Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
‘Brace for rate hikes next year’
KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.
Johor to review Federal government's RM1m floor on foreign property investment
PETALING JAYA (Nov 20): Johor wants the RM1 million floor on foreign property investment in the country to be reviewed, said its Housing and Local Government committee chairman Datuk Md Jais Sardy.
UPDATE: Jalan Medang Tanduk reopens following landslide
PETALING JAYA (Nov 19): Jalan Medang Tanduk at Bukit Bandaraya, Bangsar, has reopened following a landslide caused by a slope retaining wall collapsing at 11.
Jalan Medang Tanduk in Bangsar closed after retaining wall collapses
PETALING JAYA (Nov 19): Jalan Medang Tanduk at Bukit Bandaraya, Bangsar, will be closed for the foreseeable future after a hillslope retaining wall collapsed at 11.
Cabinet orders DBKL to halt approvals for four types of developments
PETALING JAYA (Nov 18): The Cabinet has directed Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for four types of developments following a study by Bank Negara Malaysia (BNM) that raised the alarm on a glut in these buildings.
GuocoLand Malaysia sells PD Resort & JB Parade to Singaporean counterpart
KUALA LUMPUR (Nov 17): Debt-laden GuocoLand (Malaysia) Bhd said its 70%-owned Guoman Hotel & Resort Holdings Sdn Bhd (GNHR) is disposing of equity interests in PD Resort Sdn Bhd and JB Parade Sdn Bhd to its Singaporean counterpart, for RM223.
Tropicana Gardens fire: “minimal area” affected
PETALING JAYA (Nov 17): Tropicana Corp Bhd (Tropicana) refuted claims that a fire that broke out earlier this week had affected 90% of their Tropicana Gardens construction site, saying only a “minimal area” was impacted.