News by Tan Xue Ying

MIDF head of research Mohd Redza opined that any rate cut will most likely be in 2020. 

The group said now is a good time to lock in potential good landbank that meets its business model and criteria, given the group's healthy balance sheet and the less intense competition between developers.

She believes that nobody wins in a trade war, including countries like Malaysia that is part of the supply chain of many products covered by the US' tariff increase on Chinese goods.

The group is also planning to relocate some of its theme park rides and attractions at i-City, Selangor, in order to free up land for property development. 

UEM Sunrise said the existing residential resort development will be revised from 680 acres to 228 acres, a size the company said will be much more “manageable”.

Finance Ministry said the price reduction follows the price action of processed petroleum products (refined products) in the world market, which has shown a downward trend following the decrease in average Brent crude oil prices week-on-week.

"To decide what is individually considered as affordable means making a choice involving a trade-off between three elements: price, floor area and location."

Lim commented that the report is "baseless speculation" that is "grossly unfair".

Rutherford was never on BNZ’s payroll and that her withdrawal happened just as she joined the company.

“It won’t be easy for us to rely on just acquisitions, which means we have to do a bit of greenfield [projects] in the near future.