KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.
KUALA LUMPUR (March 16): The slowdown in the property market is largely due to the problem of financing as demand remained intact, said the Malaysian Institute of Estate Agents (MIEA).
KUALA LUMPUR (Mar 15): Defence Minister Mohamad Sabu said it is up to the Cabinet to decide whether or not to make public the findings of an investigation into controversial land deals involving the Ministry.
KUALA LUMPUR (March 13): When growth slows in China, the world’s second-largest economy, the global economy would be affected and Asian economies, including Malaysia, will be the most impacted, according to MIDF Research.
GEORGE TOWN (March 2): The emergence of Airbnb and illegal accommodation is among the main causes for Penang hotels’ occupancy rate to decline, Malaysian Association of Hotels (MAH), Penang branch has claimed.
KUALA LUMPUR (Feb 27): Malaysian Resources Corp Bhd (MRCB), whose largest shareholder is the Employees Provident Fund, closed out 2018 on a low note on absence of one-off disposal gains recognised in 2017, and slowing down of construction work on the Light Rail Transit Line 3 (LRT3) project undertaken by its 50%-owned unit MRCB George Kent Sdn Bhd.
KUALA LUMPUR (Feb 26): Urban development policies have been “for too long” under the purview of “politicians who often make decisions on what wins the most votes”, president of the Malaysian Institute of Planners (MIP) Ihsan Zainal Mokhtar (pictured) told the Malay Mail recently.
MELAKA (Feb 26): About 140 out of 649 government-owned buildings nationwide still do not have a fire certificate (FC), said Malaysian Fire and Rescue Department (JBPM) director-general Datuk Muhammad Hamdan Wahid.
KUALA LUMPUR (Feb 25): There is no necessity to lodge a police report at this juncture on the leakage in the government revenue which is estimated to exceed RM500 million during the implementation of the ministry’s land swap projects, said Defence Minister Mohamad Sabu.