News about maybank

KUALA LUMPUR (Aug 16): Damansara Realty Bhd slipped into the red in the second quarter ended June 30, 2018 (2QFY18) despite higher revenue, mainly due to higher cost of sales and operating expenses.

KUALA LUMPUR (Aug 14): Gabungan AQRS Bhd’s wholly-owned unit, AQRS The Building Company Sdn Bhd (AQRS TBC), has secured a fresh RM115 million Islamic banking facility from Maybank Islamic Bank Bhd to part finance the construction of its E-Island Residence development.

KUALA LUMPUR (July 27): Tan Sri Megat Zaharuddin Megat Mohd Nor (pictured), former chairman of the country's biggest bank, Malayan Banking Bhd (Maybank), has been named as the chairman of Federal Land Development Authority (Felda), which is believed to be valid for the next two years.

KUALA LUMPUR (July 19): Fajarbaru Builder Group Bhd is on the lookout for more opportunities in the Australian property market following its acquisition in April of 98 shares or 49% of Australian property development company, Beulah Northcote Land Pty Ltd.

PETALING JAYA (June 30): Former Permodalan Nasional Bhd (PNB) group chairman Tan Sri Abdul Wahid Omar will take a “short break” to spend time with his family after 17 years of working in government-linked companies (GLC).

PETALING JAYA (June 29): Tan Sri Abdul Wahid Omar has resigned from his position as Permodalan Nasional Bhd (PNB) group chairman, reported The Star.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.

PETALING JAYA (May 17): Although the imposition of the zero-rated Goods and Service Tax (GST) came earlier than expected, Maybank Investment Bank views the latest announcement by the new Pakatan Harapan (Pakatan) led government as a positive move which could spur the earnings growth of the property development industry.

KUALA LUMPUR (May 15): Maybank Islamic Bhd’s HouzKEY, Malaysia’s first bank-initiated rent-to-own (RTO) scheme, will launch its second phase which will see the scheme being expanded to cover properties on the secondary market.

PETALING JAYA (April 30): Malayan Banking Bhd (Maybank) aims to provide RM10 billion in loans under its MaxiHome Ezy scheme this year, reported Bernama.