News about bank

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).

KUALA LUMPUR (Aug 11): The Association of Banks in Malaysia (ABM) has urged first-time home buyers to consider applying for government schemes such as My First Home Scheme (SRP) for assistance in buying property, Bernama reported yesterday.

KUALA LUMPUR (Aug 8): Malaysia Building Society Bhd (MBSB) posted a 26.

KUALA LUMPUR (Aug 4): The government, specifically the Deputy Minister of Finance 1 Datuk Othman Aziz, said yesterday that houses priced up to RM165,060 are considered affordable to a median Malaysian household.

Banking sector Maintain overweight: June 2016 loan growth (+5.

KUALA LUMPUR (July 28): Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd will join other banks and lower its base rate (BR) and base lending rate (BLR) from tomorrow (July 29), following the reduction in Bank Negara Malaysia's overnight policy rate (OPR) by 25 basis points.

KUALA LUMPUR (July 27): Kenanga Investment Bank Bhd head of equity research Sarah Lim (pictured) believes the current Malaysian property market down cycle could last longer than usual due to liquidity-driven factors.