MBSB 3Q profit rises 21% on lower impairment allowances
KUALA LUMPUR (Nov 14): Malaysia Building Society Bhd’s (MBSB) net profit for the third financial quarter ended Sept 30, 2018 (3QFY18) rose 21.
PAC’s probe into ‘tampered’ 1MDB audit report to start Dec 4
KUALA LUMPUR (Nov 14): The Public Accounts Committee (PAC) will kick off its investigation in the first week of December this year into the allegations the 2016 Auditor-General’s Report on 1Malaysia Development Bhd (1MDB) has been tampered with.
Guan Eng: Luxury cars not eligible for targeted petrol subsidy
KUALA LUMPUR (Nov 13): Finance Minister Lim Guan Eng said today luxury car owners will not receive petrol subsidies from the government as announced under Budget 2019 even though their vehicle engines have capacities of 1,500cc and below.
Homebuyers deferring purchase to next year for more budget perks, says analyst
KELANA JAYA (Nov 13): With all the favourable measures for first time homebuyers under Budget 2019 which will kickstart next year, RAM Ratings head of agribusiness, real estate and construction Thong Mun Wai expects property sales to improve early next year.
Parking woes for residents of Kepong
KUALA LUMPUR (Nov 13): Residents of Vista Mutiara condominium in Kepong want Kuala Lumpur City Hall (DBKL) to take action against motorists who park illegally.
Govt should promote rent-to-own concept to boost homeownership
KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
Finance Minister says new homeownership platform provides another option
KUALA LUMPUR (Nov 12): Finance Minister Lim Guan Eng today explained that the new homesownership platform initiative provides Malaysians with another option towards owning a home.
MRMA suggests higher free float of Airport REIT to gain more foreign interest
KUALA LUMPUR (Nov 12): Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) suggested the government consider increasing the free float of the Airport REIT (AREIT) to more than 30% of the proposed stake, in line with the Bursa Malaysia's priority to attract higher foreign participation in the local capital market.
PAC to set a date for 1MDB proceedings tomorrow
KUALA LUMPUR (Nov 12): The Public Accounts Committee (PAC) will hold a meeting tomorrow (Nov 13) to discuss the date for proceedings to start, pertaining to the reinvestigation of 1Malaysia Development Bhd (1MDB).
Many development projects in Johor will still be carried out, says Finance Minister
JOHOR BAHRU (Nov 12): Finance Minister Lim Guan Eng (pictured) has reassured that despite the change of government in Putrajaya, many development projects in Johor such as the Johor Bahru-Singapore Rapid Transit System (RTS) Link, would be carried out, reported The Star today.
