OCBC Bank extends RM700m financing to Ideal Property Group
OCBC Bank will also be offering an attractive end-financing package to qualified end purchasers of the industrial park.
Parkson's Vietnam unit to file for bankruptcy, only remaining store to close
The Parkson group set foot in Vietnam in 2005 and developed a premium shopping mall chain in the major cities of Ho Chi Minh City, Hanoi and Haiphong.
PRG appoints former BNM director Arlina Ariff to board
“Her talent and experience make her an accomplished business leader, and we look forward to her contributions to PRG.
Almost half of 74,392 applicants qualify for MBSB Bank’s FSA2 loans amounting to RM722m
In a statement on Saturday (April 15), EPF chief executive officer Datuk Seri Amir Hamzah Azizan said the number of applications for FSA2 is expected to increase with the launch of Bank Simpanan Nasional’s (BSN) MyRinggit Insan-i facility on the same day.
Bank claiming RM239m from Bintai Kinden over loan default
It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.
Sunway Property and Alliance Bank ink MoU to advance sustainable communities
The collaboration will allow homebuyers to "leverage Alliance Bank’s sustainable mortgage financing packages for green-certified Sunway projects”.
UPDATE EPF: Members aged 40 and above can apply for loans using Account 2 from April 7; withdrawals from age 50 allowed for repayments
"It offers a practical solution for EPF members who are facing temporary liquidity issues by providing cash flow through personal financing but with minimal impact on their retirement savings," the EPF said.
Banks to use standardised key provisions for housing loan agreements regardless of loan amount — ABM
ABM said it first introduced in 2013 the standardised template for description of key terms and conditions in respect of housing loan or home financing agreements for individuals involving a principal sum of RM500,000 and below.
BNM: Household debt continued to be driven by residential loans, debt servicing capability remained sound in 2022
A quarter of household borrowers had DSRs exceeding 60%, and they accounted for 33.
BNM standardises housing loan and home financing agreement for retail borrowers, says AIBIM
According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.
