News about ban

PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.

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KUALA LUMPUR (Feb 14): The overnight policy rate (OPR) adjustment reflects a normalisation of key interest rates and is not meant to be a tightening of monetary conditions, Bank Negara Malaysia (BNM) said today.

KUALA LUMPUR (Feb 14): Weida (M) Bhd more than doubled its net profit in the third quarter ended Dec 31, 2017 (3QFY18) to RM8.

KUALA LUMPUR (Feb 14): Tile maker and property and construction group Seacera Group Bhd is buying a 70% controlling stake in builder Teras Sari Resources Sdn Bhd, which is undertaking a RM338.

KUALA LUMPUR (Feb 13): While many Malaysians are complaining that property prices have gone beyond affordability, World Bank director of urban development Dr Sameh Naguib Wahba Tadros, however, points out that homeownership is not meant for all.

KUALA LUMPUR (Feb 13): Banks should conduct tighter checks and commission their own independent feasibility studies on developers’ proposed projects before deciding to grant financing, says property consulting firm Rahim & Co International Sdn Bhd.

KUALA LUMPUR (Feb 12): Batu Kawan Bhd's first quarter net profit fell 9.

KUALA LUMPUR (Feb 12): More consumer surveys should be done to collect detailed data in order to understand the true needs of affordable housing in Malaysia, said the World Bank.

KUALA LUMPUR (Feb 12): About 40% of new buildings in the country have green building initiatives, with their builders designing them so that they are more energy-efficient, with zero carbon emission, Bernama reported today.