KUALA LUMPUR (Jan 24): Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM). This is the fourth time that the MPC has decided to maintain the OPR at 3% since July 2023. The headline rate was…
Read MoreTo boost the real estate market, PropertyGuru urges the government to address the issues of cost of living and stagnant income. PETALING JAYA: The Malaysian property market is expected to stabilise in 2024 despite economic uncertainties, with certain areas and submarkets positioned for more robust growth. PropertyGuru country manager Sheldon Fernandez said there is also…
Read MoreSime Darby Property’s Elmina Lakeside Mall secures 85% tenancy prior to opening in 3Q2024 Some of the brands are Jaya Grocer, Harvey Norman, The Coffee Bean & Tea Leaf, Nak Nak, Inside Scoop, Kenny Hills Bakers, Jibby & Co, Chica Bonita, Sushi Zanmai, Para Thai, Super Saigon, Dolly Dim Sum, Watsons, Toys“R”Us, Twigs Bookshop, Lavender…
Read MoreKUALA LUMPUR (Jan 23): The Malaysian government and Express Rail Link Sdn Bhd (ERL) have entered into a new supplementary concession agreement that enables the KLIA Ekspres operator to implement a “market-driven” fare structure. Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting…
Read MoreKUALA LUMPUR (Jan 23): The role of quantity surveyors in the construction idustry cannot be understated as even more of them are needed currently, Public Works Minister Datuk Seri Alexander Nanta Linggi said. Like engineers and architects, quantity surveyors are very vital in carrying out every construction activity, he added. “They are directly involved in…
Read MoreKUALA LUMPUR (Jan 23): The Ministry of Investment, Trade and Industry (Miti) has set up an independent and special committee for Malaysia’s iron and steel industry to review and realign its direction towards achieving the objectives of the New Industrial Master Plan (NIMP) 2030. In a statement, Miti said the committee will, among others, assess…
Read MoreKUALA LUMPUR (Jan 23): LBS Bina Group Bhd has issued the first tranche of sustainability sukuk, amounting to RM200 million, under its RM750 million Sukuk Wakalah Programme. “The company had on Jan 23 (Tuesday) issued its first issuance of Sustainability Sukuk Wakalah of RM200 million in nominal value, in the format of Asean Social SRI…
Read MoreKUALA LUMPUR (Jan 23): The government has extended the concession period with Express Rail Link Sdn Bhd by another 30 years to 2059, after seven years of negotiations since 2017, according to Transport Minister Anthony Loke Siew Fook. “This is the only extension [of the concession]. When the previous government talked about it in 2017, it…
Read MoreKUALA LUMPUR (Jan 23): Former chief executive officer (CEO) of IOI Properties Group Bhd Datuk Voon Tin Yow is set to come out of retirement and assume the role of CEO at Mah Sing Group Bhd, effective Feb 2, 2024. Voon, 66, with 40 years of experience in the construction and property development industry, will…
Read MoreBy Joseph Wong In the past, the ultimate aspiration was to own a vast expanse of land, yet the journey often involves a stopover in a compact unit, sometimes right in the heart of the city. Nowadays, with land scarcity and soaring prices, the dream of owning a spacious property may remain elusive for many….
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