News by Cindy Yeap

A couple of figures struck as an anomaly: 7% households earned at least RM5,000 a month, while 2% above RM7,000 a month as at September this year.

Current rental rates of PPR under DBKL range from RM95 to RM135 per month.

Lack of awareness is one reason government aid is not reaching enough people whom social programs are meant to assist, representatives from two United Nations agencies here said after reviewing a study on the impact of Covid-19 on low-income households.

"The suspension of Parliament does not mean there would not be a 2021 Budget (slated to be tabled on Nov 6). It would just mean that the budget would not need parliamentary approval," the source said, adding that the entity that assumes emergency power to run the government alone will decide on the budget.

While there were also requests for a bigger amount of aid, DM Analytics managing director Muhammed Abdul Khalid said many low-income households surveyed wanted assistance that can have a more lasting impact on their livelihoods, such as equipment to start a burger stall, a place to sell goods or a microloan to start their own business.

While "20th Century Fox" has been dropped from the name from its multibillion-ringgit outdoor theme park, the new outdoor theme park will still feature movies from 20th Century Fox as well as other unnamed "international class" movie-themed attractions

Najib said yesterday he had no knowledge that the super yacht was bought using 1MDB money.

BNM had said the land, combined with its existing assets, will be designated and integrated as a world-class education hub for financial services.

IT is better to invest in property than buy a car, which depreciates in value. One should also spend within one’s means. What’s often unsaid in these old adages is that one should only borrow what one can comfortably repay, even when it comes to “productive debt” for an appreciating asset.

Most Malaysians want to own a home, and buying real estate has traditionally been a good inflation hedge. First-time homebuyers might welcome being able to withdraw more money from their Employees Provident Fund (EPF) retirement nest egg to buy a home — if indeed the government raises the withdrawal ceiling (Account 2) to 40% from 30% come Oct 21 when Budget 2017 is tabled in Parliament.