No affordable housing, no approvals

KUALA LUMPUR (Sep 3): The Selangor state government has decided to withhold the necessary approvals for developers who do not meet its affordable housing quota, in a bid to rein in defiant ones who delay the construction of affordable units in their projects.

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REITs in favour

KUALA LUMPUR: Malaysia’s two biggest banks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, said last week they expect Bank Negara Malaysia to cut the overnight policy rate (OPR) by another 25 basis points (bps) by year end, reflecting rising expectations of one.

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Central Market: Evolving heritage

With its light blue facade and the Malaysian national flag emblazoned above its main entrance with the words “Since 1888”, Central Market Kuala Lumpur, also known as Pasar Seni, is one of the most successful repurposed heritage buildings in the capital city.

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