Offices and malls remain in oversupply, pressure on vacancy and rental rates
KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.
MIPEAC calls for urgent property market stimulus
KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.
Should you opt out of the loan deferment?
Bank Negara Malaysia (BNM), on March 24, 2020, announced an automatic six-month moratorium on all bank loans starting from April 1, to assist borrowers who are facing temporary financial difficulties due to the COVID-19 outbreak.
BNM Annual Report 2019: Household debt continues to expand, but credit risks largely contained
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said today household debt, as measured by the household debt-to-gross domestic product (GDP) ratio, expanded at a faster pace in the second half of 2019, primarily driven by loans for the purchase of residential properties.
Special panel to address economic fallout of MCO
KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.
Continuation of large-scale infra projects to provide additional lift to economic growth: BNM
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said the continuation of large-scale infrastructure projects will provide additional lift to the economic growth amid the challenging economic conditions.
BNM Annual Report 2019: Risk of loan repayment defaults remains low among M'sian households
KUALA LUMPUR (April 3): Although household debts expanded faster in the second half of 2019, the risk of Malaysian borrowers defaulting on their loan repayment remains low, according to Bank Negara Malaysia (BNM).
WHO expects Malaysia's COVID-19 cases to peak in mid-April
KUALA LUMPUR (April 2): The number of COVID-19 cases in Malaysia is expected to peak in mid-April and there are signs of a flattening of the infection curve, the World Health Organization said today according to an article by Reuters.
Hijab-wearing Malaysian wrestler named in Forbes' 30 under 30 Asia list
KUALA LUMPUR (April 2): Malaysian professional wrestler Nor “Phoenix” Diana has been featured on the cover of Forbes magazine among other honorees selected for its “30 under 30 Asia Class of 2020”.
COVID-19 & MCO: 10 key tax questions answered
In light of the Movement Control Order (MCO), the Inland Revenue Board (IRB) and the Royal Malaysian Customs (RMC) have made various announcements in respect of managing our tax affairs.
