EPF assessing usage of Account 2 savings as collateral to apply for personal loans
The Employees Provident Fund (EPF) is assessing implementation of the utilisation of members’ savings in Account 2 as collateral or guarantee for personal bank loans.
Nexgram aborts plan to acquire resort in Langkawi
Nexgram Holding Bhd said it is aborting its plan to acquire a resort in Langkawi for RM90 million to be used as a healthcare service facility.
Economists see BNM taking a cautious approach this year on interest rates
Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.
Able Global to sell Kuala Langat land for RM18 mil in RPT deal
Able Global Bhd — through its 70%-owned subsidiary Able Development Sdn Bhd (ADSB) — plans to sell its 23.538-acre land in Kuala Langat, Selangor, for RM18.45 million.
Govt allows EPF members to use savings in Account 2 as collateral for bank loans
Prime Minister Datuk Seri Anwar Ibrahim: I welcome different opinions; I do not agree in principle with a special withdrawal of the people’s retirement savings. [But] I will ensure EPF allows contributors who have money yet facing financial difficulties to borrow from banks by using their EPF savings as collateral or guarantee
BNM keeps OPR unchanged at 2.75%
Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.
168 Park Selayang sales gallery officially launched
Formerly known as Selayang Star City, the 168 Park Selayang development was previously developed by Leadmont Group offering three high-rise residential towers, a serviced suites block and a mall.
MOF seeks to convert RM165m govt loan to UDA Holdings into equity
Putrajaya is seeking Parliament approval to convert some RM165.28 million government loan to UDA Holdings Bhd into equity investment, effectively forgiving these borrowings to the Ministry of Finance-owned property developer, according to motions filed to the Dewan Rakyat.
Advancecon’s former deputy CEO goes to court to nullify his removal from office
Advancecon Holdings Bhd’s second largest shareholder Lim Swee Chai has filed an originating summons against the company to nullify his removal as director last year.
Tropicana Miyu in Petaling Jaya fully sold
Tropicana Corp Bhd announced that its ongoing project Tropicana Miyu in Petaling Jaya, Selangor is fully sold. The condominium project was launched in September 2020 and slated for completion in August 2024.
