Guocoland places over RM2b bid for Singapore’s Lentor Central MRT site
SINGAPORE (July 26): Guocoland has placed an offer of more than S$784 million (about RM2.
Vaccination progress to lead recovery in REIT sector, says AmInvestment Bank
KUALA LUMPUR (July 26): The current lacklustre performance of retail real estate investment trusts’ (REITs) share prices offers investors a good opportunity to invest in quality retail REIT assets whose property values have remained largely intact despite the Covid-19 pandemic, AmInvestment Bank said.
MoF launches JanaNiaga to assist SMEs maintain cash flow
KUALA LUMPUR (July 22): The Ministry of Finance (MoF) today launched the National Supply Chain Finance Platform, dubbed as "JanaNiaga", with an aim to assist small and medium enterprises (SMEs) in maintaining a healthy cash flow while also limiting credit risk to financiers or financial institutions in Malaysia.
AmInvestment Bank maintains cautious outlook on property market
PETALING JAYA (July 15): AmInvestment Bank Bhd maintains a cautious outlook on the property market in the second half this year in view of the current situation - the spiking number of Covid-19 daily cases and extended lockdown that could cause a slower-than-expected recovery.
World Bank: Benefits to global growth 'in the trillions' if advanced economies release extra vaccines
KUALA LUMPUR (July 15): Global growth could add "several percentage points" and see benefits "in the trillions" if advanced economies release their extra vaccines to help developing countries whose reopening has stalled due to lack of vaccines, World Bank president David Malpass said.
Bank Islam receives 108,936 applications under PEMULIH repayment assistance package
KUALA LUMPUR (July 12): Bank Islam Malaysia Bhd is currently assisting 108,936 accounts with a total outstanding financing amount of almost RM12.
BNM maintains OPR at 1.75%
KUALA LUMPUR (July 8): Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 1.
Banks have started taking applications for loan moratorium opt-ins
KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.
BNM: Application for six-month moratorium starts tomorrow
KUALA LUMPUR (July 6): Individuals, microenterprise borrowers and SMEs that are affected by the pandemic may start applying for the six-month moratorium from tomorrow onwards, via banks’ website, email or phone call.
BNM announces enhancements to Covid-19 facilities for SMEs
KUALA LUMPUR (July 3): Bank Negara Malaysia has allocated another RM2 billion for the Targeted Relief and Recovery Facility (TRRF) to provide relief for those in the services sector, bringing the total allocation for the facility to RM6 billion, as part of a list of enhancements to the Central Bank’s initiatives for SMEs.
