News about bank

KUALA LUMPUR (Oct 18): Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 million.

KUALA LUMPUR (Oct 11): Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.

Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme.

Bank Negara Affordable Housing Fund.

KUALA LUMPUR (Oct 10): Risks to Malaysia's economic growth outlook continue to tilt towards the downside in anticipation that a sharper-than-expected slowdown in major economies, unresolved trade tension and a maturing global technology cycle could weigh on the country's export demand in the near term.

KUALA LUMPUR (Oct 9): Someone may have conspired in AmBank to help two companies linked to Low Taek Jho, better known as Jho Low, make some RM494 million in profit from flipping 1Malaysia Development Bhd (1MDB) bonds the first day it was issued, counsel to former prime minister Datuk Seri Najib Abdul Razak said during the 1MDB-Tanore trial today.

KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.

KUALA LUMPUR (Sept 27): Bank Negara Malaysia (BNM) and the Securities Commission (SC) are leading the newly-formed joint committee on climate change (JC3) to spur the Malaysian financial sector towards a low-carbon economy.

KUALA LUMPUR (Sept 26): The Association of Banks in Malaysia (ABM) announced today its member banks have ceased charging fees for cheque and cash payments for credit card and financing repayments over the counter (OTC) and at cash deposit machines.

PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.