Tuesday, October 14, 2008

Breaking News-RTRS-Malaysia banks can weatherglobal turmoil

KUALA LUMPUR, Oct 14 (Reuters) - The Malaysian financial sector is strong enough to weather the global turmoil, and its banking and insurance industries have adequate capital and liquidity, the central bank said on Tuesday.
Bank Negara Malaysia also said in a statement that it was ready to provide liquidity to financial institutions, where necessary.