News about bank

The policy rate has remained unchanged for 10 months and was last raised in May 2023 by 25 basis points, closing a cycle of what has been called “normalisation” by the central bank.

The tawarruq asset financing facilities would back the construction of a so-called tier-three data centre by Pi Data Centre Sdn Bhd (PiDC), Bank Pembangunan said in a statement.

Through this programme, AFFIN aims to engage with the real estate negotiators and agencies and give back for their support.

Over the past one year, Ireka has been hit with at least two other lawsuits over defaults in payment.

In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP's prospects in the upcoming quarters, bolstered by the office division's robust 100% occupancy rate as of end-December 2023, increase in hotel operation’s occupancy ratio from 52% to 55%, and improved performance in the management services due to the rise in transient and season car park customers.

The Alliance Home Complete programme offers an additional loan of up to 10% of the property value or a maximum of RM150,000 to buyers of participating UEM Sunrise projects.

This is the fourth time that the MPC has decided to maintain the OPR at 3% since July 2023.

Furthermore, Maybank IB expects the 10-year Malaysian government securities (MGS) yield to lower to 3.

Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.

In a filing to Bursa Malaysia, Ireka said it has received the winding-up petition on Jan 8 served by AmBank via its solicitors, Messrs Heiley Hassan, Tan & Partners.