“Banking institutions will grant an automatic moratorium on all loan/financing repayments/payments, principal and interest (except for credit card balances) by individuals and SME borrowers/customers for a period of six months from April 1, 2020.”
Maybank said the temporary closing of branches is in line with the government’s MCO and to further safeguard its employees and customers from the risk of the COVID-19 outbreak.
In a statement signed by Amanah’s party president Mohamad Sabu, the party said it is standing with Pakatan Harapan and Dr Mahathir for a better Malaysia.
It is learned that the banking group sent out an email last Friday to inform selected employees about the new initiative.
Eco World International Bhd’s (EWI) initial public offering is expected to take place as early as December. It is still on track, although behind the original schedule, say sources.
There is a big elephant in the room and it is Malaysia’s household debt — among the highest in Asia. And this could get worse if property developers start offering housing loans to homebuyers who have difficulty obtaining a mortgage from banks.
Reclusive tycoon Tan Sri Quek Leng Chan is looking at acquiring a substantial stake in Eco World International Bhd (EWI), which is en route for an initial public offering (IPO) to list on Bursa Malaysia, several sources say.
A noticeable uptick occurred in the first quarter ended March 31, 2016, when the market cap of local REITs rose 7.4% to RM26.57 billion.
“I have no time for gossip. My work, and focus, is to complete and deliver the project,” Datuk Danny Cheah replies when asked about market talk of delays and other issues at the company’s Empire City @ Damansara KL development.
Companies such as IOI Properties Bhd and Mah Sing Group Bhd are getting more innovative and holding out big carrots to prospective buyers.
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