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Buying a house is mission impossible for many Americans

Buying a house is mission impossible for many Americans

Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by US$100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. “I’ve visited approximately 150 houses since 2019,” frustrated...

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The time to invest is now

The time to invest is now

“BE fearful when others are greedy and greedy when others are fearful,” is a famous quote by billionaire investor Warren Buffett (pic) made more than three decades ago. This quote is relevant now. Some investors fear the impact of the 40-year record high inflation which is driving up prices of goods and services, and in...

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Inflationary consequences

Inflationary consequences

SARAVANAN, a minimum wage worker, complains about how he has to pay almost RM10 more for five kg of cooking oil in a span of just two years. “The price of vegetables, poultry products and processed items have all increased significantly. The only thing that doesn’t increase as much is my salary. “I’m not the...

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You can now buy a home as an NFT

You can now buy a home as an NFT

PARIS: Real-world real estate in NFT form? That’s right, forget the craze for buying virtual real estate in the metaverse, now it is the purchase of bricks-and-mortar properties through non-fungible tokens that is starting to emerge. In February, a house in Florida was sold via NFT at auction for $653,000. And this is just the...

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A bubble that never pops

A bubble that never pops

THE National Property Information Centre recently released statistics on the performance of the Malaysian property market for 2021. While the headline numbers showed the number of transactions surpassed the 300,000 unit threshold level, up by 1.5% year-on-year(y-o-y), the data is still below the pre-pandemic level when the number of transactions hit 328,647 units in 2019....

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Far East Consortium’s casino & resort complex in Brisbane will gradually open beginning mid next year

Far East Consortium’s casino & resort complex in Brisbane will gradually open beginning mid next year

The Queen’s Wharf Brisbane integrated casino and resort complex, backed by a pair of Hong Kong heavyweights including Malaysian billionaire Tan Sri David Chiu’s the Far East Consortium, is set to open gradually beginning in mid-2023 and transform Brisbane’s riverfront. Far East’s partner in the A$3.6 billion complex is New World Development chairman Henry Cheng’s...

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EcoWorld International has received “large offers” from investors for its projects in the UK and Australia

EcoWorld International has received “large offers” from investors for its projects in the UK and Australia

Eco World International Berhad (EcoWorld International) has received several “large offers” for its projects in the United Kingdom (UK) and Australia from institutional and retail investors. According to the company’s president and chief executive officer, Datuk Teow Leong Seng, the offers are currently being evaluated. “Should we decide to proceed with these offers, our plans...

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NagaCorp continues with Naga 3, its third casino project in Cambodia despite setbacks in Russia

NagaCorp continues with Naga 3, its third casino project in Cambodia despite setbacks in Russia

NagaCorp Ltd will continue building its third casino, Naga 3, within the NagaWorld complex in Phnom Penh, Cambodia, while suspending operations in Russia following the war with Ukraine. The Cambodian hotel and casino complex operator announced last week that it had halted construction of the Naga Vladivostok gaming and resort development complex in Russia, which...

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Hong Kong Office Market Enjoys Stronger User Demand

Hong Kong Office Market Enjoys Stronger User Demand

According to JLL’s latest Hong Kong Property Market Monitor Report, overall Grade A office leasing activity recorded net absorption of 647,100 square feet in January 2022, just before the pandemic took a turn for the worse. Hong Kong’s office market recorded positive net absorption for the fourth consecutive month, thanks to improving occupier demand and...

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Malaysia to become a hub for SiC and GaN semiconductors thanks to RM9 billion investment from Infineon

Malaysia to become a hub for SiC and GaN semiconductors thanks to RM9 billion investment from Infineon

German semiconductor manufacturer Infineon Technologies will be building a third manufacturing line, or module, at its Kulim plant in Kedah, Malaysia. More than EUR2 billion (RM9.4 billion) will be channelled into the construction of this third module which will be responsible for boosting the production of wide bandgap semiconductors based on silicon carbide (SiC) and...

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