The role of banks and financial institutions in supporting national economic recovery
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.
Analysts surprised by waiver of interest payments but view impact on banks as manageable
KUALA LUMPUR (Sept 15): The move by the Ministry of Finance (MOF) instructing banking institutions to work on the exemption of interest payments for recipients of the targeted payment assistance has generally taken analysts by surprise.
MoF instructs banks to work on interest payment exemption for recipients of loan moratorium
KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.
BNM maintains OPR at 1.75%
KUALA LUMPUR (Sept 9): The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 1.
RHB stays neutral on property sector as new MM2H rules seen having minimal negative impact
KUALA LUMPUR (Sept 7): RHB Research has maintained its “neutral” rating on the property sector, and said it expects the new Malaysia My Second Home (MM2H) programme rules not to have a positive impact on the sector, nor a significant negative impact.
YTL Hospitality REIT in acquisition mode as yield-accretive assets emerge
KUALA LUMPUR (Sept 2): YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive assets, analysts said.
Kerjaya Prospek Property buys land from Asia Pac Holdings for RM42m cash
KUALA LUMPUR (Aug 28): Kerjaya Prospek Property Bhd is buying a parcel of leasehold land in Sungai Buloh, Selangor for RM42 million cash, to expand its landbank size.
Najib’s application to quash RM1.69b IRB bankruptcy claim set for Dec 7
KUALA LUMPUR (Aug 27): The hearing of former premier Datuk Seri Najib Razak’s (pictured) application to stay proceedings and to set aside the bankruptcy notice on the grounds of abuse of process in the Inland Revenue Board’s (IRB) bankruptcy claim against him is set for Dec 7.
Some economists still holding out hope for above 4% full-year GDP growth
KUALA LUMPUR (Aug 16): Despite Bank Negara Malaysia’s (BNM) move to slash growth forecast for 2021 to the 3% to 4% range, some economists are still holding out hope for growth to come in above 4% this year.
BNM says banks will continue to offer targeted loan repayment assistance to borrowers when moratorium ends
KUALA LUMPUR (Aug 13): Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus said today banks in the country will continue to offer the Covid-19 pandemic-driven targeted loan-repayment assistance to borrowers when the loan-repayment moratorium expires by the end of 2021.
