News about Malaysia

“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.

The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.

Group managing director Datuk Azmir Merican: I think it is a difficult time especially today, as you see a lot of price increases.

Commenting on the results, MBSB group chief executive officer Datuk Nor Azam M Taib said, “The improvement is driven by strong fundamentals based on our business plan despite the challenging economic environment.

In conjunction with the listing, SkyWorld’s initial public offering entails a public issue of 208,000,000 new shares representing approximately 20.

There is a widely held perception that housing is increasingly out of reach for the younger generation of Malaysians.

The latest ABSD increase hits foreigners most with the doubling of the rate to 60%.

The proceeds from the issuance of the MTNs will be used for, among others, the development of properties and resorts of Genting Malaysia and its subsidiaries, including those in Genting Highlands, Pahang.

“We believe there could be one more OPR hike by end-2023 to 3.

The rate hike, after two consecutive pauses in early 2023 at 2.