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SMEs set to gain from e-payment
KUALA LUMPUR: Small and medium enterprises (SMEs) stand to gain from a shift to e-transactions in their everyday business, given the convenience and minimal human error.
Options for first time house buyers
PETALING JAYA: In the wake of increasing pressure on banks to relax lending rules, the Association of Banks in Malaysia (ABM) is asking first time home buyers to consider applying for Government schemes such as “Skim Rumah Pertamaku” (SRP) for assistance in their property purchase.
Revamp of Association of Banks in Malaysia under way
A REVAMP of the 36-year-old Association of Banks in Malaysia (ABM) is under way that will place it more in line with the current focus on consumer affairs and market conduct.
Banks say supportive of small and medium enterprises
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) member banks are remaining supportive in providing access to financing to small and medium enterprises (SMEs) that have been adversely affected by the outbreak of Covid-19.
Banks ready to help customers in CMCO, EMCO areas
KUALA LUMPUR: Banking institutions are ready to assist borrowers/customers in areas which are under conditional Movement Control Order (CMCO) or enhanced MCO (EMCO).
Afujiya teams up with Chinese firm
KUCHING: ABM Fujiya Bhd (Afujiya) is teaming up with China’s JuJiang Power Technology Co Ltd (JuJiang) in a multi-million ringgit joint venture plant project to manufacture enhanced flooded batteries in Demak Laut Industrial Park here.
Reach out to banks between Aug 7 and Sept 7
PETALING JAYA: The banking industry is urging borrowers and customers who are facing financial difficulties in servicing their commitments to reach out to their respective banks as soon as possible between Aug 7 and Sept 7.
Association denies that banks reject 60% of car loan applications
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) refutes a news report’s claim of a 60% car loan rejection rate, saying the approval rate in the first nine months of the year remained the same as last year’s, at 68%.
Association of Banks: No credit crunch in Malaysia
The Association of Banks in Malaysia (ABM) says there is no credit crunch in the country and that the banking sector remains strong and well capitalised despite the turmoil in the global financial markets.
Banks support Bank Negara moratorium plan
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has come up in full support for Bank Negara Malaysia’s proposed moratorium on payment of interest and principal for credit facilities for six months with effect from April 1.
