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.
Ambank seeks to sell Seacera property to recoup RM18.3m loan
KUALA LUMPUR (Sept 19): Ambank Islamic Bhd is seeking a public auction of a property in Penang belonging to Seacera Group Bhd over a sum of RM18.
'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).
Atrium REIT to raise RM999m via MTN programme for Penang properties
KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.
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.
BNM keeps OPR unchanged at 3%
KUALA LUMPUR (Sept 12): Bank Negara Malaysia's (BNM) monetary policy committee (MPC), at its meeting today, decided to maintain the overnight policy rate (OPR) at 3%.
Affordable segment in property sector expected to perform well
PETALING JAYA (Sept 6): We are maintaining our “neutral” view on the property sector as the outlook remains challenging in the next 12 months.
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Chin Hin partners education service provider for 8th & Stellar project
PETALING JAYA (Sept 6): Chin Hin Property Development has partnered with early childhood education service provider Melody Kindyland to bring in the latter’s kindergarden and daycare centre to its 8th & Stellar development in Sri Petaling, Kuala lumpur and possibly to another project in Seri Kembangan, Selangor.
Hektar REIT bags Asean energy efficient building award for Subang Parade
KUALA LUMPUR (Sept 6): Hektar REIT was named the first runner-up in the Asean Energy Efficient Building: Retrofitted Building category at the Asean Energy Awards & Gala Dinner held in Bangkok, Thailand on Wednesday.
Witness in 1MDB-Tanore trial made RM75,000 per month working for Najib
KUALA LUMPUR (Sept 5): At one point, Datuk Amhari Efendi Nazaruddin (pictured, left) brought home some RM75,000 per month as the special officer to Datuk Seri Najib Razak, the High Court was told today.
