News about economy

KUALA LUMPUR (April 21): The Malaysian Investment Development Authority (MIDA) said total approved investments for the manufacturing, services and primary sectors rose 1.

KUALA LUMPUR (April 16): Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold.

TOKYO (April 16): Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said today, according to a Reuters report.

KUALA LUMPUR (April 14): The outbreak of Covid-19 has prompted real estate developer TA Global Bhd to temporarily close six of its hotels.

PETALING JAYA (April 10): While many are expecting property prices to come down further in light of the uncertainties brought on mainly by the Covid-19 pandemic, Rescom Realty team leader and PEHAM (Persatuan Perunding Hartanah Muslim Malaysia) Exco member Mohd Faizal Mohd Ismail reckons that for first-time homebuyers, the best time to buy a property is "always now".

PETALING JAYA (April 10): Property buyers have strong bargain power now more than ever as more property owners may be wanting to let go of their units quickly in light of the current market environment.

PETALING JAYA (April 10): With the current Covid-19 pandemic and economic situation impacting the country and globally, is the real estate industry irrelevant and a total crash and gloom? Or are there property gems out there buyers can take advantage of? To discuss these issues, EdgeProp.

PETALING JAYA (April 10): Property owners becoming more realistic on pricing during tough times and willing to reduce their asking price, for buyers who are eyeing for investment properties, now it’s time to do so, said Propnex Malaysia COO & principal Evon Heng.

PETALING JAYA (April 9): An association of property developers has urged workers in the construction industry to accept pay cuts to help the companies employing them stay afloat, Free Malaysia Today reported today.

KUALA LUMPUR (April 8): Businesses, even some essential ones are finding it difficult to sustain amid the sluggish economy which is compounded by the COVID-19 virus outbreak and the ensuing Movement Control Order (MCO) imposed by the government.