News about minister

Construction sector Maintain overweight: According to a news report, Transport Minister Datuk Seri Liow Tiong Lai has cited a change in alignment, a longer tunnel link and a weak ringgit as the reasons for the cost of the East Coast Rail Link (ECRL) project jumping to RM55 billion from RM29 billion.

KUALA LUMPUR (Oct 4): The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases.

KUALA LUMPUR (Sept 20): A maximum loan in­terest of 6% is a fair rate for developers to charge house buyers, The Star reported Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar as saying yesterday.

KUALA LUMPUR (Sept 13): Analysts expect no significant impact on the local property market, following the government’s move to allow eligible property developers to obtain a licence under the Moneylenders Act and Pawnbrokers Act to provide up to 100% financing for homebuyers.

KUALA LUMPUR (Sept 9): M101 Holdings Sdn Bhd is tapping into the property tourism industry with its iconic development M101 SkyWheel which has a Ferris wheel on top of the building.

KUALA LUMPUR (Aug 4): The government, specifically the Deputy Minister of Finance 1 Datuk Othman Aziz, said yesterday that houses priced up to RM165,060 are considered affordable to a median Malaysian household.

PETALING JAYA (June 29): The National House Buyers’ Association (HBA) hopes that the new Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar will encourage greater home ownership.

IN line with expectations, Malaysia’s property market in 2015 did not perform as well as it did in 2014.

GEORGE TOWN (April 6): The Federal Government is willing to provide input on the RM27 billion Penang Transport Master Plan (PTMP), according to Works Minister Datuk Seri Fadillah Yusof (pictured).

KUALA LUMPUR (Feb 23): The Chinese communities living in new Chinese villages and fishing villages should take advantage of the natural and quaint settings of their settlements by opening up homestay businesses to cater to tourists, especially those from China, according to Tourism and Culture Minister Datuk Seri Nazri Aziz.