News about bank

KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim as he briefed the media on the country's economic growth for the third quarter.

KUALA LUMPUR (Nov 16): The conflict between the federal and state governments in terms of land ownership and administration in Malaysia can be better addressed if an integrated cadastral mapping and land registry system is introduced, says the World Bank.

KUALA LUMPUR (Nov 15): Bina Puri Holdings Bhd is confident of securing RM1 billion of construction and infrastructure jobs in the next six to nine months, as it embarks on initiatives to continuously replenish its orderbook, said its group executive director Datuk Matthew Tee.

Would Malaysian homebuyers be receptive to rent-to-own (RTO) schemes? While many of us may not be familiar with the concept of RTO, there is little reason for us not to welcome the idea as long as the benefits outweigh the cons.

KUALA LUMPUR (Nov 10): Standard Chartered Bank said Bank Negara Malaysia (BNM) is expected to hike the overnight policy rate (OPR) in January 2018, mainly due to the central bank’s “hawkish intent”.

KUALA LUMPUR (Nov 9): Bank Negara Malaysia (BNM)'s Monetary Policy Committee (MPC) is keeping the Overnight Policy Rate (OPR) at 3%, as it expects Malaysia's growth to remain strong in 2018, amid a strengthening global economy.

KUALA LUMPUR (Nov 8): RHB Bank Bhd has launched the RHB MyHome App, the first of its kind in Southeast Asia to provide convenience in mortgage applications and documents submission via mobile devices.

Malaysia Building Society Bhd (Nov 7, RM1.

KUALA LUMPUR (Nov 7): Malaysia Building Society Bhd (MBSB) is eyeing trade financing and money market opportunities now that it has inked a deal to acquire Asian Finance Bank (AFB) for RM644.

KUALA LUMPUR (Nov 2): The proposed loosening of mortgage lending is insufficient to promote home ownership in the country as there is a mismatch between housing price and income levels, said the Malaysian Rating Corp Bhd (MARC).