Rosli Dahlan: Sarawak Report's allegation of ties with CJ is criminal defamation
Rosli said Sarawak Report's owner, Claire Rewcastle Brown, has not contacted him for clarification on its allegations.
Genting Singapore-led consortium submits bid for Yokohama integrated resort
Genting Singapore is leading a consortium comprising Sega Sammy Holdings, Sohgo Security Services Co, Kajima Corporation, Takenaka Corporation and Obayashi Corporation
Former chief justice Arifin Zakaria to replace Zeti Aziz as PNB chairman
Zeti, who helmed PNB for nearly three years since her appointment in June 2018, is set to step down from the post as soon as coming Friday, when the asset management company will hold its annual general meeting, said sources.
Aspen reports 3.8 times growth in FY2020 earnings of RM71.4m; aims to accelerate rubber gloves manufacturing
The group noted that despite the tough economic impact of Covid-19, operating revenues were sustained from sales and construction of projects such as Vertu Resort and Beacon Executive Suites as well as sales from completed projects such as Tri Pinnacle and Vervea.
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Aspen to transfer listing to Mainboard from Catalist
“We are pleased to have received the approval in-principle from SGX,” says M Murly, president and CEO of Aspen
The Edge: Imposing a tax on unsold and vacant properties will be a disaster
Best to let the market sort itself out.
Najib's SRC Trial: Tuesday is D-Day for Najib verdict in SRC case
In the SRC case, the former finance minister faces one count of abuse of power in relation to his role in approving RM4 billion worth of loans from the Retirement Fund Inc to SRC International. In addition, the Pekan MP also faces three criminal breach of trust charges and three money-laundering charges in relation to RM42 million found in his bank accounts.
Boost home affordability with a more efficient property ecosystem
Home prices have risen rapidly since 1990, fuelled by historically low interest rates and enabled by the then government’s policies (such as home ownership campaigns, Developer Interest Bearing Scheme and a reduction in the real property gains tax) and banks’ aggressive lending for mortgages. As a result, home affordability has declined by half.
What ails the Malaysian residential property sector
Over the last few years, the Malaysian property market has been characterised by sluggish sales and a rising number of unsold homes. Developers are sitting on large stocks of inventories, which are stretching their balance sheets, funded by borrowings from banks, and the debt and capital markets, including issuing perpetual securities. The sector’s poor outlook is reflected in the low valuation of property stocks, most of which are trading at around one-third book value.
How did this situation come about?
