MortgageKLIBOR Home Financing From Standard Chartered Bank Standard Chartered Bank revolutionises consumer lending with a new concept of Home Loan or Financing called MortgageKLIBOR.
MortgageKLIBOR is the FIRST conventional home loan that is pegged to KLIBOR which is consistently lower than Base Lending Rate (BLR) from past history. With lower financing rate consumer would potentially enjoy greater savings.
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Since April this year, Permodalan Nasional Bhd (PNB) has raised more than RM15 billion to add to its funds under management which are estimated to be RM80 billion to RM120 billion.
The recent launch of the RM10 billion Amanah Saham 1Malaysia was by far the biggest by the government- backed PNB. In April this year, PNB reopened Amanah Saham Wawasan 2020 and Amanah Saham Malaysia to investors, which saw the sale of 5.3 million units at RM1 each.
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Amanah Saham 1Malaysia is the biggest trust fund in the country, and will go on sale from Aug 5. With a fund size of 10 billion, Amanah Saham 1Malaysia will be able to boost the equity market and act as a catalyst to the country’s economy. Amanah Saham 1Malaysia was launch in conjunction with 100 days of Sixth Malaysian Prime Minister, Najib Tun Razak in the Prime Minister office.
The Fund seeks to provide regular and consistent income stream whilst preserving the unitholders’ investment capital over a long term horizon through a diversified portfolio of investment.
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Public Bank launched its latest card product, the PB Day2Day Visa Card. The new PB Day2Day Card functions as a Visa Debit card and ATM Card. It is directly linked to the Public Bank Savings Account maintained by the cardholder. Customers can use the card for retail purchases, such as shopping, dining or entertainment at any establishment that accept Visa/Bankcard or MEPS locally or globally, or over the internet. There was a report that saying this card can be used to verify paypal account & also withdraw paypal fund.
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The Financial Mediation Bureau (FMB) is an independent body set up by Bank Negara Malaysia to help to settle disputes between individual and their financial services providers who are its members.
Currently FMB members are Commercial Banks, Investment Banks, Islamic Banks, Insurance Companies, Takaful Operators, Development Financial Institutions, Payment System Operators and Payment Instrument Issuers.
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