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PETALING JAYA (27 March): Bank Negara Malaysia (BNM) has given banking institutions until the end of 2019 to revise “unfair” terms and conditions and improve clarity by using plain language for new housing loan and finance contracts and existing. In addition, the central bank in its Financial Stability and Payment Systems Report 2018revealed that the …

4. HAVE A STABLE INCOME FLOW How about having a diversified income stream? One of the main concerns of retirees is to outlive their savings. A 2015 Nielsen survey found nearly seven in ten believe their savings won’t last into retirement. Ensuring a steady stream of income is crucial. Diversifying your portfolio to invest in …

(Left to right) Vong Sokhal, Senior Vice President of Chip Mong Commercial Bank, Yew Wan Kup, President of Chip Mong Commercial Bank Plc, Leang Henry, President of Chip Mong Land, and Teng Koytry, Sales Director of Chip Mong Land, when signing the partnership agreement. EARTH CHIP MONG Chip Mong Commercial Bank Plc began offering its …

PETALING JAYA: The housing glut shows no signs of abating and the government is considering raising the maximum duration of housing loans to 40 years to reduce the excess. Industry sources said extending loan terms may not be in the best interest of buyers, but will help property developers reduce their home inventory which is …

Bendigo Bank recently launched Bendigo Express, an instant mortgage loan service, in partnership with the fintech group Tic: Toc. Using Tic: Toc technology, Bendigo Express automates mortgage appraisal, enabling fast online approval. Automation offers the bank the opportunity to reduce processing costs and offer cheaper mortgage products to potential customers. To use the service, borrowers …