KUALA LUMPUR: Bank Negara Malaysia (BNM) has established a platform — the Khidmat Nasihat Pembiayaan or MyKNP — to provide assistance to small and medium enterprises (SMEs) and homebuyers who have failed to secure financing, amid mounting frustrations among those who could not get loans.
KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) today established the 'Khidmat Nasihat Pembiayaan' (MyKNP) programme, aimed at assisting SMEs and housebuyers that have previously been unsuccessful in securing financing.
KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) has expanded the eligibility criteria of its RM1 billion Fund for Affordable Homes, a fund that was set up earlier this year to help those from the lower income group to finance the purchase of their first homes.
KUALA LUMPUR (Aug 15): S P Setia Bhd is hoping that the government will consider making the financing process more affordable for first-time house buyers, especially those who purchase a property to stay in.
KUALA LUMPUR (Aug 8): There is a possibility that Bank Negara Malaysia (BNM) may opt for another rate cut by year-end after a 25 basis point cut in May, given the heightened prospect of a slower global economy, said Kenanga Investment Bank.
KUALA LUMPUR (Aug 7): Bank Negara Malaysia (BNM) may cut its key interest rate in the next three to six months, partly because the world economy has worsened, following the escalating United States (US)-China trade dispute, said CIMB Group chief economist Dr Donald Hanna.
KUALA LUMPUR (Aug 5): Further escalation on trade tensions between the US and China could prompt Bank Negara Malaysia (BNM) to cut interest rates again as early as November — bringing them down to levels not seen since March 2011 — to mitigate any impact on domestic growth, said Hong Leong Investment Bank (HLIB).