MALAYSIA: Bank Negara Malaysia (BNM) is allowing locally-registered entities flexibility in managing future direct investments abroad without requiring prior approval. This is to further bolster two-way flows in the onshore foreign exchange market – both conventional and Shariah compliant. Eligible foreign currency funds must first be converted into ringgit, said the central bank, when registration for this Qualified Resident Investor program opens on the 1st July 2025 and is valid till the 30th June 2028.
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