Subang Jaya flash flood caused by intense rainfall: MPSJ
PETALING JAYA (Aug 17): The flash flood that hit parts of Subang Jaya and USJ on Thursday evening was caused “intense rainfall during the short period”, and not clogged drains.
Thai REIT backs out of plan to buy two KL hotels: Report
KUALA LUMPUR (Aug 17): Stock Exchange of Thailand-listed Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust (SHREIT) has decided to “back out of a deal to acquire two hotels” here, reported The Edge Malaysia.
Hotels facing headwinds
Visit Malaysia Year 2020 (VMY2020) is around the corner, but the hospitality sector does not have high hopes that it will be a key performance driver for the sector.
Building materials sector expected to stay challenging in near term: HLIB Research
KUALA LUMPUR (Aug 15): The building materials sector is expected to remain challenging throughout 2019 despite improving news flow for the construction sector, according to Hong Leong Investment Bank Research (HLIB Research).
DONE DEAL: Semi-detached house, Semantan Villas, Damansara Heights, KL
Rented for: RM15,540 per month (around RM3.
Singapore likely to fall into technical recession, says AmBank Research
KUALA LUMPUR (Aug 13): AmBank Group Research expects Singapore's gross domestic product (GDP) growth to slow down and to likely fall into 'technical recession', ie two quarters of negative growth.
Bank Negara Malaysia to redevelop its mint
KUALA LUMPUR: Bank Negara Malaysia (BNM) plans to demolish its mint — Kilang Wang Bank Negara Malaysia building — in Persiaran Selangor, Shah Alam, and redevelop the site as part of its mint modernisation project.
Malaysia 2Q2019 GDP growth to be stronger, says AmBank Research
KUALA LUMPUR (Aug 13): AmBank Research expects Malaysia’s gross domestic product (GDP) growth to be stronger in 2Q2019.
Another rate cut by BNM soon?
KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.
