Housing and Local Government Minister Nga Kor Ming said this scheme not only benefits traders with an annual income not exceeding RM250,000 but also offers interest rates as low as 4% based on the monthly balance, equivalent to a fixed annual rate of 2.
Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May shared that the REIT is currently in closed talks with potential acquisition targets valued at RM300 million with heavy inclination towards industrial.
The cautious stance comes as the central bank on Wednesday decided during its first monetary policy meeting of the year to hold the benchmark rate steady at 3%, a move unanimously expected by the market.
The real estate investment trust (REIT) announced a distribution of 1.
“We have been actively managing our balance sheet to create room for acquisitions and if we have a choice, we would be keen to deploy some of our capital again in the industrial and logistics area,” said Tan Choon Siang, the chief executive officer of the trust's manager, CapitaLand Malaysia REIT Management Sdn Bhd.
“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said.
"The federal government will continue to increase the number of PPR units to meet the growing housing needs of the people each year.
Nik Nazmi said the government had taken a proactive measure to minimise fraudulent activities involving land ownership by developing the e-Tanah system, which allows various land administration processes to be done online.
“With this guide, we are equipping boards to not only meet global standards but to lead with purpose and resilience in shaping a sustainable future for Malaysia.
Minister Nga Kor Ming said that some of the key initiatives include amending laws related to community service sentences for minor offences such as littering, tabling the Urban Renewal Bill, and efforts to train more skilled subject experts.
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