News about Malaysia

KUALA LUMPUR (Oct 17): Bank Negara Malaysia (BNM) governor Datuk Seri Nor Shamsiah Mohd Yunus has said Asian countries facing increased market volatility need the option to use capital controls to pre-empt financial crises.

KUALA LUMPUR (Oct 17): The Malaysian Anti-Corruption Commission (MACC) has, for the second time, postponed the display of a list of declared assets by Cabinet members and MPs on its portal.

LANGKAWI (Oct 16): The Kilim Geoforest Park, one of few Unesco-certified sites in Southeast Asia, may lose the status if an assessment review is conducted during low tide, which will reveal the impact of tourism activities on the area.

   PETALING JAYA (Oct 16): Branded residences in Kuala Lumpur recorded a premium of 69% against non-branded luxury residences last year.

PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.

PETALING JAYA (Oct 15): Embattled former Prime Minister Datuk Seri Najib Razak is seeking donations from the public to fund his family's legal battles.

Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.

KUALA LUMPUR (Oct 15): MP for Damansara and political secretary to Minister of Finance, Tony Pua, has chided the Singapore Straits Times (ST) for allegedly getting its facts incorrect in its reporting of the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.

PETALING JAYA (Oct 12): Former Prime Minister Datuk Seri Najib Razak denied all charges of money laundering, abuse of power and criminal breach of trust and appeared unrepentant about his reign of power in an interview with Financial Times.