corporation (MATRADE)
National Budget 2009
Investment & Trade Dialogue and Seminar 2009
Seminar Keselamatan dan Kesihatan Pekerjaan
An Introduction Programme of GMP
Optimising Opp under Malaysia Free Trade Agreement
SMI & SME Intellectual Property Awareness Campaign
Briefing on the Malaysia Benchmarking Index (MBI)
Advertise in SMA 50th Anniversary Directory 2013
SMA Membership Directory 2003: Sample 2
SMA Membership Directory 2003: Sample 1
Contribution Rate For Employees Who Are Above 55 y
Special Taskforce to Facilitate Business (PEMUDAH)
Trade Exhibitions in Malaysia 2008 - 2009
Sarawak Corridor of Renewable Energy (SCORE)
Development Financial Institutions
Definition of SMEs:
2008 Budget Highlights
GS1 Identification System
Skill Training Programmes (Technical & Vocational) By Government
Useful Website
Third Industrial Master Plan (IMP3) 2006 ¨C 2020
International Trade Malaysia 2007
Liberalisation of Foreign Exchange Administration Policies
YB Encik Larry Sng Visited Chuan Ming Sdn Bhd
2007 New Appointed Consul-General in Kuching
Patron, Hon President, Advisors & SMA Council
2007 Budget Highlights - Tax Commentary
MIDA & MATRADE - Trade and Investment Mission
Lee Fah Mee Sdn Bhd HACCP Certificate Presentation Ceremony
Human Resources Development Berhad
Ready Built Factories for Sale and Rental
Certify Your Profession - Put Up Your Skill Badge
TOCC Accredited Kilang Ceria Alam
KKB & Sarawak Enterprise Sign MoU
Ministries of Agriculture Visited Sea Horse Co S/B
ISO 9001:2000 Recognition For Sarawak Slipways S/B
China Council for the Promotion of International Trade
Registration With MATRADE
Asia Pacific Natural Products Expo
Grant for Development and Promotion of Halal Product
Grant for Enhancing Product Packaging, Design and Labeling Capabilities of SMEs
The RosettaNet
WTO Agreement on Technical Barrier to Trade (TBT)
The SME Bank
The Amended Sarawak Labour Ordinance be enforced from 1 October 2005
Electronic Procurement System (ePerolehan)
Additional Incentives for the Manufacturing Sector for Sarawak
Conclusion of the Second National SME Development
Japanese Interested in Business Venture in Sarawak
Closer Economic Partnership Arrangement (Cepa)
The Industry R& D Grant Scheme (IGS)
Hong Kong Trade Development Council Trade Fairs
Assistance For Cleaner Production / Waste Treatment Projects Implementation
Sabah International Expo 2004
Financial Schemes Under MITI For Small And Medium Enterprises (SMEs)
Registration of SMIs with SMIDEC
Registration of Exporters with MATRADE
SESCO Connection Charge Guidelines 1/2003




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