Covid-19 patient commits suicide over 'hefty medical bill'
KUALA LUMPUR (Jan 23): A Covid-19 positive man took his own life over “an allegedly hefty medical bill” in Seri Kembangan last night, reported New Straits Times (NST).
Even without OPR cut, real rates will turn negative this year, says Maybank IB chief economist
KUALA LUMPUR (Jan 20): A passive easing in interest rates in the country will be seen, even without making any changes to the overnight policy rate (OPR), according to Maybank Investment Bank (Maybank IB) chief economist Suhaimi Ilias.
Mobilus welcomes arrival of first automated rapid transit system into Iskandar Malaysia
KUALA LUMPUR (Jan 20): Mobilus Sdn Bhd has welcomed the arrival of the first automated rapid transit (ART) system into Johor, which is set to be the site for a bus pilot testing programme to be launched in Iskandar Malaysia in the first quarter of 2021.
Former Port Klang Authority GM OC Phang declared bankrupt
KUALA LUMPUR (Jan 19): Former Port Klang Authority general manager (GM) Datin Paduka OC Phang, who was ordered to pay RM2.
Covid-19: BNM says borrowers can request loan-repayment moratorium, CCRIS report won’t be affected
KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.
Jiankun plans private placement to fund property project
KUALA LUMPUR (Jan 14): Jiankun International Bhd has proposed to undertake a private placement of up to 20% of the total number of issued shares in the company to raise an indicative maximum amount of RM23.
Are foreclosures by banks possible even after you have paid promptly?
In early December 2020, it was reported on online media that the house of a cash purchaser in Lunas, Kedah was auctioned off by the financing bank because the progress payments she made to the developer allegedly never reached the bank.
BNM expected to cut OPR to new low of 1.5% — DBS Group Research
KUALA LUMPUR (Jan 15): DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.
Maybank temporarily closes 69 branches due to MCO
KUALA LUMPUR (Jan 14): A total of 69 Malayan Banking Bhd (Maybank) branches across Malaysia will not be operational temporarily starting from today (Jan 14) due to the re-enforcement of various levels of the nation’s movement control order (MCO) to curb the spread of the Covid-19 pandemic.
High Court quashes bid to strike out Sarawak solar hybrid project dispute
KUALA LUMPUR (Jan 13): The High Court has dismissed a striking out application brought by Jepak Holdings Sdn Bhd's former managing director Saidi Abang Samsudin (pictured) in a lawsuit against him by by his former partner Rayyan Radzwill Abdullah.
