News about CIMB

KUALA LUMPUR (Feb 21): Buyers of the 1Malaysia People’s Housing Programme (PR1MA) homes who plan to take up its housing loan scheme by drawing down their Employees Provident Fund (EPF) Account 2 can’t expect to “have their cake and eat it too”, said the pension fund’s chief executive officer Datuk Shahril Ridza Ridzuan (pictured).

KUALA LUMPUR (Feb 20): Eco World International Bhd (EWI), which is seeking a listing on Bursa Malaysia's Main Market, has signed three key agreements with GuocoLand Ltd (GuocoLand), the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and six banks for its initial public offering (IPO) exercise.

SINGAPORE (Feb 16): UOB Kay Hian and OCBC Investment Research are maintaining their “buy” calls on CapitaLand with a target price and fair value of S$4.

Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.

SINGAPORE (Dec 16): CIMB expects the affordability of Singapore homes next year to be eroded on the back of higher mortgage rate as interest rates inch up further.

KUALA LUMPUR (Dec 14): CIMB Investment Bank Bhd said the Kuala Lumpur-Singapore High Speed Rail (HSR) bilateral agreement was a "milestone" for the project, which would see bids from Malaysian builders.

KUALA LUMPUR (Nov 17): CIMB Group Holdings Bhd is bracing for a "slight slowdown" in home and car loans in 2017, as the banking sector contends with weak consumer sentiment, CIMB group consumer banking CEO Samir Gupta said.

KUALA LUMPUR (Oct 24): The “step-up” end-financing scheme for the 1Malaysia People’s Housing (PR1MA) programme announced by the government in Budget 2017 is expected to have only minimal impact on the four banks involved, said analysts.

KUALA LUMPUR (Oct 21): The “step up” end-financing scheme for the 1Malaysia People’s Housing (PR1MA) programme, as announced under Budget 2017, signals that the government is taking a long-term view on helping the rakyat with their lifelong financial planning, said CIMB Group Holdings Bhd.

KUALA LUMPUR (Oct 21): Prime Minister Datuk Seri Najib Razak has proposed a new special “step-up” end financing scheme for the Perumahan Rakyat 1Malaysia (PR1MA) programme when announcing Budget 2017 today.