Bank Negara, SC lead new committee on climate change
KUALA LUMPUR (Sept 27): Bank Negara Malaysia (BNM) and the Securities Commission (SC) are leading the newly-formed joint committee on climate change (JC3) to spur the Malaysian financial sector towards a low-carbon economy.
GDB bags RM517m job to build Desa ParkCity's Park Regent development
KUALA LUMPUR (Sept 26): Construction firm GDB Holdings Bhd has clinched a RM517 million contract to undertake construction works as the main contractor for the Park Regent residential development located at Desa ParkCity here.
Malaysia still on track to meet 3.4% fiscal deficit target this year: Finance Minister
KUALA LUMPUR (Sept 26): Malaysia is on track to meet its fiscal deficit target of 3.
Rehda hopes for expansionary Budget to spur spending
PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.
Vanke Service eyes Malaysia property management industry
SHENZHEN (Sept 26): China's first property management services provider Vanke Service Development Co.
Budget 2020 to lighten pressure on BNM to pursue another rate cut in 2019 — UOB
KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.
Budget 2020: Hong Leong sees RM4b contingency plan in the offing
KUALA LUMPUR (Sept 25): Hong Leong Investment Bank Bhd says Malaysia's Budget 2020 may include a RM4 billion contingency plan to cushion the nation's economic growth from the prolonged US-China trade tension.
SC registers EdgeProp as first property crowdfunding operator in Malaysia
PETALING JAYA (Sept 25): EdgeProp Sdn Bhd (EdgeProp) has been registered by the Securities Commission Malaysia (SC) as the first recognised market operator to establish and operate a property crowdfunding (PCF) platform in Malaysia, following the revision of the SC’s Guidelines on Recognised Markets in May 2019.
Minority shareholders block Lafarge Malaysia’s RM3.5b RPTs with YTL
KUALA LUMPUR (Sept 24): Lafarge Malaysia Bhd’s (LMB) minority shareholders voted down a resolution that would have allowed the group to undertake recurrent related party transactions (RPTs) worth an aggregate RM3.