Hong Leong Investment Bank (HLIB) Research has maintained its “Neutral” rating on the construction sector and said it prefers to take a longer term view. In a sector update on Monday (July 3), the research house said domestic re-rating catalysts are well anticipated by the market.

With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.

Top Builders Capital Bhd, which previously delayed the release of its annual report for the financial year ended June 30, 2022 (FY2022) to complete a forensic audit on irregularities found in the group's scheme of arrangement, now says it did not appoint any forensic auditors to look into the matter due to budgetary constraints.

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.

Bagaimana prestasinya setakat ini dalam memimpin kementerian tersebut? Dengan mencapai 100 hari pada awal bulan ini, EdgeProp meninjau usaha penting yang dilakukan oleh ahli Parlimen Teluk Intan tersebut.

“I am aware that my duties and responsibilities in KPKT are big and challenging with a wide range of stakeholders and target groups… therefore, I promise to do my best to carry out my responsibilities, to ensure the aspirations of the Unity Government can be achieved as soon as possible.”

Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.

Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.

He said the Prime Minister Datuk Seri Anwar Ibrahim has signalled through the Budget 2023 that the government is moving in the direction of helping the poor and expecting the high income earners to contribute.  

The revised national Budget 2023 tabled by the 10th Prime Minister, Datuk Seri Anwar Ibrahim today unveiled the biggest ever allocation of RM388.1 billion, an upward revision from the RM372.3 billion budget announced on Oct 7, 2022.