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Budget 2015: New PR1MA scheme likely to be introduced under Budget 2015

PETALING JAYA: Those buying homes under the 1Malaysia People Housing Programme (PR1MA) will save money in a scheme to be introduced under Budget 2015.

MoF: Housing loan division to become statutory body

KUALA LUMPUR:The Finance Ministry has denied that the Housing Loan Division (BPP) will be abolished.

Germany plans to clamp down on EU migrant benefit abuse

BERLIN (Reuters) - The German government presented a draft law on Wednesday to clamp down on "welfare tourists" from European Union countries by expelling fraudsters who abuse its generous social system and block their return for up to five years.

Harsh reality hits home

One clear indication a political party is no longer needed is when those in power refuse to help resolve the former’s woes.

Cagamas completes sale of RM630m debt

PETALING JAYA: Cagamas Bhd has completed the sale of RM630mil multi-tenured conventional medium term notes (MTN), where proceeds from the issuance will be used to finance housing loans from the financial system.

Libya PM names new cabinet after protests

TRIPOLI (Reuters) - Libya's prime minister named 10 new ministers on Sunday to run the country for the next six months, days after he was forced to withdraw his previous cabinet in the face of protests.

Your 10 questions with Clifford Herbert

Ex Treasury sec-gen and alternate governor of the World Bank TAN SRI CLIFFORD HERBERT answers Your 10 Questions.

Chavez warns he could nationalize banks

CARACAS, Venezuela: Venezuelan President Hugo Chavez on Thursday warned he would be willing to nationalize any banks that refuse to finance housing construction projects promoted by his government.

LBS issues RM135mil sukuk to finance housing projects

PETALING JAYA: Property developer LBS Bina Group Bhd is issuing RM135mil sukuk to part-finance three projects in Malaysia, group managing director Datuk Lim Hock San said.

Financial sector to play vital role in 2020 economic target

The financial sector has an important role in helping Malaysia develop its economy by 2020 via the channelling of productivity and driving endogenous growth in other economic sectors, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said.