Cagamas issues RM305m papers to purchase home loans
KUALA LUMPUR (Feb 22): Cagamas Bhd has issued RM305 million in three-month Islamic commercial papers (ICP) to fund the purchase of Islamic home financing from the financial system.
Damansara Realty posts profits after three straight years of losses
KUALA LUMPUR (Feb 13): The strategic restructuring plan in September 2016 has helped to bring Damansara Realty Bhd back to the black in the fourth quarter ended Dec 31, 2017 (4QFY17), after three consecutive years of losses.
Remand on three in RM44m corruption case extended
PUTRAJAYA (Feb 10): The remand for three persons to assist in a probe involving landscape maintenance work worth RM44 million has been extended for four days until Feb 14.
Cheaper levy, toll rates for Johor’s Second Link
KUALA LUMPUR (Feb 9): Prime Minister Datuk Seri Najib Razak announced today that levy and toll rates at the Malaysia-Singapore Second Link will be slashed.
RHB ups interest rates after OPR hike
KUALA LUMPUR (Jan 30): RHB Banking Group announced today it is raising its base rate (BR) and base lending rate (BLR) by 25 basis points (bps), effective Feb 2, in line with the hike in the overnight policy rate (OPR) announced by Bank Negara Malaysia (BNM) last week.
‘Datuk Seri’ in Penang undersea tunnel investigation freed
PETALING JAYA (Jan 30): The magistrate’s court at Putrajaya has released the chairman of an engineering consultancy who had been remanded for five days since Jan 25 to assist the Malaysian Anti-Corruption Commission (MACC) in its investigation into a three-highway and undersea tunnel project in Penang, reported Bernama.
Federal govt proposes lower mortgage interest rate despite higher OPR
PETALING JAYA (Jan 26): The federal government will propose a lower mortgage interest rate to Bank Negara Malaysia despite the central bank raising the overnight policy rate (OPR) by 25 basis points to 3.
"Datuk seri" remanded for five days over Penang undersea tunnel probe
PUTRAJAYA (Jan 25): The Malaysian Anti-Corruption Commission (MACC) today obtained a five-day remand order from the Magistrate’s Court here on an engineering consultancy company chairman with the “Datuk Seri” title to help in the Penang undersea tunnel investigation, Bernama reported today.
SERC: Cautious but positive outlook for property sector in 2018
KUALA LUMPUR (Jan 17): The Socio-Economic Research Centre (SERC) expects the property market to perform better this year on the back of stronger economic indicators and consumer sentiment.
Learning the ABCs of property jargon
The first act in taking ownership of your property is signing a document known as the sale and purchase agreement — usually shortened to either SPA or S&P.
