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Monday, July 22, 2019

Tag: Loans

Now APAD, will BPAD or CPAD be next?

The new government must consider the consequences of the choices it makes, and avoid extreme populist tendencies for the good of the country.

Guan Eng shocked Treasury can’t access certain accounts

The new finance minister says certain 'red' files were only accessible to certain parties and this had impeded officials and auditors from carrying out their professional responsibilities with integrity.

1MDB needs RM42.26 billion to settle loans

This is based on assumptions that the rationalisation plan was implemented and no new loans taken after October 2015.

PTPTN chief: Debt burden will worsen if student loans written off

Shamsul Anuar Nasarah says the government might be forced to reduce expenditure in other areas like development and health.

US signals support for increase in World Bank funding

US Treasury Secretary Steven Mnuchin on Saturday signaled Washington would support the World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China.

Focus on the right issues when borrowing from abroad

Instead of concentrating on where the money comes from, we should focus on the project viability and our repayment ability.

Keep your husbands happy, Rosmah advises women

The prime minister's wife says she keeps Najib Razak happy so that he is able to discharge his duties to the people.

Business loan approval rate being maintained at 70-73%

This is despite rumours that rate will fall further as banks become stricter with their lending guidelines, says Bank Negara Malaysia governor Muhammad Ibrahim.

AirAsia boss reveals master plan, including going cashless

Tony Fernandes says the company plans to have an initial coin offering and remove cash usage from the AirAsia system.

PKR, Amanah politicians low on cash, high in assets

Invoke Malaysia’s latest asset declaration exercise sees more prospective candidates coming forward to display their wealth ahead of GE14.

Go for cheaper ‘second-hand’ houses instead, house buyers told

Experts says as prices of new housing units are high, it will be better for young professionals and others who cannot afford these to look at secondary units instead.

Warranties and other offers killing second-hand car dealers

Customers opting for new cars as average price has dropped by 13% since 2014.

Kenyan women club together to leave slum life behind

Poorly constructed homes expose communities to extreme temperatures, a lack of ventilation and toxic waste - all detrimental to their health.

China rebuffs US criticism of relations with oil-rich Venezuela

Chinese Foreign Ministry spokesman Geng Shuang asserted that his country's relationship with Venezuela was mutually beneficial.

70% of car loan applications approved last year

Association of Banks in Malaysia says loans will be provided based on assessment of a person's affordability.

Loan approval subject to strict assessments, says bank association

These include checks with the Central Credit Reference Information System and various credit report agencies, says ABM.

Easy access to loans contributes to bankruptcy, says consumers group

Consumers Association of Penang (CAP) says many financial institutions do not cross-check applicants' backgrounds before approving loans.

China funding ‘Pacific white elephants’, says Australian minister

Canberra says Beijing provided over a billion in aid, including concessional loans for 'useless buildings which nobody maintains'.

‘Banks continue to provide financing to viable businesses’

This includes to the oil and gas sector, says Association of Banks in Malaysia.

Nod for RM57b in loans for first-time house purchasers

These loans were given out to 142,558 applicants from January till September this year.

BNM: Property market imbalances pose risks to economy

It says Malaysia has a record high unsold residential properties of 130,690 units until the first quarter this year, mainly for houses priced above RM250,000.

NZ-like ban on foreigners owning properties bad idea, warn experts

In fact, an economist proposes bringing down minimum price for foreigners, saying it pushes developers to build high-end homes.

Man who gave ATM cards to ‘friend’ gets fines instead of...

Tham Han Horng now risks jail as he may face a possible 13 more charges for fraud.

BNM debunks ‘myth’ that banks are hindering home ownership

Bank Negara resists calls to loosen mortgage lending,says property industry needs to cut costs in order to spur home loans.