Malaysia's household debt-to-GDP ratio at new peak of 93.3% as at December 2020, says BNM
KUALA LUMPUR (March 31): Bank Negara Malaysia (BNM) said today Malaysia's household debt-to-gross domestic product (GDP) ratio had risen to a new peak of 93.
BNM: Housing market activity hits historical low with elevated level of unsold properties
KUALA LUMPUR (March 31): Unsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia (BNM).
DONE DEAL: Serviced apartment at St Mary Residence, Jalan Tengah, Kuala Lumpur
Read also DONE DEAL: Serviced apartment at Banyan Tree Signatures Pavilion, Jalan Conlay, Kuala Lumpur DONE DEAL: Serviced apartment at Seventeen Residences, Petaling Jaya, Selangor Jointly developed by E&O Property Development and Lion Group, St Mary Residence is a freehold luxury serviced apartment nestled in Jalan Tengah, Kuala Lumpur.
Court to hear DBKL's appeal on Taman Rimba Kiara development on June 14
PUTRAJAYA (March 30): The Kuala Lumpur City Hall (DBKL), together with developer Memang Perkasa Sdn Bhd (a subsidiary of Malton Bhd) and two others, has posed close to 30 questions of law in their appeal over the Taman Rimba Kiara (pictured) development, for which the Federal Court has fixed hearing on June 14.
Special dividend among options for proceeds from E&O stake sale, says Sime Darby
KUALA LUMPUR (March 30): Sime Darby Bhd is considering several options for the proceeds from the sale of its remaining 10.
Terengganu Sultanah's defamation suit: Sri Ram, Tommy Thomas' firm to represent Sarawak Report editor in appeal hearing
KUALA LUMPUR (March 29): Former Federal Court Judge Datuk Seri Gopal Sri Ram and former attorney general Tan Sri Tommy Thomas' law firm will represent Sarawak Report editor Clare Rewcastle-Brown and two others in an appeal hearing related to the defamation suit filed against the defendants by the Sultanah of Terengganu, Sultanah Nur Zahirah.
Report: IWH’s listing might be delayed to 2H2021
KUALA LUMPUR (March 27): Plans to list Iskandar Waterfront Holdings Sdn Bhd (IWH) is now “scheduled for the second half of this year, instead of the first half as planned,” a source told The Edge Malaysia in a report this week.
1MDB lawyer Rosli Dahlan issues letters of demand to Lokman Noor Adam, two others
KUALA LUMPUR (March 27): 1Malaysia Development Bhd's (1MDB) lawyer Rosli Dahlan had yesterday issued letters of demand (LODs) to former Umno supreme council member Datuk Seri Lokman Noor Adam, Kuang assemblyman Sallehuddin Amiruddin and Mohd Hanizam Yunus for issuing defamatory statements which implied, among others, that Rosli had unlawfully profited from money in connection with the 1MDB asset recovery effort by the Malaysian government.
Penang commercial property The Weld Heritage Square to be completed by year end
KUALA LUMPUR (March 27): The RM160 million The Weld Heritage Square commercial property project within Penang’s George Town UNESCO World Heritage Site at Pengkalan Weld is expected to be completed by the end of 2021 based on the project’s current construction completion status at 85%, according to its developer today.
Sime Darby sells 10.89% E&O stake for RM93.5 million cash
KUALA LUMPUR (March 27): Sime Darby Bhd said yesterday it has disposed of its last block of shares in Eastern & Oriental Bhd for RM93.
