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.
Tun M: No successor yet for BNM governor's role
PUTRAJAYA (June 6): The government today confirmed it has accepted Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim's resignation and is yet to decide his successor.
RM22b of compensation, penalty charges if ECRL cancelled
PETALING JAYA (June 6): If the government plans to terminate the East Coast Rail Link (ECRL) project, it will have to pay about RM22 billion in compensation and penalty charges, reported The Malaysian Insight.
BNM governor Muhammad Ibrahim expected to resign
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim is expected to resign and former BNM deputy governor Datuk Nor Shamsiah Mohd Yunus is a likely replacement, according to sources.
