News about bank

KUALA LUMPUR (March 26): The World Bank said today Malaysia should have a more coordinated approach in its efforts to lure foreign direct investment (FDI) into the country and the focus should be on providing effective aftercare to investors once they arrive in the country to ensure their investments here stay on for the long term.

KUALA LUMPUR (March 26): The World Bank has lowered its gross domestic product (GDP) growth projection for Malaysia to 6% in 2021, from 6.

KUALA LUMPUR (March 25): Genting Hong Kong Ltd is selling its entire stake in Grand Banks Yachts to Genting Bhd chairman Tan Sri Lim Kok Thay (pictured) for HK$62.

KUALA LUMPUR (March 16): Malaysia, which is on the verge of crossing the high-income nation threshold, needs to implement strong reforms by investing in human capital, increasing female force participation and implementing policy changes that improve productivity growth to boost the country's economic growth in the long run, according to the World Bank.

KUALA LUMPUR (March 16): Malaysia is expected to cross the high-income country threshold by 2025 under a baseline scenario, on the basis that the economy continues to expand healthily in the next few years, said World Bank.

PETALING JAYA (March 10): Tropicana Corp Bhd partners with Maybank Islamic to offer a homeownership financing solution that offers 100% financing in collaboration with Maybank Islamic’s HouzKEY program.

KUALA LUMPUR (March 5): Maybank Investment Bank Research (Maybank IB Research) said today the worst is over for the property sector as it believes the sector should continue to be driven by a better economic outlook, historically low interest rate environment and pent-up demand.

KUALA LUMPUR (March 5): Economists no longer expect another rate cut after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 1.

KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.

KUALA LUMPUR (March 3): Bukit Aman (pictured) said today that it has begun investigations into Datuk Dr Tawfiq Ayman for allegedly receiving funds linked to 1Malaysia Development Berhad (1MDB) in a Singapore bank account under his name.