Malaysia to spend RM20b to stimulate economy, higher than Singapore's S$5.6b (RM17b)
Malaysia today revealed a RM20 billion package of tax reliefs and subsidies to stimulate the economy hit by the coronavirus (Covid-19) outbreak.
Amverton shareholders advised to accept ‘unfair but reasonable’ takeover offer
KUALA LUMPUR (Feb 13): Shareholders of Amverton Bhd have been advised by Kenanga Investment Bank Bhd to accept the RM1.
After 4Q19 economic slowdown, OCBC expects another OPR cut in March
KUALA LUMPUR (Feb 12): OCBC Bank Research is expecting Malaysia to cut interest rate further this March, after a recent one in January, following lower-than-expected GDP growth during the fourth quarter of last year (4Q19), that could slow further this quarter (1Q2020), due to the 2019 novel coronavirus (COVID-19) outbreak.
COVID-19 outbreak will affect Malaysia’s growth, says BNM Governor
KUALA LUMPUR (Feb 12): Malaysia’s economic growth will be affected by the COVID-19 outbreak, particularly in the first quarter of 2020 (1Q20), said Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus (pictured).
Association of Banks in Malaysia's members taking steps to help customers affected by Wuhan virus
KUALA LUMPUR (Feb 11): The Association of Banks in Malaysia (ABM) says its members are undertaking measures to ensure their respective customers are able to weather the impacts caused by the coronavirus.
Ambank offers temporary payment deferment for customers affected by Wuhan virus
KUALA LUMPUR (Feb 11): Ambank Group announced yesterday that it will offer a temporary deferment or restructuring of instalment repayments for individuals and SME customers who are affected by the novel coronavirus (2019-nCOV) outbreak.
Public Bank offers clients affected by coronavirus six-month moratorium on loans
KUALA LUMPUR (Feb 10): Public Bank Bhd and Public Islamic Bank Bhd are offering a six-month moratorium on monthly instalment payments of loans and financing for its customers who are affected by the outbreak of the novel coronavirus (2019-nCoV).
Maybank teller testifies Jepak MD withdrew RM6.5m cash, mostly in RM100 notes
KUALA LUMPUR (Feb 5): Maybank chief cashier Azimah Aziz told the High Court today that Jepak Holdings Sdn Bhd managing director Saidi Abang Samsudin withdrew a total of RM6.
Ex-AmBank manager Joanna Yu allowed to defer filing her defence in Najib's suit
KUALA LUMPUR (Feb 4): Former AmBank relationship manager Joanna Yu Ging Ping has today been allowed by the High Court here to defer submitting her defence in the suit filed by former prime minister Datuk Seri Najib Abdul Razak until her bid to strike out the suit is heard first.
REITs stand out against low interest rates
KUALA LUMPUR (Feb 3): Real estate investment trusts (REITs) are expected to be sought after, more so after Bank Negara Malaysia’s recent cut in the overnight policy rate (OPR) by 25 basis points which resulted in lower bank deposit rates.
