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HONG KONG: Two electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek external funding totalling almost US$730mil to fuel their growth, people with direct knowledge of the plans said.
KUALA LUMPUR: Bank Islam Malaysia Bhd has launched the Prihatin Programme to provide assistance to all its flood-affected customers.
KUALA LUMPUR: Maybank has announced a six-month moratorium on monthly instalment payments for loans and waiver of certain charges based on a case-to-case basis for customers in Penang affected by the floods.
NEW YORK: Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday
KUALA LUMPUR: High debt service ratio (DSR), adverse credit history, insufficient income, repayment capacity and weak documentation or banking records are the main factors why applications are unable to obtain housing loans.
TOKYO: A senior executive at the Cool Japan Fund, a government-backed investor in businesses that promote Japanese culture, has been accused of seeking dates and trips with women working there.
OMAHA, Nebraska: Warren Buffett, the chairman of Berkshire Hathaway Inc, on Saturday criticized Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has advised the public to ignore calls purportedly being made from banks about outstanding loan amounts or seeking confirmation on credit card transactions.