Market News
05 Nov
2010
M'sia moves up in Financial development index, overtakes S'pore
Malaysia rose by an impressive five spots to get into the top 20 countries in the World Economic Forum's financial development index this year, bolstered by significant increases in its scores, especially in the financial stability area, where it even overtook Singapore.
04 Nov
2010
World Bank: Malaysia Moves Up In Ease Of Doing Business
Malaysia has moved up to 21st position in the World Bank Doing Business Report for 2011. The report, released today, ranks 183 countries in terms of the ease of doing business and marked Malaysia's improvements from its 23rd position in 2010.
04 Nov
2010
Support for Bank Negara’s housing LVR cap move
Bank Negara’s imposition of a maximum loan-to-value ratio (LVR) of 70% for a third and subsequent housing financing facility taken by a borrower is seen as a timely pre-emptive measure to avert unhealthy speculative activities and a potential property bubble, industry players concurred.
29 Oct
2010
15% tax rate in Iskandar only for certain target group
Knowledge workers in Malaysia who are considering packing up to move to Iskandar Malaysia in Johor to take advantage of the 15% income tax rate proposed a year ago, better think again. The incentive is not for those who are already employed in the country. Instead, it appears that the main target group is knowledge workers based overseas.
27 Oct
2010
KLIB unit to sell land for RM58mil
Equine Capital Bhd’s wholly-owned subsidiary Kuala Lumpur Industries Bhd (KLIB) has proposed the disposal 14-storey purpose built office building known as Wisma KLIH located at Jalan Bukit Bintang, Kuala Lumpur.
25 Oct
2010
KL-S’pore high-speed link proposal to be made soon
A proposal for a high-speed train from Kuala Lumpur to Singapore using the magnetic levitation (maglev) technology will soon be submitted to the Government, industry sources said.
23 Oct
2010
Puncakdana plans RM1.5b Ara Damansara project
Property developer Puncakdana Group plans to build 11 corporate buildings worth some RM1.5 billion in Ara Damansara, Selangor, as it is bullish on demand for office space.
23 Oct
2010
Warisan Merdeka – a beacon to PNB’s future
The 100-storey 5-star green building is set to attract more interest to the whole development.
22 Oct
2010
SP Setia plans 40 corporate office buildings worth RM5bil in Setia City
SP Setia Bhd plans to set up about 40 corporate office buildings in its 96ha integrated green commercial hub, Setia City that is worth RM5bil in gross development value when completed in 10 to 15 years.
21 Oct
2010
Bangunan MAS to be upgraded
Permodalan Nasional Bhd (PNB) is planning to upgrade Bangunan MAS into a Grade A++ office building and a new five-star hotel apartment block will be added on the site, said president and group chief executive Tan Sri Hamad Kama Piah Che Othman yesterday.