News by Arjuna Chandran Shankar

The MoU will look at sharing information and experience in housing finance, mortgage and financial instruments between Malaysia and Korea.

"The act will cover the tenant as well as the landlord, right now we don't have any tribunal if the tenant has a dispute with their landlord, that is why we want a Residential Tenancy Act."

Priced from RM440,600 per unit, the floor area ranges from 1,915 sq ft to 1,966 sq ft.

“When you look at the US economy, the labour market is at full employment, job creation is at an all time high and wages are still increasing.”

“It is not a two-dimensional thing that we look at. It is a complex and multi-faceted area that we look at,” Governor Datuk Nor Shamsiah Mohd Yunus noted, when asked whether BNM will cut OPR.

Bank Negara: As a result of the continued employment and income growth, household spending will stand to benefit, as more people have more disposable income.

“To illustrate this point, if a Malaysian worker produces output worth US$1,000, the worker will be paid US$340 for it. The corresponding wage received by a worker in benchmark economies for producing the same output worth US$1,000 is, however, higher at US$510.80,” the report said.

There is also a tendency for households to only remember price increases and not decreases. This is called memory bias and can be measured by the Perceived Price Index (PePI), BNM said.

BNM governor Datuk Nor Shamsiah Mohd Yunus: "Looking into 2019, there will be continued availability of credit as banks are targeting loan growth.”

Revenue for the quarter ended Jan 31, 2019 dropped 33.78% to RM114.5 million, from RM172.92 million previously.