Maybank further reduces base lending rate
KUALA LUMPUR (May 17): After a 20 basis points (bps) cut to its Base Rate (BR) and Base Lending Rate (BLR) just a week ago, Malayan Banking Bhd (Maybank) has reduced both rates by a further 5 bps each.
Seacera gets letter of demand to pay RM12.85m loan from AmBank Islamic
KUALA LUMPUR (May 10): Seacera Group Bhd has been a served a letter of demand for payment of RM12.
Maybank KL branch assistant manager verifies transactions involving Najib and SRC International
KUALA LUMPUR (May 9): The public prosecutor yesterday called Malayan Banking Bhd KL Main Branch assistant branch manager Halijah Abdul Wahab to the High Court to verify a series of transactions involving former Prime Minister Datuk Seri Najib Razak and SRC International Sdn Bhd.
Maybank revises base rate and base lending rate downwards after OPR cut
KUALA LUMPUR (May 8): Malayan Banking Bhd (Maybank) will revise its base lending rate (BLR) and base rate (BR) by 20 basis points (bps) effective tomorrow in line with the cut in Bank Negara Malaysia (BNM)’s Overnight Policy Rate (OPR) to 3% on May 7.
OPR reduction a good move to stimulate property market, says consultant
PETALING JAYA (May 7): The reduction of the overnight policy rate (OPR) by Bank Negara Malayisa (BNM) today is a good move to stimulate the economy and the property market, said real estate consultant and CEO of Zerin Properties Previndran Singhe.
BNM cuts OPR to 3%, first revision in over a year
KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.
S P Setia and Maybank extend rent-to-own scheme to newly-launched homes
SETIA ALAM (April 24): S P Setia Bhd and Maybank are partnering for the second year to offer Setia FlexKey, an enhanced HouzKEY financing scheme by Maybank.
Najib-SRC trial: Two BNM teams raided AmBank Raja Chulan in July 2015
KUALA LUMPUR (April 16): There were at least two teams involved in the Bank Negara Malaysia (BNM) raid on the AmBank branch along Jalan Raja Chulan on July 6, 2015 which acquired information on bank accounts related to former prime minister Datuk Seri Najib Razak and SRC International Sdn Bhd.
Higher ECRL portion for local players works out to RM17.6b, says CIMB IB
KUALA LUMPUR (April 16): The higher allocation of works for local contractors for the East Coast Rail Link (ECRL) project is a positive for the construction sector, says CIMB Investment Bank (CIMB IB).
Can prosecution prove Najib knew money in Ambank account came from illegal source, asks Shafee
KUALA LUMPUR (April 15): The prosecution in the Datuk Seri Najib Razak-SRC International Sdn Bhd trial needs to prove that the former premier had "full knowledge" that funds channelled into his account came from illegitimate sources in order to prove him guilty, says his lead defence counsel Tan Sri Muhammad Shafee Abdullah (pictured second from left).
