News about bank

KUALA LUMPUR (Feb 28): Property developer Matrix Concepts Holdings Bhd's third quarter net profit jumped 40% year-on-year to a record high of RM70.

KUALA LUMPUR (Feb 26): Government intervention on supply of affordable housing has resulted in unwanted consequence — unfair competition that deters active participation of the private developers in this segment, according to Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.

KUALA LUMPUR (Feb 22): The proposed sale of an eight-storey building or 'Building 2' to Ibraco Bhd's major shareholder Hiap Ghee Seng Sdn Bhd (HGS) for RM25.

KUALA LUMPUR (Feb 22): Cagamas Bhd has issued RM305 million in three-month Islamic commercial papers (ICP) to fund the purchase of Islamic home financing from the financial system.

KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp) shares tumbled 33.

KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp), a Practice Note 17 (PN17) company, has been served with a winding-up petition by RHB Bank Bhd, demanding repayment of debt totalling RM118.

PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.

KUALA LUMPUR (Feb 14): The overnight policy rate (OPR) adjustment reflects a normalisation of key interest rates and is not meant to be a tightening of monetary conditions, Bank Negara Malaysia (BNM) said today.

KUALA LUMPUR (Feb 13): While many Malaysians are complaining that property prices have gone beyond affordability, World Bank director of urban development Dr Sameh Naguib Wahba Tadros, however, points out that homeownership is not meant for all.

KUALA LUMPUR (Feb 13): Banks should conduct tighter checks and commission their own independent feasibility studies on developers’ proposed projects before deciding to grant financing, says property consulting firm Rahim & Co International Sdn Bhd.