Household debt still 'elevated' at 82% of GDP, driven by residential property loans
KUALA LUMPUR (Sept 18) : The country’s household debt level remains high at an “elevated” 82.
'Above affordably priced unsold property units pile up'
KUALA LUMPUR (Sept 19): Total unsold units continue to rise for residential properties priced above the maximum affordable house prices in individual states, according to Bank Negara Malaysia’s (BNM) Financial Stability Review for the first half of 2019 (1H19).
LBU urges continuation of PDP model for Pan Borneo Highway
KUALA LUMPUR (Sept 19): Lebuhraya Borneo Utara Sdn Bhd (LBU), the project delivery partner (PDP) for the Sarawak portion of the Pan-Borneo highway, is hoping that the infrastructure project can be completed using the PDP model.
Restaurant owner to move out after getting eviction notice
PETALING JAYA (Sept 19): A restaurant near Vista Mutiara condominium shift to another location after several months of protests by residents.
1MDB-Tanore trial: Prosecution witness accused of concealing Jho Low's misrepresentation
KUALA LUMPUR (Sept 18): Prosecution witness Datuk Amhari Efendi Nazaruddin (pictured) was accused of hiding the fact that fugitive businessman Low Taek Jho misrepresented himself as adviser of the Terengganu royalty.
Matrix Concepts ventures into healthcare
PETALING JAYA (Sept 18): Matrix Concepts Holdings Berhad is venturing into the healthcare sector by signing a Management Agreement for operational management of the Pusat Hemodialysis Mawar’s (PHM) specialist hospital division, hemodialysis centre and clinics in Bandar Sri Sendayan, Negeri Sembilan.
IHH to buy Prince Court Medical Centre from Khazanah for RM1.02b
KUALA LUMPUR (Sept 17): IHH Healthcare Bhd has proposed to buy the entire stake of Prince Court Medical Centre Sdn Bhd (PCMC) for RM1.
Macquarie cuts Kerjaya Prospek Group's EPS forecast
KUALA LUMPUR (Sept 17): Macquarie Capital Securities (M) Sdn Bhd said today that it had cut its Kerjaya Prospek Group Bhd earnings per share (EPS) forecast by 18% for financial year ending Dec 31, 2019 (FY19) and 8% each for FY20 and FY21, in anticipation that the builder's property developer clients will extend project timelines to manage cash flow, amid the property market slowdown.
