Zeti: I know nothing about the land deal
KUALA LUMPUR (Nov 1): Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said she has no knowledge of the RM2 billion land purchase as it did not take place during her tenure.
‘Someone in BNM ‘obviously knows’ where RM2b went’
KUALA LUMPUR (Nov 1): Someone in Bank Negara Malaysia (BNM) “obviously knows” what happened to the RM2 billion paid by the central bank to purchase a parcel of land from the finance ministry, said Prime Minister Tun Dr Mahathir Mohamad yesterday.
Bank Negara commissions ‘review’ on purchase of Lot 41
KUALA LUMPUR (Nov 1): Bank Negara Malaysia (BNM), which is under the purview of finance ministry (MoF), has yet to close the chapter on the RM2.
Four BNM officials put on leave pending investigations into RM2b land purchase — report
KUALA LUMPUR (Oct 31): Four Bank Negara Malaysia (BNM) officials have been told to go on leave pending investigations into the January purchase of land valued at RM2 billion.
BNM Governor wants option to use capital controls — FT
KUALA LUMPUR (Oct 17): Bank Negara Malaysia (BNM) governor Datuk Seri Nor Shamsiah Mohd Yunus has said Asian countries facing increased market volatility need the option to use capital controls to pre-empt financial crises.
HBA tells Rehda to redefine affordable housing – report
PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.
Maximum loan tenure could be extended up to 40 years for affordable home buyers
PETALING JAYA (Oct 9): Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin.
Developers must cut profits to lower property prices – report
PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.
Bank Negara: Imbalances in property market continue to persist
KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
