News about US

KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said today household debt, as measured by the household debt-to-gross domestic product (GDP) ratio, expanded at a faster pace in the second half of 2019, primarily driven by loans for the purchase of residential properties.

KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.

KUALA LUMPUR (April 3): Although household debts expanded faster in the second half of 2019, the risk of Malaysian borrowers defaulting on their loan repayment remains low, according to Bank Negara Malaysia (BNM).

PETALING JAYA (April 2): The recent stimulus packages announced by the government benefit many parties but unfortunately, companies which fall under the Small and Medium Enterprise (SME) category do not derive much from them and this includes a bulk of property and facility management services companies.

KUALA LUMPUR (April 2): British Airways (BA) is soon expected to announce that it will suspend around 36,000 staff, reported the BBC today.

KUALA LUMPUR (April 1): Urusharta Jamaah Sdn Bhd (UJSB) is no longer a substantial shareholder of MCT Bhd, WCT Holdings Bhd and Eastern & Oriental Bhd (E&O), after paring its stake in the companies.

KUALA LUMPUR (April 1): Palm oil and property player Keck Seng (Malaysia) Bhd (KSM) said its hotel operations located in the US and Canada have temporarily closed, following the enforcement of citywide lockdowns.

KUALA LUMPUR (April 1): News Corp says it will suspend printing of 60 Australian community newspapers in New South Wales, Victoria, Queensland and South Australia from April 9, ABC reported today.

KUALA LUMPUR (April 1): No decision was made yet on whether there will be Ramadan bazaars in the Federal Territories, stressed minister Annuar Musa in a Malaysiakini report today.

KUALA LUMPUR (March 31): Voicing concerns on the impact of the Movement Control Order (MCO) on the property sector, the National Chamber of Commerce and Industry of Malaysia (NCCIM) has urged the government to consider allowing an extension of time especially for ongoing housing development schemes.