MALAYSIA’S economic growth is expected to fall to 4.5% in 2020 partly due to an expected surge in inflation to 2.4% in 2020, said MIDF Investment Bank Bhd (MIDF Research). Higher inflation will cause economic moderation for Malaysia next year as it will affect domestic demand, MIDF Research economist Muhammad Zafri Zulkeffeli said. The targeted...
Read morePUTRAJAYA (Dec 19): Malaysia’s coffers swelled by more than RM4 billion following renegotiations between the Ministry of Finance (MoF) and private developers over the terms of contract involving the Bandar Malaysia project. Finance Minister Lim Guan Eng said the government decided to proceed with the RM140 billion project after renegotiating for “the best terms for...
Read moreEvery day for the past 20 years, Chen Chong Hing takes a 15-minute drive to Kg Baru Salak South to have breakfast at his favourite kopitiam in the village with his friends. This is not surprising since Chen had previously lived there for more than 45 years before he moved in 1998. Yet, his ties with the...
Read moreWhat’s all this hype over 5G, or fifth generation mobile network technology, to be exact? For one, the speed of wireless networks will be greatly increased, thus reducing latency or slow response. The federal government in tabling Budget 2020 in Parliament on Oct 11 stated that a 5G Ecosystem Development Grant worth RM50 million will...
Read moreECO World Development Group Bhd (EcoWorld Malaysia) is buying 200 acres (80.9ha) of freehold land in Iskandar Puteri, Johor, from Khazanah Nasional Bhd and Iskandar Waterfront Holdings Sdn Bhd (IWH) for RM304.92 million to develop homes for the M40 (Middle 40%) income group. In a statement yesterday, the group said its subsidiary, Melia Spring Sdn...
Read moreKUALA LUMPUR: Damansara Realty Bhd, through its subsidiary DAC Land Sdn Bhd and Johor-based partner Active Estates Sdn Bhd has launched Business Boulevard @ Central Park, set to be its latest commercial development in Tampoi, Johor Baru. The project, which has an estimated gross development value of over RM150mil, is the third instalment of Aliff Square...
Read moreAS THE current economic situation continues to be uncertain, a study done by PHD Malaysia and Vase.ai revealed that consumers are not so optimistic when it comes to their personal finances for next year. The study pointed out that while consumers are relatively positive towards next year’s economy, 57% of the consumers expressed some reservation...
Read morePROPERTY loans remain the biggest threat to Malaysian banks next year amid rapid price appreciation in recent years, according to Moody’s Investors Service Inc. The rating agency’s 2020 outlook report for Asia-Pacific banks stated that risks from property loans will persist in Asia Pacific, but pose a greater risk for banks in Malaysia, Australia and...
Read moreYTL Developments UK will build one of the world’s largest indoor entertainment arena in Bristol, United Kingdom (UK), targeted to be ready by 2023. The arena would generate £1.5 billion into the local economy over a 25-year period, said the company’s director Datuk Yeoh Seok Hong. Hong said that the planning application has been submitted...
Read moreAN iconic building is one that captivates a city or even a nation. Iconic buildings are most successful when there is a socio-cultural layer to their development, says Hannes Pfau, partner at UNStudio, an Amsterdam-based architecture company. “The urban fabric of Kuala Lumpur has many examples of modernist architecture that have an added richness because...
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