Fitch expects Malaysian govt debt limit to be raised to 70% of GDP by next election in 2023
KUALA LUMPUR (Nov 10): Fitch Solutions Country Risk and Industry Research is forecasting Malaysia’s 2022 fiscal deficit to come in at 6.
Malaysia 10th most vaccinated nation against Covid-19
KUALA LUMPUR (Nov 9): Malaysia has the 10th highest rate of complete Covid-19 vaccination globally, with some 77% of its total population fully inoculated.
Co-creation: A holistic approach to property ownership
With home loan interest rates at record lows plus a slew of government initiatives and campaigns to help alleviate household financial burdens, the dream of owning a home now doesn’t seem that unattainable after all.
MoH estimates up to 200,000 backlog surgeries due to pandemic
KUALA LUMPUR (Nov 8): Backlog surgeries in Ministry of Health (MoH) hospitals are collectively estimated to be as high as 200,000 cases, including elective procedures, due to the Covid-19 epidemic.
MySejahtera app administrator apologises for home surveillance order, person under surveillance errors
KUALA LUMPUR (Nov 7): The administrator of Malaysia's Covid-19-driven MySejahtera mobile application to assist in the monitoring of the outbreak in the country on Sunday apologised for errors which allowed random users to be given home surveillance order (HSO) and person under surveillance (PUS) statuses.
Ex-state executive councillor, two others ordered to enter defence in charge for receiving bribes from property developers
KUALA LUMPUR (Nov 7): The High Court in Johor Bahru on Sunday ordered ex-Johor executive council member Datuk Abd Latif Bandi, his son and a former real estate consultant to enter their defence against 37 corruption and money laundering charges involving more than RM30 million as the prosecution had proven a prima facie case against the accused, who were charged in 2017 for receiving bribes from property developers who requested for the change in bumiputra land status in Malaysia.
JCorp extends closing date of takeover offer for Damansara Holdings to Nov 22
KUALA LUMPUR (Nov 4): Johor Corp Bhd (JCorp), the state-controlled investment arm of Johor, has extended the closing date of its unconditional mandatory take-over offer for Damansara Holdings Bhd from Nov 8 to Nov 22, to allow more time for shareholders to accept its offer, according to a bourse filing on Wednesday.
DONE DEAL: 4.5-storey shopoffice at Ampang Point Commercial Centre, Ampang, Kuala Lumpur
Read also DONE DEAL: 4.
Malaysia headed for economic recovery, says DBS
KUALA LUMPUR (Nov 2): DBS Bank said Malaysia’s economy is starting to recover gradually from the Covid-19 crisis following a tumultuous 2020 and 2021, but is maintaining its growth forecasts of 4% for 2021 and 5% for 2022.
Ibraco clinches RM375m construction job in Sarawak
KUALA LUMPUR (Nov 2): Property developer Ibraco Bhd has secured a contract for construction works in Kuching, Sarawak, worth approximately RM375 million.
