Malaysia's affordable housing undersupply may 'worsen'
KUALA LUMPUR (March 23): The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report.
MBSB makes multiple new board appointments
KUALA LUMPUR (March 23): Malaysia Building Society Bhd (MBSB) made multiple appointments to its board of directors effective yesterday.
Approval rate for housing loans hits high of 73.8% in 2016
PETALING JAYA: The Association of Banks in Malaysia (ABM) said the approval rate for housing loans in 2016 is high at 73.
Breaking up Sime Darby is a smart move — Aberdeen CEO
KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.
Bank Negara Malaysia maintains OPR as inflation seen 'higher'
KUALA LUMPUR (March 2): Bank Negara Malaysia maintained the overnight policy rate (OPR) at 3% as the central bank evaluated risks to the country's economic growth and inflation.
‘Extend step-up financing to non-PR1MA projects too’
KUALA LUMPUR (March 1): The Real Estate and Housing Developers’ Association Malaysia (Rehda) would like to see special end-financing schemes, such as the Skim Pembiayaan Fleksibel (SPEF) that was created exclusively for Perbadanan PR1MA Malaysia homes, applied to private developments as well.
IGB Corp up 15% on takeover offer
KUALA LUMPUR (Feb 24): IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
Residential property sector bottoming
KUALA LUMPUR (Feb 23): Malaysia’s residential property absorption rate has hit a 14-year low, according to Kenanga Investment Bank Bhd head of equity research Sarah Lim.
IOI Corp 1H core net profit above expectation — AmInvestment
KUALA LUMPUR (Feb 21): AmInvestment Bank Bhd upgraded its IOI Corp Bhd net profit forecast by 9% for the current financial year after IOI reported first-half core net profit, which was above the research firm's and consensus expectations.
‘PR1MA scheme has minimal impact on banks’
Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.
