PETALING JAYA – Lending guidelines, stamp duty exemption for first-time homebuyers and properties below RM500,000, reduction of compliance cost and comprehensive homeownership campaign are among the wishlist of Mah Sing. “We appreciate the Government’s continuous efforts to promote homeownership, especially for first-time homebuyers. We are looking forward to the introduction…
KUALA LUMPUR – China’s Pacific Construction Group Ltd (CPCG) gave Malaysia a vote of confidence with a planned RM10bil investment over 10 years in areas including infrastructure development and hi-tech machinery. Yan Jiehe, founder of CPCG – which is No. 96th in 2018 Fortune Global 500 – said on Thursday…
PETALING JAYA – Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin. “We have engaged with Bank Negara and a few banks during a few sessions…
KUALA LUMPUR – Malaysia’s economy is projected to expand at 4.7% in 2019 and 4.6% in 2020 despite challenges, while the country is expected to achieve high-income nation status at some point between 2020 and 2024, says the World Bank. For 2018, Malaysia’s economic growth is expected to moderate in the…
At Cabinet meetings chaired by Prime Minister Dr Mahathir Mohamad, the younger ministers often experience feelings of shock and awe. Known for his sharp mind and wit, the PM also displays a remarkable grasp of issues, big and small. From global issues, to the little everyday details of our cities…
KUALA LUMPUR – CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and residential properties certified under the Green Building Index (GBI). CIMB CEO of group consumer banking Samir Gupta said the move marks another step towards CIMB embracing environmental, social…
PETALING JAYA – An estimated 6.58 million sq ft of net lettable space from more than 10 malls is expected to enter the Klang Valley retail market in the second half this year, raising concerns of added pressure on occupancy levels for both existing and incoming stock. According to Knight Frank…
NEW DELHI — From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP. China, world’s second-largest economy stands tall with US$ 25.3 trillion and is up by 9% from 2017 followed by India at 10.38 trillion which is up by 9.8%…
KUALA LUMPUR – AsiaMalls Sdn Bhd may be concluding the sale of Setapak Central Mall (pictured) with global Singapore-based integrated real estate fund manager ARA Asset Management Ltd, said a report by The Star. According to reports, the three-storey retail mall has an NLA of 494,000 sq ft and also…
PETALING JAYA – Dr Mahathir Mohamad said that other parties have offered to build the East Coast Rail Link (ECRL) for as low as RM10 billion, a stark contrast to the current RM55 billion price tag. Malaysia and China have been negotiating the current amount, reported The Malaysian Insight (TMI),…
