News by THEEDGEMARKETS.COM

BNM said household debt growth was broadly sustained as at end-June 2021, expanding by 5.5% over the same period last year even as more borrowers resumed payments on their loans after exiting from loan moratoria

According to BNM’s Financial Stability Review report for 1H21 published on Wednesday, sustained demand from first-time house buyers for affordable property is expected to mitigate risks associated with a significant house price correction that could undermine household balance sheets and increase potential losses for banks

Scientex attributed the record revenue to stable packaging demand and higher sales of affordable homes in Malaysia

Justice Ahmad Shahrir in his decision to grant the acquittal said the learned deputy public prosecutor (DPP) applied not to continue prosecuting the accused, and he confirmed that former deputy finance minister Datuk Seri Ahmad Mwould not be made to face the same charges

In terms of the country’s adult population, 94% of adults in the country had received at least their first dose, including 85.1% who were fully vaccinated

The fifth consecutive day of the daily figure staying above the 200 mark

This comes after Hatten Land recently announced that it would repurpose its retail malls in Melaka for digital activities such as cryptomining and e-commerce, with these activities leveraging existing infrastructure and lower energy costs in Malaysia

Despite lower revenue, Tropicana's property development and management division still performed strongly and profitably, backed by strong sales and cost savings from projects, the group said.

The revised projection also takes into account the latest data which covers the time when the Delta variant broke into the Covid-19 situation, but the World Bank expects an even more heightened recovery for 2022 as corrections will kick in.

On Sept 24, High Court Justice Mohamed Zaini Mazlan dismissed Rosmah's application to declare the trial a nullity and found Sri Ram's appointment to prosecute her was proper.