Fitch affirms Malaysia’s sovereign rating at BBB+, with stable outlook
KUALA LUMPUR (July 19): Fitch Ratings has affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at 'BBB+', with a stable outlook.
Knight Frank: KL high-end condo market price correction continues
PETALING JAYA (July 19): Kuala Lumpur high-end condominium market price correction continues due to weaker demand and rental growth remains under pressure due to rising inventory in existing and newly built segments, said Knight Frank Malaysia’s report.
Govt is ready to increase the fiscal injections to support the economy - Finance Minister
PETALING JAYA (July 19): Malaysian government is ready to increase the fiscal space to support the economy and the people, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Covid-19: Singapore govt advises unvaccinated people to stay home
SINGAPORE (July 19): Singapore’s health ministry advised unvaccinated individuals, especially the elderly, to stay at home over the next few weeks, in view of the increasing number of daily new cases, reported Reuters.
Retail outlook: Risk of more store closures
KUALA LUMPUR (July 17): Retail sales have gone from bad to worse, said an industry expert.
Klang Valley land prices continue to be resilient
KUALA LUMPUR (July 17): Land prices in the Klang Valley “have remained stable and, in rare instances, even managed to fetch a premium,” The Edge Malaysia reported this week.
Penang state council approved transfer of ownership of state lands to developers as payment for work done in undersea tunnel project, says witness
KUALA LUMPUR (July 16): The Penang state executive council led by former chief minister Lim Guan Eng (pictured) in 2014 had approved the transfer of ownership of the two lands connected to the Penang undersea tunnel project to two third-party companies, in return for the work that has been done by Consortium Zenith BUCG Sdn Bhd, the Sessions Court heard today.
EMCO in Selangor to be lifted at midnight, says DPM
KUALA LUMPUR (July 16): Deputy Prime Minister (DPM) Datuk Seri Ismail Sabri Yaakob said the Enhanced Movement Control Order (EMCO) imposed on all 34 sub-districts in Selangor will be lifted at midnight tonight.
Judicial review challenging KVDT2 contractor's termination to commence
PUTRAJAYA (July 16): The Court of Appeal has dismissed an appeal by the federal government and transport minister against the High Court's decision to grant a stay to Dhaya Maju LTAT Sdn Bhd.
Court of Appeal acquits Ku Nan of RM2m graft charge
PUTRAJAYA (July 16): A three-member Court of Appeal bench today acquitted former federal territories minister and Putrajaya member of Parliament Datuk Seri Tengku Adnan Tengku Mansor of graft involving RM2 million that entered into a company account which he controls.
