News about bank

KUALA LUMPUR (Aug 21): CIMB Investment Bank Bhd and Public Investment Bank Bhd said Bank Negara Malaysia is expected to maintain the Overnight Policy Rate (OPR) at 3% until end of 2017, after Malaysia reported second quarter (2Q17)economic growth at 5.

KUALA LUMPUR (Aug 21): Malaysia Building Society Bhd (MBSB) rose 3.

SINGAPORE (Aug 17): The manager of Ascott Residence Trust (ART), Ascott Residence Trust Management, says the real estate investment trust’s purchase of DoubleTree by Hilton New York-Times Square South in New York is now completed, theedgesingapore.

KUALA LUMPUR (Aug 17): Despite the grouses of property developers having difficulties in getting financing for their development projects, Malayan Banking Bhd (Maybank) said it is open to financing property projects provided they are feasible.

KUALA LUMPUR (Aug 16): Eversendai Corp Bhd has proposed to place out new shares to Macquarie Bank Ltd to raise up to RM75.

KUALA LUMPUR (Aug 7): Cagamas Bhd is issuing RM410 million worth of conventional and Islamic bonds to raise funds, which will fund its housing loan purchases from the Malaysian financial system.

KUALA LUMPUR (July 31): The contraction in unbilled sales in the past one year may not pose that much of a concern to property developers’ earnings.

KUALA LUMPUR (July 26): The government is looking into establishing a single authority to monitor Malaysia’s property market, amid issues of supply and demand mismatch within the affordable housing segment.

VANCOUVER-based luxury real estate developer Westbank held the global launch of JOYCE, its 256-unit landmark development in the neighbourhood of Joyce-Collingwood, Vancouver a month ago.

KUALA LUMPUR (JULY 21): The Association of Banks in Malaysia (ABM) today reiterated that its member banks have been providing, and will continue to provide, home loans to eligible borrowers.