Malaysia has to improve cooperation between agencies at the state and federal levels, as well as create better channels of communication between these agencies and members of the public.
The continued monetary policy stance is unlike other countries in the region, which have started to cut rates in recent weeks, noted London-based economic research firm Capital Economics.
Bank Negara Malaysia: "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth prospects.
Malaysia is becoming a major data centre hub in Southeast Asia, attracting significant investments from global tech giants.
“REHDA agrees that introducing such measures can cause a collapse to the housing industry, which will also impact 180 upstream and downstream industries within the ecosystem, and eventually affecting the economy as well.
Town planners should consider a holistic approach to urban redevelopment, balancing historical preservation with modern amenities.
Climate change poses a significant threat to cities worldwide, with experts warning of increased risks from sea-level rise, flooding, heatwaves, and air pollution.
Housing and Local Government minister Nga Kor Ming: “Property investment is a tool for wealth preservation and inflation management.
"For this new Act, we propose that the consent threshold be no less than 80%.
“The new owners inheriting these properties may end up having to sell their ancestral home as they cannot afford to pay the imposed tax, thus losing their home and an investment kickstarted by their deceased family, and discourage long-term ownership of properties,” said REHDA president, Datuk Ir Ho Hon Sang.
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