News about bank

Glomac group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor said the programme would fortify the group’s financial reserves and enhance its ability to seize land banking opportunities.

“The escalation of the US$ against ringgit Malaysia and the increase of interest rates from 4% to 11% had warranted the company to negotiate a restructuring of the loan with Exim Bank,” Bina Puri said in a filing.

Home financing solutions will be offered by AFFIN BANK to homebuyers of TH Properties’ current developments, namely Bandar Enstek, Warisan Puteri 2, and Padang Residences.

The campaign offers START members with rewards worth more than RM55,000 when they buy duplex units (starting from RM663,000) and penthouse units (starting from RM998,000) at Mori Residences 2 at Rawang.

Besides customised mortgage solutions for their clients, AFFIN Mbassadors will enjoy various privileges, including special pricing on property and car loans, and being featured across AFFIN’s various online platforms to boost brand visibility.

Avaland recently reported its upward trajectory in the nine months ended Sept 30, 2024 (9M2024), with net profit more than doubling to RM68.

The new proposal also requires FSPs to verify the actual purpose of the financing by requesting supporting documents from the financial consumer before treating additional financing as home financing.

UEM Sunrise CEO Sufian Abdullah said HomeClick aims to provide an innovative and seamless experience by integrating the core aspects of the property purchase process, including loan application.

Bank Negara Malaysia: "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth prospects.

The REIT sector is expected to deliver core earnings growth of 8.