MRT2 37% complete, on track to be completed by July 2021
KUALA LUMPUR (Nov 14): Klang Valley's second mass rapid transit line (MRT2) is more than 37% complete, and is on track for full completion by July 2021.
Report: MACC set to charge Isa Samad over Felda hotel buy
KUALA LUMPUR (Nov 10): The Malaysian Anti-Corruption Commission (MACC) are in the midst of preparing to charge Felda ex-chairman Tan Sri Isa Samad with abuse of power related to an inflated purchase price of a hotel during his tenure at Felda.
Employers say no to multi-tier levy system
KUALA LUMPUR (Nov 5): The multi-tier levy system has been strongly opposed by an employer group and industry players, which said it would increase the cost of business operations.
Multi-generational loan could be a burden – Rep
GEORGE TOWN (Nov 5): Extending the housing loan term to 90 years or more may help reduce the overhang of property stocks, but are the children ready to shoulder the burden? The concern was raised by Kebun Bunga assemblyman Jason Ong Khan Lee in response to a proposal by the state government to Bank Negara to introduce generational loans to mitigate the problems on securing financing for first-time homebuyers, reported The Star today.
Management and maintenance are key when buying older properties
SHAH ALAM (Oct 20): How do you decide if an old property is worth investing in and what are the signs you look out for? According to Sri Penaga Management Corporation chairman Khaw Chay Tee, the management and maintenance of the property are key factors to consider.
MACC asset list deadline pushed
KUALA LUMPUR (Oct 17): The Malaysian Anti-Corruption Commission (MACC) has, for the second time, postponed the display of a list of declared assets by Cabinet members and MPs on its portal.
FMM wants levy to be for three-year period
KUALA LUMPUR (September 28): Just as the government announced that there will be no change after all in the terms of the levy for skilled foreign workers, the Federation of Malaysian Manufacturers (FMM) is insisting that the RM10,000 per worker annual payment will be too difficult for employers to bear.
‘Govt should reconsider foreign worker levy terms’ — FMM
PETALING JAYA (September 27): The government should reconsider its decision to maintain its original plan for employers to pay the full RM10,000 levy due for an extension of employment for skilled foreign workers, said the Federation of Malaysian Manufacturers.
Bank Negara: Imbalances in property market continue to persist
KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.
Tycoon Danny Tan to inject project worth RM4.3b into Tropicana
KUALA LUMPUR (September 14): Tycoon Tan Sri Danny Tan Chee Sing, founder and major shareholder of Tropicana Corp Bhd, is injecting into the group, two plots of land in Johor Baru which will be evolved into a mixed development with a GDV (gross development value) of RM4.
