News about bank

KUALA LUMPUR (Oct 15): 1Malaysia Development Berhad (1MDB) today obtained permission from the High Court, here, to serve its writ of summons against six parties, including two overseas banking firms.

KUALA LUMPUR (Oct 14): The public has been reminded not to be easily influenced by get-rich-quick schemes or risk-free schemes that promise unrealistically high returns to avoid falling victim to scams by irresponsible parties.

KUALA LUMPUR (Oct 14): Bank Negara Malaysia (BNM) welcomes the Financial Management & Resilience Programme (URUS) by Agensi Kaunseling dan Pengurusan Kredit (AKPK) and the banking industry, which seeks to aid B50 borrowers with performing loans who have lost their jobs or who are experiencing income loss of at least 50%.

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.

KUALA LUMPUR (Sept 29): First-time buyers of affordable residential property continued to support house prices in Malaysia in the first half of 2021 (1H21) despite the housing market reversing improvements observed in 2H20 as the effects of the positive response to various homeownership incentives introduced by the government subsided.

KUALA LUMPUR (Sept 27): Malaysia saw 1,246 companies forced to wind down while 10,317 individuals registered for bankruptcy throughout the Covid-19 pandemic from March 2020 to July 2021, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

KUALA LUMPUR (Sept 24): Bank Negara Malaysia (BNM) has launched the Malaysia Overnight Rate (MYOR) as the new alternative reference rate (ARR) for Malaysia, as part of a transition to transaction-based rates.

KUALA LUMPUR (Sept 23): Maybank Investment Bank and United Overseas Bank (Malaysia) Bhd (UOB Malaysia) have been appointed the underwriter and bookrunner, on an equal basis, for a RM2 billion Islamic facility granted to Malayan Cement Bhd (MCB).

Below is the opening keynote address by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz at the Malaysian Banking and Finance Summit 2021 at 9.