BNM keeps OPR pat at 1.75%; economists expect rate to stay through 2021
KUALA LUMPUR (May 7): Bank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.
1MDB asset forfeiture: Lawyer says prosecution fails to prove Rosmah's and daughter's 263 handbags were bought using 1MDB funds
KUALA LUMPUR (May 7): Datin Seri Rosmah Mansor’s (pictured lawyer Iskandar Shah Ibrahim claimed today the prosecution in the 1Malaysia Development Bhd (1MDB) asset forfeiture case has failed to prove the existence of a money trail showing the 263 handbags seized from Rosmah’s residence were purchased using 1MDB funds as the police officers investigating the matter had not shown such information.
MAHB says it has not received details of Subang airport takeover proposal
KUALA LUMPUR (May 7): Malaysia Airports Holdings Bhd (MAHB) said it has yet to receive the details of a reported proposal by a private business entity to take over the Sultan Abdul Aziz Shah Airport in Subang.
Report: Ismail Sabri says no inter-district travel during Hari Raya Aidilfitri
KUALA LUMPUR (May 7): Inter-district travel will not be allowed during Hari Raya Aidilfitri in states placed under the movement control order (MCO), Utusan Malaysia reported Senior Minister Datuk Seri Ismail Sabri Yaakob saying today.
Appellate court dismisses Penang residents’ appeal against Sunway property development
PUTRAJAYA (May 7): The Court of Appeal today dismissed the appeal filed by Sungai Ara residents, upholding the Penang High Court’s decision permitting Sunway City (Penang) Sdn Bhd to build a housing scheme development on a hilly area.
Ramsay Sime Darby Healthcare says viral message about private Covid-19 registration at its hospitals is fake
KUALA LUMPUR (May 6): Ramsay Sime Darby Healthcare today clarified that a viral message going around on WhatsApp, which states that its hospitals are running a private Covid-19 vaccination programme to cater to corporate and individuals seeking quick access to the vaccine shots, is false.
Victims of runaway developers face double woes from exploitative liquidators
When a developer is wound up before completion of its duties and contractual obligations, a liquidator fills the void and takes on the duties of the former, such as completing the construction of the buildings or facilities left by the defunct developer, delivering vacant possession or applying for individual or strata titles, so as not to leave the purchasers in a lurch.
Amcorp Properties shares suspended pending material announcement
KUALA LUMPUR (May 7): Trading of Amcorp Properties Bhd shares are temporarily suspended today, pending the release of a material announcement.
Ara Damansara high-rise rental market stable
While landed homes are investors’ darlings, there will always be a market for the more affordable high-rise units.
High demand for bungalows and semidees
Landed homes have always been the darling of investors, but with uncertainties resulting from the Covid-19 pandemic, one would have expected slower take-ups of the more pricey bungalows and semi-detached homes.
