News about Malaysia

   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.

KUCHING (Oct 10): The Malaysian Anti-Corruption Commission (MACC) Sarawak has completed about 50% of its probe into an illegal warehouse storing smuggled chicken wings that has been in operation in Miri for the past 30 years, says its director Razim Mohd Noor.

  Malaysia Building Society Bhd (Oct 9, RM1.

PETALING JAYA (Oct 9): Bank Negara Malaysia (BNM) is proposing a more flexible loan package with flexible interest rates and an extended maximum loan tenure for affordable home buyers, said Housing and Local Government Minister Zuraida Kamaruddin.