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Asia seen continuing to be centre of growth
BY TOH KAR INNDomestic demand expected to spur economic activities in regionKUALA LUMPUR: Despite the outcome of Donald Trump’s presidency, Asia is expected to be the centre of growth, ultimately driven by domestic demand, according to an economist.Domestic demand in the region is improving and...
Busting the 3 Myths of Property Investing
Alex Yeoh, is a licensed financial planner who reckons that financial planning knowledge is one of the biggest investments that each and every one of us should not neglect.When it comes to property investment there are three commonly asked questions in the minds of most investors.However, due to...
Paramount earnings goes up 70%
PETALING JAYA: Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.9mil from RM14.1mil a year earlier, on higher contribution from its property division and higher student enrolments at its KDU University College.Revenue for the quarter ended June 30, 2016 rose 26% to RM145.3mil...
Updated list of bank interest rates
PETALING JAYA: Several local banks have revised their base rates (BR) and base lending rates (BLR) for the past three weeks, from the time when Bank Negara Malaysia (BNM) had reduced the Overnight Policy Rate (OPR) by 25 basis points to 3% last month.Property developers welcome the OPR reduction,...
Bank Negara instils governance
BY DANIEL KHOOBanks told to have effective whistle-blowing policyPETALING JAYA: In the wake of lapses in controls in some banks, Bank Negara has introduced guidelines that effectively compel banks to enhance their governance and put in place an effective whistle-blowing policy.As part of the...
DRB-Hicom finds new potential buyer for S’pore shopping mall
BY M. HAFIDZ MAHPARThe Verge shopping mall in Singapore.KUALA LUMPUR: Three months after aborting the deal to sell its 90% stake in The Verge commercial complex in Singapore, DRB-Hicom Bhd has identified a new potential buyer, Singapore-listed property development and construction group Lum Chang...
Mah Sing plans RM5bil Meridin East township in Pasir Gudang
Mah Sing Group senior chief operating officer James A. Bruyns speaking during a media briefing about its latest and largest township Meridin East township in Kong Kong, Pasir Gudang in Johor.JOHOR BARU: Pasir Gudang will soon see a facelift as developer Mah Sing Group brings its largest township...
Bank Negara to cut SRR to release more liquidity into banking system?
BY DALJIT DHESIPETALING JAYA: Expectations are building up for Bank Negara to reduce the statutory reserve requirement (SRR) by between 50 and 100 basis points (bps) this year to release more liquidity into the banking system amidst the slowing economy.This comes following the recent 25% bps cut in...
Singapore and Malaysia Rail line set to be completed in 2026
PUTRAJAYA: With the 2026 target set for the High Speed Rail service to be up and running, Prime Minister Datuk Seri Najib Tun Razak and his Singapore counterpart Lee Hsien Loong witnessed a key milestone for the project with the signing of the memorandum of understanding (MoU) here.The MoU for the...
Affin Hwang downgrades Amcorp Prop to Hold
Amcorp Prop will suffer a completion delay for a major London project.KUALA LUMPUR: Affin Hwang Capital Research has downgraded Amcorp Properties to Hold on the back of expected project delays and uncertainties ahead due to Brexit.The research house said on Friday Amcorp Prop will suffer a...