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Top exec: Allowing firms to provide financing will boost property market

PETALING JAYA: A major property developer has expressed support for the move to allow housing developers to apply for moneylender licences to provide loans to property buyers.

MBSB’s earnings weaker on higher provisions

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has reported a lower net income of RM34.84mil for its first quarter ended March 31, 2016 compared with RM124.31mil a year ago on the back of higher allowances for impairments.

Breakfast briefing: Friday, May 6

Breakfast briefing: Friday, May 6

MBSB to continue closing the gap

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) will continue to bite the bullet with its estimated RM1.6bil impairment programme to “close the gap” towards becoming a full-fledged banking institution.

MBSB not seeking banking licence

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is not looking to apply for a banking licence at this stage, said its president and chief executive officer, Datuk Ahmad Zaini Othman.

Breakfast briefing: Wednesday, March 30

Breakfast briefing: Wednesday, March 30

MBSB to transform into Islamic after failed mergers

KUALA LUMPUR: After two failed merger attempts with Islamic banks, Malaysia Building Society Bhd is opting to transform into a syariah lender by itself.

MBSB incurs Q4 net loss of RM15.8mil

PETALING JAYA: Malaysia Building Society Bhd (MBSB) suffered a net loss of RM15.81mil in the fourth quarter ended Dec 31, 2015, compared with a net profit of RM393.07mil in the previous corresponding period, mainly due to allowances for higher impairment losses.

MBSB’s future back in focus after latest setback

THE future of Malaysia Building Society Bhd (MBSB) has again come into focus following two aborted merger attempts in a short span of time.

MBSB-Bank Muamalat merger talks aborted

PETALING JAYA: Non-bank financial provider Malaysia Building Society Bhd (MBSB) has failed to strike a merger with Bank Muamalat Malaysia Bhd, its second botched merger attempt in recent times