News about economy

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.

KUALA LUMPUR (April 8): Malaysians occupied 12 spots on Forbes’ 2020 Billionares List, compared to 13 in 2019.

KUALA LUMPUR (April 6): AmBank Group Research said even if the movement control order (MCO) is lifted by mid-April or end April, demand is expected to be weak for some time due to travel aversion and social distancing.

KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.