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THE high debt levels of Malaysia’s civil servants are nothing surprising.
PETALING JAYA: Non-bank lenders such as Malaysia Building Society Bhd are likely to benefit from the civil servants’ salary increases of between 7% to 13% under an improved Malaysian Remuneration System.
Malaysia's four largest commercial banks have agreed to cooperate with the government to offer housing loan scheme to civil servants.
Civil servants can now pay their housing loans via e-Bayaran, says Treasury secretary-general Tan Sri Dr Wan Abdul Aziz Wan Abdullah.
PACIFIC Insurance Bhd is confident of a good take-up rate among the country#039;s civil servants for its medical coverage plan that allows premiums to be paid through monthly salary deductions, chief executive officer Ng Hon Soon said.
Opposition leader Datuk Seri Anwar Ibrahim told Perak civil servants to prepare themselves for an economic downturn.
KUALA LUMPUR: Protasco Bhd has secured a RM578.5mil contract from Putrajaya Corporation to build 1,680 apartments in Putrajaya.
KUALA LUMPUR: Iris Corp Bhd has followed two other listed developers in announcing that it has won a slice of the 1Malaysia Civil Servants Housing (PPA1M) project in Putrajaya, which also comes with a mixed development project.
KUALA LUMPUR: Damansara Realty Bhd (DRealty) has clinched a contract from Putrajaya Corp to develop the 1Malaysia Civil Servants Housing (PPA1M) development and a shop office block at Precinct 5, Putrajaya, with a gross development value of RM467.3mil.
Bank Simpanan Nasional (BSN) has given out a total of RM317mil in personal loans to 22,000 civil servants in the country from Aug 19, 2002, to May 30, 2004.