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Zeti Akhtar Aziz

BNM Will Remain Steadfast Despite Governor’s Resignation

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KUALA LUMPUR – Former Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz believes that BNM will remain steadfast in performing its duty as the central bank despite the resignation of its Governor Tan Sri Muhammad Ibrahim. “The central bank is a solid institution that was established to serve the people,” she said…

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Zeti Will Cooperate With Probe Into BNM Forex Loss Probe

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KUALA LUMPUR: Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz says she is willing to cooperate with the investigation into the alleged foreign exchange (forex)trading loss of US$10 billion by the central bank in the 1990s. Zeti said on Thursday the issue was never raised during her 16-year tenure as governor…

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Zeti, Abu Kassim To Consult Lawyers Over Conspiracy Allegations

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PETALING JAYA: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz and outgoing Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Abu Kassim Mohamed will consult with their lawyers over allegations by Umno Youth in a police report that they conspired to topple the Prime Minister. Former Attorney-General Tan Sri Abdul Gani Patail, who was…

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Zeti, An Exemplary Leader, Says Muhammad

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KUALA LUMPUR – Datuk Muhammad Ibrahim, who will take over from Tan Sri Dr Zeti Akhtar Aziz as Bank Negara Malaysia (BNM) Governor from May 1, 2016, has described Zeti as an exemplary leader. “I would like to thank Zeti for the exemplary leadership over the last 16 years and for her serving the bank…

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Compelling Need For Finance To Play Greater Role

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KUALA LUMPUR, March 30 (Bernama) — There is a compelling need for finance to have a greater role in shaping responsible behaviour that underpins a stable and well-functioning economy and advances the goals of a progressive society and sustainable environment. Bank Negara Malaysia Governor, Tan Sri Dr Zeti Akhtar Aziz, said finance, if not anchored…

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Ringgit Exceeds Sharp Adjustment Phase, Says Zeti

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KUALA LUMPUR – The ringgit has exceeded the adjustment phase but Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz warned that there was still continued volatility in the local unit against the US Dollar. “Ringgit volatility since September 2014 has exceeded levels in previous episodes of sharp adjustments,” she said. The local currency has…

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Zeti: Economy Is Diversified

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KUALA LUMPUR: Malaysia is not affected by the drop in oil prices as much as the market had expected it to be, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz (pic). “The market did not really take into account that we have already restructured our economy, wherein the services sector now constitutes some…

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Majortiy Of Malaysians Trust, Respect BNM, Says Zeti

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KUALA LUMPUR: A majority of Malaysians trust and respect Bank Negara Malaysia, says Governor Tan Sri Dr Zeti Akthar Aziz. “Malaysians look to us to maintain this degree of stability in our country in very challenging times. “The fact is we never had disruptions in credit flow and this is important. Businesses are not deprived…

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Zeti Unlikely To Stay For Another Term

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KUALA LUMPUR – Tan Sri Dr Zeti Akhtar Aziz said she will not stay on for another term as Bank Negara Malaysia (BNM) Governor. The process of finding a successor is being undertaken by the Governance Committee of the BNM Board which comprises independent directors from the private sector. “I am not at liberty to…

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IAP Likely To Impact Strongly Role Of Financial Intermediation

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KUALA LUMPUR – The Investment Account Platform (IAP) is likely to have a significant implication on the role of financial intermediation in the Islamic financial system, says Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz. She said the centralised multi-bank platform is more than just a new, innovative medium for Shariah-compliant investments and…

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Zeti: Malaysians Want To See Conclusion To 1MDB Investigations

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PETALING JAYA: Malaysians want to see a conclusion to the 1Malaysia Development Bhd (1MDB) investigations so that the country can deal with other economic issues, said Bank Negara governor Tan Sri Zeti Akhtar Aziz (pic). Zeti, who will be retiring in April, said various authorities were investigating different aspects of the strategic development company. “Everyone…

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Bank Negara Welcomes IMF Decision On Chinese Currency

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KUALA LUMPUR: Bank Negara governor Tan Sri Zeti Akhtar Aziz welcomes the inclusion of the Chinese currency in the International Monetary Fund’s (IMF) basket of reserve currencies as an “important development” that will contribute to greater stability in the international monetary system. But the central bank is in no rush to increase its holdings of…

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Sell Of Energy Assets By 1MDB Has No Impact On Market

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KUALA LUMPUR – 1Malaysia Development Bhd’s sale of its energy assets to China’s firm will not have an impact on the market, said Bank Negara Malaysia’s Governor, Tan Sri Dr Zeti Akhtar Aziz. “Our system is large and the foreign exchange market is huge. A single transaction so far in our monitoring does not impact…

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Zeti: Ringgit Will Stabilise If Policy Uncertainties Resolved

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KUALA LUMPUR: The ringgit will stabilise if the uncertainties in the policies of major economies and the domestic issues are resolved, says Tan Sri Dr Zeti Akhtar Aziz. “When the uncertainties and domestic issues are resolved … I believe the currency will trend better, reflecting our solid fundamentals,” the Bank Negara Malaysia Governor told reporters…

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Zeti Says Successor Should Be Identified By End-January

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KUALA LUMPUR: Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz says her successor should be identified by end-January, three months before she is due to retire in April next year. Towards this end, the governor is encouraging the central bank’s governance committee to convene and conclude the search at least three months…

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Zeti Says Ringgit Significantly Undervalued Amid Growth

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DUBAI: The Malaysian ringgit remains “significantly undervalued” and risks to economic expansion are unlikely to materialise with exports still strong, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said. The ringgit doesn’t reflect fundamentals with the nation’s current account in surplus, unemployment at about 3 percent and inflation within Malaysia’s long-term average, Zeti…

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Malaysia’s Islamic Finance Poised For Greater Growth

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KUALA LUMPUR – Malaysia’s Islamic finance industry is poised for a greater future and will grow in line with the national aspiration of becoming a global hub, said Governor Tan Sri Zeti Akhtar Aziz. “It (the industry) is set to grow. Its international dimension will continue to increase because we are becoming an international hub…

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MCMC Investigates Spread Of False News Linked To Apandi, Zeti

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KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) will investigate the spread of a false statement by Attorney-General Tan Sri Apandi Ali against Bank Negara Governor Tan Sri Zeti Akhtar Aziz which was said to have been uploaded in a local news portal. Head of the MCMC Network Security, Enforcement and Advocacy Sector Zulkarnain…

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No Need To Peg Ringgit To US Dollar, Says Zeti

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KUALA LUMPUR: There is still no need to peg the ringgit to the US dollar currently despite the continued downtrend of the local unit, says Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz (pic). “If you peg the currency, something else will adjust, either prices or demand conditions, and those might have…

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1MDB Confident Ringgit Will Recover

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We refer to media reports on certain statements made by Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, the Governor of Bank Negara Malaysia at a forum on 21 September 2015. 1MDB is disappointed that Tan Sri Zeti appears to single out 1MDB for the current weakness of the Ringgit. This is despite the well-known…

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Retrain, Train People To Start Their Own Business: Zeti

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KUALA LUMPUR: Opportunity has to be given for training or retraining people on how to start their own businesses at this time, said Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz. She said this was done back in 2000, with consolidation and mergers in the banking sector resulting in 4,000 people leaving…

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Currency Fall Not Unique To Malaysia, Says Zeti

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KUALA LUMPUR – Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said Malaysia’s current currency depreciation is not unique as more than 120 currencies globally have fallen against the US dollar. Speaking to the New Straits Times in an exclusive interview published today, Zeti said the phenomenon had affected the oil and commodity…

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Renminbi Set To Become International Currency: Zeti Aziz

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KUALA LUMPUR: The renminbi is on the road to becoming an international currency and countries in Asia, including Malaysia must be ready for this transition, warned Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz. Its potential role as a global reserve currency will have significant global implications. “The renminbi is no longer an…

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Zeti Aziz Dismisses Rumours Of Resignation

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KUALA LUMPUR: Bank Negara Governor Tan Sri Zeti Akthar Aziz has crushed speculation that she may be resigning. “I certainly will remain in office until my term ends. It’s a five-year term and my term ends next year,” she told the press at a briefing at Bank Negara on Thurday morning. When asked if she…

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IGP: Zeti Not Investigated Over 1MDB

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KUALA LUMPUR: Tan Sri Khalid Abu Bakar  has denied that the Bank Negara governor was being investigated by police over the 1Malaysia Development Bhd (1MDB) issue. “Not by us,” Khalid told reporters when ‎he was asked whether ‎Tan Sri Dr Zeti Akhtar Aziz was being probed by police over the matter. Khalid said this during…

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Zeti Aziz’s “Amazing Accomplishments” Awarded Her The Wharton Dean’s Medal

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KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz, who has successfully navigated Malaysia’s economy through more than one financial crisis, has been awarded the Wharton Dean’s Medal. The Wharton School of the University of Pennsylvania said this was its highest honour, to a Penn alumna who had had a tremendous economic impact…

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Current Level Of Oil Prices Favourable To Country’s Economy

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KUALA LUMPUR – The current level of oil price is favourable to the country’s economy as it brings down the costs to businesses and consumers as well as less inflationary, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said. She said consumers would have more funds for discretionary expenditure and increase consumption demand on…

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BNM To Consider Global Economy Before Adjusting Monetary Policy

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KUALA LUMPUR – Bank Negara Malaysia (BNM) will look at the future prospects of the global economy, alongside the current recession in Japan, before adjusting monetary policy to support the country’s economic growth, said its Governor, Tan Sri Dr Zeti Akhtar Aziz. “Monetary policy is forward looking. So, we will look at not just current…

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Tremendous Leadership Energy Needed Going Forward

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KUALA LUMPUR – The demand on leadership going forward will be immense and requires tremendous energy that needs to be sustainable, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said. She said leadership had become even more important in the current and future environment than before, as the global economic and financial environment…

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