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Banking 04 Jul 2020 | 7:00 AM

ABM tells SMEs to seek advice from banks before moratorium ends

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has urged small and medium enterprises (SMEs) and those who are facing difficulties in repaying their loans once the moratorium ends to start discussions with, and to seek advice from their banks now. The moratorium ends on Sept 30.

Banking 12 Oct 2016 | 2:37 PM

Bank branch closure enhances operational efficiency, say associations

KUALA LUMPUR: The closure of bank branches is an ongoing effort to enhance operational efficiency of banks, The Association of Banks in Malaysia (ABM) and The Association of Islamic Banking Institutions Malaysia (ABIM) clarified on Wednesday.

Business 14 Mar 2009 | 12:00 AM

Banks still keen to give loans

BANKS in Malaysia are still keen on extending loans to businesses with a targeted average loans growth of above 8% this year, says The Association of Banks In Malaysia (ABM) chairman Datuk Seri Abdul Hamidy Abdul Aziz.

Business 23 Jul 2013 | 9:29 AM

KLCI higher in early trade, plantations, UMW up

Key blue chips advanced in early trade on Tuesday, supported by gains in plantations, UMW and HLFG while the broader market was firmer with some nibbling on small cap and lower liners.

Business 17 Jan 2006 | 12:00 AM

Bursa buys rest of Bursa Malaysia Depository

Bursa Malaysia Bhd has agreed to buy the balance 25% equity in Bursa Malaysia Depository Sdn Bhd that it does not own from ABM-MCD Holdings Sdn Bhd for RM35.63mil or RM5.70 a share.

Banking 21 Jul 2017 | 10:51 AM

Banks: High debts, insufficient income main factors for housing loan rejections

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.

Business 25 Sep 2008 | 12:00 AM

Two Australian miners agree to US$603M merger

MELBOURNE, Australia (AP) - Miners Grange Resources Ltd. and Australian Bulk Minerals have agreed to a 718 million Australian dollar (US$603 million) merger to capitalize on rising global demand for iron ore, the companies said Thursday.

Corporate News 02 Mar 2016 | 10:43 AM

What first time house buyers must know to get the loan

KUALA LUMPUR: First time house buyers must have the adequate down payment, a good credit record and financial capability to make monthly payments in order to secure the housing loan.

Business 29 Dec 2009 | 12:00 AM

Credit card holders have to pay service tax or use points

PETALING JAYA: Many banks in Malaysia are strategising to help customers pay the government service tax on credit cards effective Jan 1, 2010.

Business 08 Dec 2004 | 12:00 AM

All credit cards will be chip-based next year

MALAYSIA is set to switch its entire credit-card base to a chip-based platform from the beginning of January next year.