MRCB gets RM1.07b from EPF for Bukit Jalil land disposal
KUALA LUMPUR (Dec 20): Malaysian Resources Corp Bhd (MRCB) has received RM1.
Ex-Goldman banker Roger Ng's case mention postponed to Jan 4, 2019
KUALA LUMPUR (Dec 19): Former Goldman Sachs banker Roger Ng Chong Hwa's (pictured) case mention for his extradition to the US has been postponed to Jan 4, 2019.
Putrajaya not planning to impose windfall profit tax, says Guan Eng
KUALA LUMPUR (Nov 27): The Federal Government is not planning to impose any tax on windfall profit, Finance Minister Lim Guan Eng said.
Bank Rakyat chairman Shukry sacked
KUALA LUMPUR (Nov 27): Tan Sri Shukry Mohd Salleh has been ousted as chairman of Bank Rakyat’s board with immediate effect, as he is allegedly involved in the tampering of the original audit report on 1Malaysia Development Bhd (1MDB) when he was the chief private secretary of former prime minister Datuk Seri Najib Razak.
Corporate exercise on the cards at IOI Prop? – report
PETALING JAYA (Nov 24): Talks abound about an unspecified corporate exercise in the works at IOI Properties Group Bhd – with Maybank Investment Bank Bhd said to have an important role in the exercise, reported The Edge Malaysia.
Govt should promote rent-to-own concept to boost homeownership
KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
Bank Negara stands pat on key interest rate at 3.25%
KUALA LUMPUR (Nov 8): Malaysia's central bank left its key interest rate unchanged at 3.
Ex-BNM governer questioned over RM2bil land purchase
PETALING JAYA (Nov 7): The Malaysian Anti-Corruption Commission (MACC) has questioned former Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim over the central bank’s RM2bil land purchase from the Finance Ministry in January.
Malaysia needs private consumption, investment to support growth, says World Bank
KUALA LUMPUR (Nov 6): The 2019 Budget's emphasis on addressing the stock of government debt and contingent liabilities is likely to narrow fiscal space and prevent public investment from driving economic activity as it did before, said the World Bank Group.
Multi-generational loan could be a burden – Rep
GEORGE TOWN (Nov 5): Extending the housing loan term to 90 years or more may help reduce the overhang of property stocks, but are the children ready to shoulder the burden? The concern was raised by Kebun Bunga assemblyman Jason Ong Khan Lee in response to a proposal by the state government to Bank Negara to introduce generational loans to mitigate the problems on securing financing for first-time homebuyers, reported The Star today.
