Loan repayment flexibility application starts next Friday

Jul 29

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

BNM: Loan 'restructuring and rescheduling' upon repayment moratorium expiry

Jul 24

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.

Muji Singapore and Malaysia business not affected by US bankruptcy protection filing

Jul 21

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.

Property sector 'neutral' despite challenging outlook, says AmInvestment Bank

Jul 20

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.

Muji USA files for bankruptcy

Jul 13

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.

Matrix Concepts says confident of surpassing FY21 sales target of RM1.1b

Jul 10

SEREMBAN (July 10): Property developer Matrix Concepts Holdings Bhd said today it is confident of surpassing its sales target of RM1.

Would you still put your money in the bank?

Jul 10

KUALA LUMPUR (July 10): With the overnight policy rate (OPR) at a record low now, it may not be a wise idea to put your money in the bank if a high return is what you are looking for.

BNM may cut OPR by another 25bps to 1.50% as early as September — HLIB

Jul 08

KUALA LUMPUR (July 8): Hong Leong Investment Bank Research (HLIB) is not discounting the possibility that Bank Negara Malaysia (BNM) will cut the overnight policy rate (OPR) by another 25 basis points (bps) to 1.