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Local bourse rallies on hope of economic recovery
PETALING JAYA: The rally in the local stock market continued, as investors took positions on expectations of a quick recovery in the economy from the coronavirus (Covid-19) pandemic.
What happens when a loan is more than the price of foreclosed house?
Developers have been using an overall headline price in the sale and purchase agreement (SPA) as opposed to the real price.
Abdul Rahman to helm CIMB
PETALING JAYA: CIMB Group Holdings Bhd (CIMB) has appointed Datuk Abdul Rahman Ahmad (pic) its group chief executive officer and executive director effective June 10.
Transparency in sales contract important
In the movie “A Few Good Men, ” Tom Cruise plays military lawyer Lieutenant Daniel Kaffee against Jack Nicholson’s Colonel Nathan Jessup.
CIMB appoints ex-PNB chief Abdul Rahman as group CEO
KUALA LUMPUR: CIMB Group Holdings Bhd's board of directors has appointed Datuk Abdul Rahman Ahmad as the group chief executive officer/executive director for CIMB and CEO/executive director of CIMB Bank Bhd.
Banks aware of ‘discounts’ given by developers
Lenders want to ensure financing reflects true value of property
Profits under pressure
PETALING JAYA: Moody’s Investors Service has said that Malaysia’s three largest banks by assets face growing pressure on profitability from the coronavirus-led downturn, with asset quality likely to deteriorate from 2021 as loan repayment moratoriums expire.
Lumpy provisioning likely to continue into Q2 for CIMB
PETALING JAYA: Following a dismal start in the first quarter of financial year 2020 (1Q20) and provisioning likely to remain elevated, analysts have cut CIMB Group Holdings Bhd’s earnings estimates for this year and next.