News about bank

OVER the past year or so, a few quarters – especially property developers and real estate agents – said many of their customers were finding it difficult to get financing to buy properties.

KUALA LUMPUR (April 27): Bank Negara Malaysia (BNM) deputy governor Datuk Muhammad Ibrahim (pictured) is taking over as governor of the central bank, replacing Tan Sri Dr Zeti Akhtar Aziz who is retiring on April 30.

RAWANG (April 25): S P Setia Bhd plans to launch the first phase of Setia Eco Templer in the first week of May, said president and CEO Datuk Khor Chap Jen.

THE Malaysian property market has been on a downward slide for the past two years or so.

PETALING JAYA (April 21): There was a drop in occupancy rate for retail spaces in Kuala Lumpur by 2.

PUTRAJAYA (April 19): The overall property market slowed down marginally in 2015 from a year ago – with volume down by 5.

PETALING JAYA (April 13): The Malaysian Trades Union Congress (MTUC) has called on private sector employers to provide a subsidy for the housing loan interest to assist workers in owning their own homes.

KUALA LUMPUR (April 12): Tropicana Corp Bhd said all the conditions precedent for the proposed disposal of Dijaya Plaza in Jalan Tun Razak here have been satisfied and that the sale and purchase agreement dated Jan 28 has become unconditional.

KUALA LUMPUR (April 8): Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Abdul Farid Alias (pictured), who is also chairman of the Association of Banks Malaysia (ABM), refuted claims that the rejection rate of housing loans has soared above 50% among the banks.

AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.