Loan approval rates for property purchases trended lower in 2018
PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.
Large incoming supply raises credit risk of commercial properties
PETALING JAYA (March 27): Due to large incoming supply, risks are expected to remain elevated for the office space and shopping complex property segment in Malaysia.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Govt asks for RM15.5b more for development spending
KUALA LUMPUR (March 27): The Federal Government is seeking RM15.
Govt to introduce tightened rules on resale of affordable housing units, says Zuraida
KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.
Isa Samad withdraws discovery application in FGV suit
KUALA LUMPUR (March 27): Former Felda chairperson Tan Sri Mohd Isa Abdul Samad today withdrew his discovery application to get all the documents from FGV Holdings Bhd in the suit brought by FGV against him and 13 others over damages in relation to the acquisition of Asian Plantations Ltd (APL) in 2014.
Selamatkan Kuala Lumpur: Fresh hearing on Tiara Titiwangsa project unnecessary
KUALA LUMPUR (March 27): NGO Selamatkan Kuala Lumpur (SKL) has said there is no need for a fresh hearing for residents in Taman Tiara Titiwangsa regarding a high-density project on Yayasan Wilayah Persekutuan land.
Foreign workers housed in gated communities irks local residents
KUALA LUMPUR (March 27): The land-scarce island of Penang has seen the issue of Multinational Corporations that have been forced to house their foreign workers within exclusive gated and guarded communities, raising the ire of locals in the neighbourhoods.
Advancecon, Kumpulan Semesta to explore solar energy opportunity
KUALA LUMPUR (March 27): Earthworks and civil engineering services provider Advancecon Holdings Bhd has signed a Memorandum of Understanding (MoU) with Kumpulan Semesta Sdn Bhd (KSSB) to explore opportunities in the solar energy industry in Malaysia, particularly the Large Scale Solar Project 3 initiated by the Energy Commission.
AirAsia wants Nepal's airport to waive late fees worth Rs 130 million
KUALA LUMPUR (March 27): AirAsia Group Bhd has asked Tribhuvan International Airport (TIA) in Kathmandu, Nepal to waive around Rs 130 million in outstanding fees, according to a report by The Himalayan Times today.
