Latest news with #QualifiedResidentInvestor
BusinessToday
2 days ago
- Business
- BusinessToday
BNM Launches Qualified Resident Investor Programme To Boost Forex Market Flexibility
Bank Negara Malaysia (BNM) has announced the full rollout of its Qualified Resident Investor (QRI) Programme to enhance the flexibility for Malaysian corporates and encourage greater two-way flows in the onshore foreign exchange (forex) market. The initiative, effective July 1, 2025, follows a successful pilot launched in April 2024, which has already attracted over US$1 billion in inflows into Malaysia's financial markets. The QRI Programme allows eligible corporates to enjoy streamlined processes for overseas direct investments, without the need for prior BNM approval if certain conditions are met. To qualify, resident corporates must repatriate and convert eligible foreign currency funds into ringgit and demonstrate strong corporate governance and compliance with BNM's forex policies. Once registered, they gain greater autonomy in managing future outbound investments. The programme is available until June 30, 2028, and further details, including registration and eligibility guidelines, are available on . BNM's full-scale launch of the QRI Programme signals a continued commitment to improving capital flow efficiency and strengthening Malaysia's position as a dynamic investment destination. Related
New Straits Times
2 days ago
- Business
- New Straits Times
Bank Negara to implement flexible funds repatriation, conversion programme on July 1
KUALA LUMPUR: Bank Negara Malaysia is set to fully implement its Qualified Resident Investor (QRI) programme for eligible corporates effective July 1. The programme offers flexibility for Malaysian companies that repatriate and convert foreign currency funds from overseas investments and may have interest to undertake new or further direct investment abroad in the future. To enjoy the flexibility, the companies must first bring home any foreign earnings from their overseas investments and convert that money into ringgit upon successful one-off registration with Bank Negara. These companies can then invest more money abroad later without needing to ask the central bank for approval each time. "Eligible corporates include all resident corporates that repatriate and convert foreign currency proceeds from overseas investments and demonstrate good corporate governance and compliance with the foreign exchange policy of Bank Negara," it said in a statement. The programme will be available until June 30, 2028. The full rollout follows the success of the pilot programme, which was introduced in April 2024.
New Straits Times
2 days ago
- Business
- New Straits Times
Bank Negara to fully implement more flexible funds repatriation, conversion programme on July 1
KUALA LUMPUR: Bank Negara Malaysia is set to fully implement its Qualified Resident Investor (QRI) programme for eligible corporates effective July 1. The programme offers flexibility for Malaysian companies that repatriate and convert foreign currency funds from overseas investments and may have interest to undertake new or further direct investment abroad in the future. To enjoy the flexibility, the companies must first bring home any foreign earnings from their overseas investments and convert that money into ringgit upon successful one-off registration with Bank Negara. These companies can then invest more money abroad later without needing to ask the central bank for approval each time. "Eligible corporates include all resident corporates that repatriate and convert foreign currency proceeds from overseas investments and demonstrate good corporate governance and compliance with the foreign exchange policy of Bank Negara," it said in a statement. The programme will be available until June 30, 2028. The full rollout follows the success of the pilot programme, which was introduced in April 2024.
The Star
2 days ago
- Business
- The Star
Bank Negara launches full QRI programme to boost corporate flexibility
KUALA LUMPUR: Bank Negara has announced the full rollout of the Qualified Resident Investor (QRI) Programme for eligible corporates, effective July 1, as part of efforts to promote two-way flows in the onshore foreign exchange market. In a statement, the central bank said the rollout builds on the success of the pilot programme, which was introduced in April 2024. Since its inception, the QRI programme has generated cumulative inflows from participants exceeding US$1bil into the domestic financial market. The QRI Programme allows eligible resident corporates to enjoy greater flexibility in managing their future direct investments abroad without needing prior approval from Bank Negara. To participate, corporates are required to complete a one-time registration with Bank Negara. Upon successful registration, these corporates must repatriate and convert eligible foreign currency funds into ringgit in order to benefit from the programme's flexibilities. Eligible corporates include all resident companies that repatriate and convert foreign currency proceeds from their overseas investments, and that demonstrate good corporate governance as well as compliance with Bank Negara's foreign exchange policy (FEP). The QRI Programme will be available until June 30, 2028. For more information on the progamme, visit
