Housing bubble or housing cycle?
Malaysian house prices are in continuous upward trend since 1990.
Higher property sales seen to lift Tiong Nam’s 2QFY19 earnings
Tiong Nam Logistics Holdings Bhd (Aug 28, RM1.
Sime Darby Prop eyes up to 10% recurring income contribution
KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.
IJM Corp sees lower FY19 order book replenishment
KUALA LUMPUR (Aug 29): Builder and property developer IJM Corp Bhd expects a lower order book replenishment in the current financial year ending March 31, 2019 (FY19) as it already secured some of the jobs in FY18.
PMO: Property purchase doesn’t promise automatic residency in M'sia
PETALING JAYA (Aug 28): The Malaysian government has stressed that foreigners who wish to reside in Malaysia need to apply for permanent residency through the Malaysia My Second Home (MM2H) program.
Pan Borneo Highway review findings yet to be presented
KUALA LUMPUR (August 28): The consultant appointed to review awarded contracts related to the Pan Borneo Highway in order to reduce government spending, was given two weeks to complete, after which they must present their findings to the government.
Abuse of procurement system found at MoF, says C4
KUALA LUMPUR (Aug 28): The Ministry of Finance (MoF) under the previous administration had abused the procurement policy and system that led to the failure of enforcement by government agencies and a lack of disciplinary action against non-compliance, according to the Centre to Combat Corruption and Cronyism (C4).
AREA Group inks land deal with PNB
PETALING JAYA (28 August): The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.
Ismail Bakar named as new Chief Secretary to govt
KUALA LUMPUR (Aug 28): Datuk Seri Dr Ismail Bakar, the current Treasury Secretary-General, has been appointed as the new and 14th Chief Secretary to the government, effective tomorrow.
