News about US

KUALA LUMPUR (March 15): Boustead Holdings Bhd inked a sale and purchase agreement (SPA) today with Singapore's Hotel Royal Ltd to sell its Royale Chulan Bukit Bintang Hotel for RM197 million, cash, just over two weeks after the Ministry of Defence (Mindef) said the sale wasn't a done deal.

KUALA LUMPUR (March 14): Utusan Melayu (M) Bhd has disposed of two adjoining semi-detached factories in Taman Shamelin Perkasa, Cheras for RM13.

PETALING JAYA: More developers are optimistic about the industry‘s performance and growth in the second half of this year (2H2019) although take-up rates for new launches are expected to remain at 50% and below.

KUALA LUMPUR (March 13): Bank Pembangunan Malaysia Bhd has launched a RM1 billion fund to support the nation's sustainable development target by incentivising more companies to adopt sustainable practices in their business strategies and operations.

KUALA LUMPUR (March 13): JCY International Bhd (JCY) has agreed to receive 133.

KUALA LUMPUR (March 13): Former defence minister Datuk Seri Hishammuddin Hussein has no objection to the investigation that will be carried out against him and former officers in the Defence Ministry (Mindef) over the alleged leakage of government funds believed to be in excess of RM500 million under the ministry's land swap deals involving development projects.

PETALING JAYA (March 12): There is talk that the maximum 40-year tenure offered to affordable housing loans may be extended to all mortgages too, as one of the counter measures to address the overhang issue straining the property market now.

  PETALING JAYA (March 12): The Housing and Local Government Ministry (KPKT) has reminded home owners and tenants of People’s Housing Programme (PPR) schemes that they are breaking the law if they rent out their units.

  KUALA LUMPUR (March 12): Malaysia’s financial sector appears resilient with sound profitability and liquidity indicators, as well as low non-performing loans, said the International Monetary Fund (IMF).

KUALA LUMPUR (March 11): A total of 227 buyers managed to buy government-linked homes under the Home Ownership Campaign (HOC) at the recently concluded Malaysia Property Expo (Mapex).