EPF Account 2 Support Facility not collateral to bank, says Ahmad Maslan
He said a bank cannot use a borrower’s EPF savings if the (EPF) member or borrower fails to pay his loan instalments.
He said a bank cannot use a borrower’s EPF savings if the (EPF) member or borrower fails to pay his loan instalments.
Let’s face it, property prices are not about to drop just because the market clamours for it. While we do hear of the isolated fire sales on the secondary market, truth be told, I have yet to know of anyone who has managed to seal a hot deal.
As part of the Budget 2023 initiatives, Prime Minister Datuk Seri Anwar Ibrahim launched the Kita-Untuk-Kita (K2K) programme on Saturday (April 8), which will be spearheaded by Think City, community leaders, community-based organisations, non-governmental organisations, and other partners.
The gazetting of the Kuala Lumpur Structure Plan 2040 (PSKL 2040) has been delayed until May 31 to allow further engagement sessions by the Kuala Lumpur City Hall (DBKL) with stakeholders, said Prime Minister Datuk Seri Anwar Ibrahim.
Prime Minister Datuk Seri Anwar Ibrahim on Saturday (April 8) announced an additional allocation of RM35 million for a programme to empower communities in public housing projects (PPR) in Selangor and Kuala Lumpur.
General manager James Ngio noted that the development order is an important milestone for YNH as it marks the developer's entry into Negeri Sembilan.
NCT Group of Companies has achieved a booking rate of 40% for Phase One of the NCT Smart Industrial Park (NSIP) since its launch last year, according to NCT Group founder and group managing director Datuk Seri Yap Ngan Choy at the development's groundbreaking ceremony on Friday (April 7).
The unit price index of steel rose 0.9% in March 2023 from 1.5% in February in tandem with the increasing trend of iron ore and steel prices at the global level, said the Department of Statistics Malaysia (DOSM).
MBSB Bank Bhd appears to be the first to announce an Employees Provident Fund (EPF)-backed loan, or the Account 2 Support Facility (FSA2), for members aged between 40 and 55.
Domestic electricity users with high volume usage may be the next target for higher tariffs, following upward adjustments for large corporations in January, according to CGS-CIMB Research.