Household debt still 'elevated' at 82% of GDP, driven by residential property loans
KUALA LUMPUR (Sept 18) : The country’s household debt level remains high at an “elevated” 82.
'Above affordably priced unsold property units pile up'
KUALA LUMPUR (Sept 19): Total unsold units continue to rise for residential properties priced above the maximum affordable house prices in individual states, according to Bank Negara Malaysia’s (BNM) Financial Stability Review for the first half of 2019 (1H19).
Ku Nan wants judge to recuse himself from RM1m graft case
KUALA LUMPUR (Sept 19): Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor (pictured) has filed an application requesting High Court judge Mohd Nazlan Mohd Ghazali to recuse himself from hearing the former's RM1 million graft case scheduled today.
Atrium REIT to raise RM999m via MTN programme for Penang properties
KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.
Haze: Selangor schools to close for rest of the week
PETALING JAYA (Sept 18): With the transboundary haze still blanketing most parts of the country, the Selangor authorities have ordered all schools, public and private, closed tomorrow and Friday (Sept 19 and 20).
1MDB-Tanore trial: Terengganu wanted to sell out TIA but MoF reluctant to buy, defence claims
KUALA LUMPUR (Sept 18): The Terengganu state government wanted to be out of Terengganu Investment Authority (TIA) immediately after a boardroom tussle in the state fund, lawyer Tan Sri Muhammad Shafee Abdullah (pictured) claimed in the High Court today.
‘Shahrol suggested that MoF takes over TIA’
KUALA LUMPUR (Sept 18): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi was the one who suggested to Datuk Seri Najib Abdul Razak to take over the Terengganu Investment Authority (TIA) from Terengganu Menteri Besar Inc (MB Inc) to form 1MDB, the High Court heard yesterday.
Macquarie cuts Kerjaya Prospek Group's EPS forecast
KUALA LUMPUR (Sept 17): Macquarie Capital Securities (M) Sdn Bhd said today that it had cut its Kerjaya Prospek Group Bhd earnings per share (EPS) forecast by 18% for financial year ending Dec 31, 2019 (FY19) and 8% each for FY20 and FY21, in anticipation that the builder's property developer clients will extend project timelines to manage cash flow, amid the property market slowdown.
1MDB-Tanore trial witness insisted 1MDB was Najib's 'baby' — before defence changed his mind
KUALA LUMPUR (Sept 17): Datuk Amhari Effendi Nazaruddin, one of the key prosecution witnesses in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial involving former premier Datuk Seri Najib Razak, initially disagreed that the Terengganu Investment Authority (TIA) was mooted by Terengganu's ruler Sultan Mizan Zainal Abidin's when he was the 13th Yang di-Pertuan Agong.
Tenaga subject to pricing, take-up risk under Malaysia electricity masterplan: Hong Leong
KUALA LUMPUR (Sept 17): Hong Leong Investment Bank Bhd said today Tenaga Nasional Bhd may face long-term earnings risk related to electricity pricing and take-up rate based on the auction mechanism under Malaysia's proposed 10-year masterplan to reform the power industry.
