Growth in loan disbursement accelerates to five-year high of 7.3% in 2018
KUALA LUMPUR (March 27): Banks are lending.
BNM tells banks to use plain language in housing loan contracts
PETALING JAYA (March 27): Bank Negara Malaysia (BNM) (pictured) has given banking institutions until end- 2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts.
Malaysia’s household debt ratio down but still high, says BNM
PETALING JAYA (March 27): Malaysia’s total household debt to gross domestic product (GDP) ratio has eased further for the fourth consecutive year to 83% at end-2018 compared with 83.
Loan approval rates for property purchases trended lower in 2018
PETALING JAYA (March 27): Overall loan approval rates for property purchases have trended slightly lower at 71.
Large incoming supply raises credit risk of commercial properties
PETALING JAYA (March 27): Due to large incoming supply, risks are expected to remain elevated for the office space and shopping complex property segment in Malaysia.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Selamatkan Kuala Lumpur: Fresh hearing on Tiara Titiwangsa project unnecessary
KUALA LUMPUR (March 27): NGO Selamatkan Kuala Lumpur (SKL) has said there is no need for a fresh hearing for residents in Taman Tiara Titiwangsa regarding a high-density project on Yayasan Wilayah Persekutuan land.
Advancecon, Kumpulan Semesta to explore solar energy opportunity
KUALA LUMPUR (March 27): Earthworks and civil engineering services provider Advancecon Holdings Bhd has signed a Memorandum of Understanding (MoU) with Kumpulan Semesta Sdn Bhd (KSSB) to explore opportunities in the solar energy industry in Malaysia, particularly the Large Scale Solar Project 3 initiated by the Energy Commission.
Guan Eng confirms sale of M'sian consulate building in HK, says offer made during Najib's time
KUALA LUMPUR (March 26): The disposal of a tower building in Hong Kong that houses the Consulate-General of Malaysia's office was actually proposed during the previous administration, said Finance Minister Lim Guan Eng.
George Kent 4Q net profit falls 65% on lower segmental contribution
KUALA LUMPUR (March 26): George Kent (Malaysia) Bhd’s net profit for the fourth quarter of financial year 2019 (4QFY19) fell 64.
