AmBank's RM2.83b settlement to govt on 1MDB matters negotiated in just 'a few days', bank tells analysts
KUALA LUMPUR (March 2): AMMB Holdings Bhd (AmBank) was only given "a few days" to negotiate the recently announced RM2.
Pua urges MoF to focus on claims against former 1MDB auditors after settlement with AmBank
KUALA LUMPUR (March 1): DAP’s Tony Pua has lauded the Ministry of Finance (MoF) for completing the RM2.
Banks unlikely to deliver stellar results for 4Q20
KUALA LUMPUR (Feb 23): Higher provisioning is expected to have a weakening effect on Malaysian banks' profitability in the fourth quarter of 2020 (4Q20), due to be released this week, given the need to cushion the economic and financial shocks from the Covid-19 pandemic.
Najib's appeal in suit against AMMB, AMBank and Joanna Yu fixed in June
PUTRAJAYA (Feb 19) : Datuk Seri Najib Razak's appeal over the dismissal of his suit against against AMMB Holdings Bhd, AmBank Islamic Bank Bhd and the bank's former customer relationship manager Joanna Yu Ging Ping has been fixed for hearing at the Court of Appeal on June 25.
A fallacy to think economy can only be revived by blanket loan moratorium, says BNM governor
KUALA LUMPUR (Feb 11): Blanket loan moratorium is not the remedy to the current economic problems.
BNM unlikely to cut OPR further in 2021 — Affin Hwang
KUALA LUMPUR (Feb 4): Bank Negara Malaysia (BNM) is unlikely to cut its overnight policy rate (OPR) any further from the current 1.
Even without OPR cut, real rates will turn negative this year, says Maybank IB chief economist
KUALA LUMPUR (Jan 20): A passive easing in interest rates in the country will be seen, even without making any changes to the overnight policy rate (OPR), according to Maybank Investment Bank (Maybank IB) chief economist Suhaimi Ilias.
Former Port Klang Authority GM OC Phang declared bankrupt
KUALA LUMPUR (Jan 19): Former Port Klang Authority general manager (GM) Datin Paduka OC Phang, who was ordered to pay RM2.
Covid-19: BNM says borrowers can request loan-repayment moratorium, CCRIS report won’t be affected
KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.
Are foreclosures by banks possible even after you have paid promptly?
In early December 2020, it was reported on online media that the house of a cash purchaser in Lunas, Kedah was auctioned off by the financing bank because the progress payments she made to the developer allegedly never reached the bank.
