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ABM: Banks have not deviated from usual approach to screening loan applications

ABM: Banks have not deviated from usual approach to screening loan applications

KUALA LUMPUR: The 27-member Association of Banks in Malaysia (ABM), has issued a statement saying that in the Jan-May 2017 period, banks disbursed RM24.6 billion in loans for the purchase of residential property, and assured that commercial banks will continue providing financing to eligible house buyers.

July 21, 2017 | By | Reply More
Bank Negara foreign reserves climb to US$99.1 billion

Bank Negara foreign reserves climb to US$99.1 billion

KUALA LUMPUR: Bank Negara Malaysia’s international reserves stood at US$99.1 billion as at July 14.

July 21, 2017 | By | Reply More
Apex not UEL-owned

Apex not UEL-owned

PETALING JAYA: Apex Healthcare Bhd (AHB) has clarified that it is incorrect to describe the group as United Engineers Ltd (UEL)-owned as UEL does not own a direct 40.61% stake in AHB. “UEL is only deemed to have an interest in AHB through its wholly-owned subsidiary, namely UE UMC Pte Ltd, which in turn owns […]

July 21, 2017 | By | Reply More
AirAsia introduces KL to Davao route from Dec 21; fares start from RM99

AirAsia introduces KL to Davao route from Dec 21; fares start from RM99

DAVAO: Low-cost airline, AirAsia Bhd (AirAsia) has introduced its latest route to Davao, Philippines from Kuala Lumpur, with four times weekly direct flights, which will commence on Dec 21.

July 21, 2017 | By | Reply More
Swatch says profits up in first half

Swatch says profits up in first half

Net profit grew by 6.8% to 281 million Swiss francs (254 million euros), slightly short of analysts’ expectations. ZURICH: Swiss watchmaker Swatch said Friday that its profits rose in the first six months, but its performance was dampened by the strength of the Swiss franc. “The overvalued Swiss franc dampened growth in the first half […]

July 21, 2017 | By | Reply More
HLISB appoints Jasani Abdullah as new CEO

HLISB appoints Jasani Abdullah as new CEO

KUALA LUMPUR: Hong Leong Islamic Bank Bhd (HLISB) has appointed Jasani Abdullah as chief executive officer effective July 17, 2017.

July 21, 2017 | By | Reply More
Ringgit opens higher against the US Dollar

Ringgit opens higher against the US Dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar for the fourth consecutive day, driven by continuous interest in emerging market assets amid the lack of catalyst in major economies, dealers said. At 9am, the local unit stood at 4.2840/2870 against the greenback compared with yesterday’s close of 4.2900/2930. A dealer said the European […]

July 21, 2017 | By | Reply More
KL shares open slightly higher

KL shares open slightly higher

KUALA LUMPUR: Bursa Malaysia opened marginally higher this morning but eased momentarily before picking up momentum again. At 9am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.92 of-a-point better at 1,756.55 but retreated slightly before rebounding 0.43 of-a-point to 1,756.06 at 9.05am. The index finished at 1,755.63 on Thursday. Dealers said the market was […]

July 21, 2017 | By | Reply More
Public IB now an Islamic participating organisation on Bursa Malaysia-i

Public IB now an Islamic participating organisation on Bursa Malaysia-i

KUALA LUMPUR: Bursa Malaysia Bhd has added Public Investment Bank Bhd (PIVB) to its Islamic Participating Organisations list, making it the 13th stockbroking house partnering with Bursa Malaysia-i. Bursa Malaysia CEO Datuk Seri Tajuddin Atan said together it will provide a conducive marketplace for the syariah investing community and will continue to spur the growth […]

July 21, 2017 | By | Reply More
Oil nudges up, hovers below US$50 level ahead of OPEC meeting

Oil nudges up, hovers below US$50 level ahead of OPEC meeting

International benchmark Brent crude futures rose 6 cents to US$49.36 per barrel in thin trading by 0116 GMT. SINGAPORE: Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the US$50 per barrel level that was briefly breached for the first time in 6 […]

July 21, 2017 | By | Reply More