News about bank

KUALA LUMPUR (Sept 15): Eco World Development Group Bhd president and chief executive officer Datuk Chang Khim Wah (pictured) hopes the upcoming government budget will introduce measures to help homebuyers, especially first-timers, in obtaining end-financing.

URBAN Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar seems to have created a shock wave by announcing the idea of having property developers apply for moneylending licences so that they can lend to homebuyers who fail to get mortgages from banks.

Property sector Maintain neutral call: According to media reports quoting Urban Wellbeing, Housing, and Local Government Minister Tan Sri Noh Omar, eligible housing developers can now obtain licences to provide homebuyers with up to 100% of house financing.

KUALA LUMPUR (Sept 7): As expected, Bank Negara Malaysia (BNM) today kept its key policy rates unchanged at 3%.

KUALA LUMPUR (Sept 7): Although the central bank’s governor indicated in July that the Bank Negara Malaysia (BNM) has no plans to cut the key rate further in the next few monetary policy meetings this year, economists argue there is still room for another round of easing.

CRANES, scaffolding and tractors are a common sight around the Klang Valley.

KUALA LUMPUR (Aug 29): For now, Datuk Charon Wardini Mokhzani (pictured) is just glad that Khazanah Research Institute’s (KRI) study of Malaysian homes has corroborated many people’s convictions that home prices have escalated beyond affordability, to the point that the government has even come out to raise its concerns.

KUALA LUMPUR (Aug 25): Eastern & Oriental Bhd, which plans to monetise its land bank to improve cash flow, will be launching close to RM1 billion worth of projects in the current financial year ending March 31, 2017 (FY17).

SHAH ALAM (Aug 18): Pos Malaysia Bhd, whose share price has risen 16% this month, is looking to monetise its land bank assets, said its group chief executive officer Datuk Mohd Shukrie Mohd Salleh.

WITH Bank Negara Malaysia (BNM) having cut the overnight policy rate (OPR) by 25 basis points to 3% from July 13, 2016, some major banks have reduced their base rates (BR) and base lending rates (BLR).