News about financial

KUALA LUMPUR (April 3): Malaysian house prices, relative to income, remain seriously unaffordable, due to a pronounced and prolonged mismatch between demand and supply, stated Bank Negara Malaysia (BNM) in its Financial Stability Review for Second Half 2019 released today.

KUALA LUMPUR (March 17): Bank Negara Malaysia (BNM) assured households and businesses that they will continue to have nationwide access to essential financial services during the government's two-week movement control order, which starts tomorrow.

KUALA LUMPUR (March 3): Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist clients in dealing with the expected economic growth slowdown due to the COVID-19 outbreak.

KUALA LUMPUR (Feb 22): It is time for Malaysia “to unwind and reverse the 50-year history” of “housing financialisation”, said Kluang MP Liew Chin Tong.

We have heard Malaysians complaining about house prices soaring beyond reach.

KUALA LUMPUR (Dec 31): Bank Negara Malaysia (BNM) has issued its revised policy document on anti-money laundering/counter financing of terrorism (AML/CFT) and targeted financial sanctions (TFS), which will take effect tomorrow (Jan 1, 2020).

KUALA LUMPUR (Dec 23): Bank Pembangunan Malaysia Bhd (BPMB) and Danajamin Nasional Bhd have received Bank Negara Malaysia's (BNM) approval to commence negotiations under the first phase of the government's proposed merger involving the country's development financial institutions (DFIs).

PUTRAJAYA (Dec 13): PKR vice-president Rafizi Ramli and former bank clerk Johari Mohamad remain free men, as the prosecution today withdrew its appeal against the acquittal of their Banking and Financial Institution Act (BAFIA) charges.

KUALA LUMPUR (Nov 27): Sunsuria Bhd reported a net profit of RM11.

KUALA LUMPUR (Nov 26): OSK Holdings Bhd’s net profit jumped 69.