No cap on civil servants’ debt service ratio for mortgages — Bank Negara
KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.
HBA: Allow EPF to offer home loans to members
PETALING JAYA (June 19): The National House Buyers Association (HBA) is urging the government to allow the Employees’ Provident Fund (EPF) to extend financing for home purchases – particularly of affordable units – to eligible members, reported Free Malaysia Today.
China investors still upbeat on Malaysia despite ECRL review
PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.
Easing home loan rules risky, say analysts
PETALING JAYA (June 14): The new government’s apparent intention to ease lending rules for home purchases may introduce additional risks to banks, analysts told The Edge weekly.
UOA REIT to sell Wisma UOA Pantai to CIMB Bank for RM120m
KUALA LUMPUR (June 9): UOA Real Estate Investment Trust (UOA REIT) is disposing of Wisma UOA Pantai at Off Jalan Pantai Baru here to CIMB Bank Bhd for RM120 million cash.
Tajudin Ramli-linked companies go into receivership
KUALA LUMPUR (June 9): Two firms, Tanjung Rhu Land Sdn Bhd and Reka Intisari Sdn Bhd, have gone into receivership, according to a recent report by The Edge weekly.
Warrant of arrest out for Ting Pek Khiing
KUALA LUMPUR (June 8): An arrest warrant has been issued by the Kuala Lumpur High Court on bankrupt businessman Tan Sri Ting Pek Khiing (pictured), who had last week surprised the nation with news that he will be undertaking a RM30 billion project in Langkawi, for failing to appear in court yesterday for his public enquiry hearing.
Chin Hin sells shopoffices for RM21.2m in related party deal
KUALA LUMPUR (June 7): Chin Hin Group Bhd will sell 17 units of three-storey shopoffices to Chin Hin Building Materials Supply (JB) Sdn Bhd (CHBMS) for RM21.
PM: Govt to review bank loan terms for first-time homebuyers
KUALA LUMPUR (June 6): There will be a new mechanism to facilitate the bank loan application process for young Malaysians purchasing their first properties, Prime Minister Tun Dr Mahathir Mohamad said today.
'Not the first time we have done such a transaction' — ex-governor Muhammad Ibrahim
KUALA LUMPUR (June 6): Former governor of Bank Negara Malaysia (BNM) Tan Sri Muhammad Ibrahim, whose resignation Prime Minister Tun Dr Mahathir Mohamad today confirmed he has accepted, said the purchase of Lot 41 land was not the first time the central bank has done such a transaction.
