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PMB Technology to purchase Penang land for RM16 mil

According to PMB’s filing with the bourse, RM13.5 million out of the total consideration will be for the purchase of the 41,799ha land, while the balance RM2.5 million will be used to purchase plant and machinery for the manufacturing and fabrication of aluminium-related products.

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‘EPF funds should only be used for retirement’

Prominent financial adviser Yap Ming Hui said he opposes the proposal to allow first-time homebuyers to withdraw more funds from their Employees Provident Fund savings to finance their purchases as this would encourage bad personal finance management habits.

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