News about bank

KUALA LUMPUR (Aug 15): A lawyer who was acting on behalf of former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi (pictured) told the court yesterday that he did not have reason to flag cheques bearing a cumulative amount of RM76.

KUALA LUMPUR (Aug 14): Malaysia’s gross domestic product (GDP) contracted by 17.

PETALING JAYA (Aug 11): PRG Holdings Bhd partnered with Maybank Islamic to offer HouzKEY for its development called Embayu @ Damansara West with 100% financing at the lowest rate for the first five years.

KUALA LUMPUR (Aug 10): AmInvestment Bank Research (AmBank) has maintained “Underweight” on Sunway Construction Group Bhd at RM1.

KUALA LUMPUR (Aug 7): Malayan Banking Bhd (Maybank) has announced that it is offering three options for customers to apply for Repayment Assistance Packages from today.

KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.

KUALA LUMPUR (July 20): AmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months.

    PETALING JAYA (JULY 13): Muji USA Ltd, the US unit of the  Japan-based lifestyle and apparel brand has filed for bankruptcy in the state of Delaware on July 10.