News about bank

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.

KUALA LUMPUR (Nov 20): The Association of Banks in Malaysia (ABM) has reiterated that its member banks “have been and will continue to” provide home loans to all eligible borrowers, said the association in a statement issued today to rebut claims that commercial banks are imposing strict rules on home loan applicants.

KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.

KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.

PETALING JAYA (Nov 18): The Cabinet has directed Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for four types of developments following a study by Bank Negara Malaysia (BNM) that raised the alarm on a glut in these buildings.

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”.