MIPEAC calls for urgent property market stimulus

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

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Should you opt out of the loan deferment?

Bank Negara Malaysia (BNM), on March 24, 2020, announced an automatic six-month moratorium on all bank loans starting from April 1, to assist borrowers who are facing temporary financial difficulties due to the COVID-19 outbreak.

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The Edge COVID-19 funds now at RM23.775 million

Kuala Lumpur (April 1): A few more large contributions have been pledged to The Edge Covid-19 Equipment Fund and The Edge Covid-19 Health Care Workers Support Fund, bringing the total donations from Corporate Malaysia to RM23.

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World Bank cuts Malaysia 2020 GDP target to -0.1%

KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.

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