With reference to the article in a local publication titled “High car bookings, but 60% loan rejection rate”, The Association of Banks in Malaysia (ABM) refuted the said allegations.

Based on feedback from amongst the eight commercial banks that offer hire purchase financing, it has been observed that approval rates for loans to purchase cars in 2016 stood at approximately 68% of the total number of applications received. 

Standard Chartered Bank Malaysia (the Bank) was conferred six accolades at the inaugural BENCHMARK Wealth Management Awards: Affluent Banking Malaysia 2017.

The Bank swept the “Campaign of the Year”, two “Best-in-class” and three “Outstanding Achiever” awards from the Affluent Banking Product, Good Governance, and Marketing and Branding categories.

pitchIN has further validated the attractiveness of equity crowdfunding (ECF) to Malaysian investors by becoming the first ECF platform to reach double digits numbers for successful deals in a year. 

Having launched its first ECF deal in May 2016, pitchIN has powered its way into becoming Malaysia’s leading ECF platform with a slew of eye catching successfully funded deals.

Malaysia recorded a total of RM65.4 billion of approved investments in the services, manufacturing and primary sectors for the first six months of 2017 (1H2017), a decline of 28.2% compared with RM91.2 billion for the same period last year. These investments involved 2,294 projects and will create 61,930 employment opportunities. 

The decline was mainly due to the 41% drop in the number of approved investment recorded for the services sector. This was in line with the slowing down in the property market. Approved investment for manufacturing sector has also declined, partly due to the large amount of investments that went into Pengerang and RAPID project in Johor in 2014-2016. In addition, Malaysia is unable to compete with a number of countries in the region which offer lower labour cost.