News about bank

According to economists and fund managers, although BNM may not be emulating the hawkish stance the US Federal Reserve took by raising policy rates by a big quantum of 75 basis point to battle inflation, the central bank may have a much more calculated approach.

The committee’s final interest rate hike of 2022 was in line with Bloomberg median economist expectations and marked the fourth consecutive 25bps hike of this year, translating to a year-to-date increase of 100bps.

Affin Home Step Fast/i has “significant advantages” such as loan margin of up to 90% + 5% and a tenure period of up to 30 years or age 70, without a lock-in period or early settlement fee.

Ivory has been loss-making since the financial year ended March 31, 2020 (FY2020), as it failed to achieve sufficient revenue to sustain its operating costs.

Malaysia’s CPI increased for the fifth consecutive month in August, coming at 4.

This was after AME REIT, the REIT arm of industrial property developer AME Elite Consortium Bhd had made its debut on Bursa Malaysia on Tuesday.

Home Step Fast/i homebuyers will receive a margin of financing of up to 90% with an additional 5% allocated for home loan insurances, legal and documentation fees, including as stamping and valuation fees.

The latest among these relocations is Malayan Banking Bhd (Maybank), which announced plans to move its head office to Merdeka 118 in 2025, the world's second tallest building owned by the bank's 40% shareholder Permodalan Nasional Bhd (PNB).

This is because the 35-year-old building is deemed to be well maintained while having a strategic prime location in the city centre and potentially competitive rental rate if office space supply remains abundant two years down the road, according to experts in the property sector.

This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast polled by Bloomberg, bringing year-to-date increase to 75bps.