Jax Lee 
KUALA LUMPUR: There is a concern that Malaysians are borrowing too much and not saving enough, according to a report by Khazanah Research Institute. While household debt growth has been moderating since 2010 (2015: 7.3% year-on-year), the ratio of household debt to gross domestic product remains high, at 89.1% in 2015 against 87.4% in 2014, … Read more
PEOPLE’s housing project (PPR) Taman Putra Damai, Lembah Subang 1 will get RM1mil from the Federal Government by the end of the year to upgrade its facilities. Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar announced the allocation, among others, to improve the handrails and football field during a Gotong-Royong Merdeka Raya … Read more
SHAH ALAM, 25 August: Prime Minister, Datuk Seri Najib Abdul Razak today officially launched the Light Rail Transit Line 3 (LRT3) project. Najib said the project will be able to transport more passengers compared to other modes of transportation available in Western Klang Valley at the rate of 36,720 passengers per direction per hour. “I … Read more
MIDF Research expects the Pokemon Go craze to benefit Malaysian real estate investment trusts (REITs) as shopping malls see higher footfalls. “Since the release of Pokemon Go in Malaysia on Aug 6, retailers in the local shopping malls have been taking advantage of the Pokemon Go craze. One of the most common ways used by … Read more
MALACCA: A total of 57,503 affordable homes (RMM) will be made available in Malacca by the year 2023. Chief Minister Datuk Seri Idris Haron said 27,000 units of RMM homes will be constructed by state government agencies while 30,000 more units will be completed by private developers. He also said that 10,704 units were being … Read more
The 15,211 sq ft property in Dalvey Estate is currently being rented out at $26,000 per month. (Photo: Edmund Tie & Company) A freehold good class bungalow (GCB) in the exclusive Dalvey Estate GCB area will be put up for auction by owner’s sale at the end of this month, said sole marketing agent Edmund … Read more
Eco World Development Group Berhad marked its entry into the North West Klang Valley growth corridor with its latest integrated green township. Unveiled at the launch of its 12th sales gallery in Puncak Alam, Selangor, Eco Grandeur bears all the hallmarks of an EcoWorld development in terms of lavish landscaping, outstanding architecture, signature landmarks and … Read more
KUALA LUMPUR, Aug 19 (Bernama) — Property giant, IJM Land Bhd has collaborated with Allianz Malaysia Bhd to introduce the first triple insurance protection scheme in Malaysia — HomeTIPS — to provide protection for house buyers. IJM Land Managing Director Edward Chong Sin Kiat said the three-in-one scheme would provide term life, personal accident and … Read more
KUALA LUMPUR: Malaysia is no longer stuck in the middle income trap, given the steady growth of its gross national income (GNI) in recent years and improving fiscal position. Performance Management & Delivery Unit ( Pemandu) pointed out that Malaysia’s GNI at US $10,570 per capita last year is now only 15% away from the … Read more
Second Finance Minister Datuk Johari Abdul Ghani said the government does not plan to increase the goods and services tax (GST) rate even as it expects a revenue shortfall of RM30 billion from the oil and gas industry this year. He noted that the government is committed to assisting the middle and lower-income group as … Read more