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Budget 2018 allocation for PR1MA homes below RM250k was to address unaffordability issue

Budget 2018 allocation for PR1MA homes below RM250k was to address unaffordability issue

PETALING JAYA: Finance Minister II Datuk Seri Johari Abdul Ghani earlier said that the RM1.5 billion allocation for PR1MA to build 210,000 units of houses priced under RM250,000 announced in Budget 2018, is in acknowledgement of the unaffordability of the homes under the current scheme. “What PR1MA is doing right now was the initiative taken […]

November 21, 2017 | By | Reply More
Government will not u-turn on luxury property project freeze

Government will not u-turn on luxury property project freeze

KUALA LUMPUR: The government will not “u-turn” from its decision to freeze approvals for luxury property projects from November 1, unless “something significant erupts” which warrants reassessment, said Finance Minister II Datuk Seri Johari Abdul Ghani. “There is no such thing as u-turn. This is a cabinet’s decision. Unless there is something that is significant, […]

November 21, 2017 | By | Reply More
More than half of PR1MA houses sold

More than half of PR1MA houses sold

KUALA LUMPUR: A total of 12,640 units of Perumahan Rakyat 1Malaysia (PR1MA) houses with gross development value of RM3.16 billion had been taken up as at Nov 15, 2017. “This represents more than 50 per cent of the 25,132 units of PR1MA houses which are open for sale at the moment,” Perbadanan PR1MA Malaysia said […]

November 21, 2017 | By | Reply More
MARC affirms ratings on CIMB Group's RM10bil debt note

MARC affirms ratings on CIMB Group's RM10bil debt note

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Bhd and accordingly affirmed its issue rating of AA on the group’s RM10 billion Basel III-compliant Tier 2 Subordinated Debt Programme. In a statement today, MARC said the outlook on the ratings is […]

November 21, 2017 | By | Reply More
Oil prices steady as rising US output undermines OPEC cuts

Oil prices steady as rising US output undermines OPEC cuts

SINGAPORE:Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out by rising output in the United States. Brent crude futures LCOc1, the international benchmark for oil prices, were at US$62.20 per barrel at 0301 GMT, 8 cents above their last close. US West Texas […]

November 21, 2017 | By | Reply More
Construction of Track 4A project to begin within 6-12 months

Construction of Track 4A project to begin within 6-12 months

KUALA LUMPUR: The construction work of the long-delayed power plant project Track 4A in Pasir Gudang, Johor, is expected to begin within six months to a year, said Energy Commission (EC) chairman Datuk Abdul Razak Abdul Majid.  The project, estimated to cost about RM4.7 billion, is now expected to achieve scheduled commercial operation on July […]

November 21, 2017 | By | Reply More
SoftBank funding may spur Uber to re-think tough Southeast Asian market

SoftBank funding may spur Uber to re-think tough Southeast Asian market

SINGAPORE: SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank […]

November 21, 2017 | By | Reply More
UEM Sunrise shares up on improved Q3 earnings

UEM Sunrise shares up on improved Q3 earnings

PETALING JAYA: UEM Sunrise Bhd’s shares rose 0.94% this morning on news of its net profit doubling in the third quarter ended Sept 30, 2017. At 10.58am, its share price rose 0.94% or 1 sen to RM1.07 with a total of 3.34 million shares traded. The stock gained 1 sen or 0.96% to close at […]

November 21, 2017 | By | Reply More
Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

PETALING JAYA: Mieco Chipboard Bhd’s shares fell 0.85% this morning despite announcing a three-fold jump in its third quarter earnings. At 10.41am, its share price fell 0.85% or 1 sen to RM1.17 with a total of 1871800 shares traded. The stock rose 2.61% or 3 sen to close at RM1.18 yesterday with a total of […]

November 21, 2017 | By | Reply More
Making Malaysia a Second Home

Making Malaysia a Second Home

Henley & Partners facilitates global citizens who are looking to make Malaysia their home-away-from-home There is a growing trend towards individuals wanting to live a more mobile and less restrictive life, one where they can take advantage of opportunities internationally as well as make a contribution on a global level. In an unsettled, ever-changing world, […]

November 21, 2017 | By | Reply More