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Beat of the Nation
Sun, 20 Oct 2019, 11:02 PM
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When the property market crashes…
I hope many of my good friends do not get their wishes come true.
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KPKT wants state govts to set suitable property ceiling price for foreigners
KUALA LUMPUR (Oct 20): The Ministry of Housing and Local Government (KPKT) has asked the state governments to set appropriate property ceiling price for foreigners in their respective states.
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Jho Low's yacht on the market again, but more expensive this time
PETALING JAYA (Oct 20): The superyacht that was once owned by fugitive businessman/dealmaker Jho Low is back on the market again, according to reports.
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FundMyHome at InvestSmart Fest 2019
KUALA LUMPUR (Oct 19): FundMyHome is taking part in the InvestSmart Fest 2019 at the Mid Valley convention centre here.
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Lower property price threshold for foreigners: It could attract Singaporeans
KUALA LUMPUR (Oct 19): There could be “some positive reaction from Singaporeans” when the foreign property price threshold reduction from RM1 million to RM600,000 kicks in, a property expert told ...
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Burst pipe: Bandar Utama's water supply restored
KUALA LUMPUR (Oct 19): Water supply to Bandar Utama has been restored since midnight today following supply disruption owing to burst pipe yesterday.
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Number of flood victims in Perak increasing
IPOH (Oct 19):  As of this afternoon, 278 victims from 81 families were housed at three temporary relief centres (TRC) in three districts in the state, namely, Hilir Perak, Larut Matang and Selama an...
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12 to 24-hour scheduled water supply disruption in southern areas of Penang Island on Monday
GEORGE TOWN (Oct 19): About 200,000 water consumers are expected to experience supply disruptions for 12 to 24 hours from 10 am on Oct 21, following a water pipe burst incident in Jalan Bukit Gambir n...
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Simpang Pulai-Cameron Highlands road stretch closed due to landslide
IPOH (Oct 19): A 100m northbound stretch of Jalan Simpang Pulai-Cameron Highlands Road is closed to all vehicles due to landslide that occurred early today.
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EPF PJ land 'ripe for redevelopment', says valuer
PETALING JAYA (Oct 17): What can be developed on the site of the former Employees Provident Fund (EPF)’s PJ office (pictured)?
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Rehda's Soam: A property market crash will lead to wealth destruction
KUALA LUMPUR (Oct 19): The property sector has “multiplier effects” on more than 140 industries in the country, and any property market crash will lead to wealth destruction for the people, Real E...
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Rehda: Lowered property threshold for foreigners not to bail out developers
KUALA LUMPUR (Oct 19): The Real Estate and Housing Developers’ Association Malaysia (Rehda) has dismissed claims that the lowered property threshold is meant to bail out property developers.
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1MDB: Federal govt recovers RM9,560.96 from Sabah LDP
KUALA LUMPUR (Oct 19): RM9,560.96 of RM509,560.96 seized from Sabah Liberal Democratic Party (LDP) following the 1Malaysia Development Berhad (1MDB) scandal will return to the federal government’s c...
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Soil erosion: Five more occupants evacuated from Kg Baru PKNS flats
KUALA LUMPUR (Oct 19): Another family of five has been evacuated from the Selangor State Development Corp (PKNS) flats in Kampung Baru here, due to soil erosion in the area which occurred after Thursd...
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Econpile inks RM43.98m piling and substructure works contract for Tropicana Gardens
KUALA LUMPUR (Oct 19): Econpile Holdings Bhd has inked an RM43.98 million contract to undertake  demolition, earthworks, piling and substructure works for the Tropicana Gardens mixed development in K...
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MMAG buys Penang land from Dynaciate for RM41m to expand logistics business
KUALA LUMPUR (Oct 19): MMAG Holdings Bhd is buying a piece of land together with buildings in Penang from Dynaciate Group Bhd, formerly known as Tatt Giap Group Bhd, for RM41 million to expand its log...
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Give developers of TOD projects option to reduce car park bays: Transport Minister
KUALA LUMPUR (Oct 19): Transport Minister Anthony Loke (pictured) has proposed that transit-oriented development (TOD) projects be given relaxation to reduce the number of car park bays as a measure t...
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Price of RON97 increases one sen, RON95, diesel unchanged
KUALA LUMPUR (Oct 18): The retail price of RON97 petrol will be higher by one sen per litre at RM2.68 while the prices of RON95 petrol and diesel will remain the same, at RM2.08 and RM2.18 per l...
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I never agreed with the hotel purchase: FIC ex-CEO
KUALA LUMPUR (Oct 18): Former Felda Investment Corp Sdn Bhd (FIC) chief executive officer Mohd Zaid Abdul Jalil told the High Court here today that it was only him who disagreed with the purchase of M...
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Dengue fever cases in Perak on the rise
IPOH (Oct 18): A total of 2,486 cases of dengue fever have been reported in Perak between Jan and Oct 12 this year, an increase of 13.1% from 2,198 cases for the corresponding period last year.
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Najib gives statement to Bukit Aman over Facebook posting
KUALA LUMPUR (Oct 18): Former prime minister Datuk Seri Najib Abdul Razak spent almost two hours at Bukit Aman Federal Police Headquarters to record his statement regarding alleged defamatory remarks...
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Hearing to transfer Abdul Azeez's case to High Court on Nov 28
KUALA LUMPUR (Oct 18): The High Court today set Nov 28 to hear the prosecution's application for transferring the case of Baling MP Datuk Seri Abdul Azeez Abdul Rahim who is facing three corruption ...
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Otters found near KLIA: Report
KUALA LUMPUR (Oct 18): Otters have been found to be living near Kuala Lumpur International Airport (KLIA) in Sepang, Selangor, reported the Malay Mail today.
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Positive feedback on proposed Penang LRT, says CM
GEORGE TOWN (Oct 18): Of 16,140 feedback received on the proposed light rail transit (LRT) project for Penang, only 2.35% objected.
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Guan Eng: Higher global growth forecast in tandem with Malaysia’s GDP projection
KUALA LUMPUR (Oct 18): The forecast improvement in global economic growth to 3.4% next year from 3% this year is in tandem with the country’s higher projected gross domestic product (GDP) expansion ...
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Best to rent, some say. I am okay! What’s the action?
I love questions when I speak.
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1MDB forfeiture suit: High Court records consent judgment between prosecution and LDP
KUALA LUMPUR (Oct 18): The Liberal Democratic Party (LDP) of Sabah today managed to get RM500,000 that was frozen in its account following forfeiture proceedings today, after the prosecution from the ...
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No third party makes claim on more than RM2m seized from Pahang Umno
KUALA LUMPUR (Oct 18): No interested third party appeared before the High Court here today to claim the RM2,479,300.18 linked to the 1Malaysia Development Berhad (1MDB) that was seized by the Malaysia...
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Feb 5 hearing of application to forfeit money seized from Johor Bahru BN
KUALA LUMPUR (Oct 18): The High Court here today set Feb 5 next year to hear the prosecution's application to forfeit RM677,872.55 that was seized from the Johor Bahru Barisan Nasional (BN) division t...
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MACC: Only 10% of those served with compound agree to pay fines for using 1MDB funds
PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) said only 10% of 80 individuals and entities who were served compounds to return money from 1Malaysia Development Berhad (1MDB) have agreed t...
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Musa Aman acquitted of five out of 35 corruption charges
KUALA LUMPUR (Oct 18): Former Sabah chief minister Tan Sri Musa Aman has been acquitted of five charges, amounting to about US$13.04 million (RM54.49 million), out of his 35 corruption charges at the ...
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Negeri Sembilan state govt to look into proposed multi-storey car park at Sungai Gadut KTM station
SEREMBAN (Oct 18): The state government is studying the proposal to build a multi-storey car park at the Sungai Gadut KTM commuter station in Senawang, Negeri Sembilan, said Paroi state assemblyman Mo...
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UEM Edgenta saves RM23.6m in govt hospitals through energy efficiency efforts
KUALA LUMPUR (Oct 18): Asset management and infrastructure solutions company, UEM Edgenta Bhd helped saved RM23.6 million in total for 32 government hospitals in the northern region of Peninsular Ma...
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EdgeProp Study Tour: An opportunity to gain ideas and network
It was a study tour to remember for the 15 chieftains of prominent property development companies in Malaysia as well as members of EdgeProp Malaysia’s Best Managed Property Awards judging panel whi...
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MARC downgrades MEX II Sdn Bhd's RM1.3b sukuk
KUALA LUMPUR (Oct 18): Malaysian Rating Corp Bhd (MARC) has downgraded MEX II Sdn Bhd’s RM1.3 billion sukuk and RM150 million junior bonds from AA-IS and A- to AIS and BBB respectively, due to risin...
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PM: Govt to study rail system and emulate Tokyo Station's efficiency
KUALA LUMPUR (Oct 18): The Government will undertake a study on how to ensure Malaysia's rail system is fully utilised.
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Stay in Barbie’s ‘Malibu Dreamhouse’: Airbnb
LOS ANGELES (Oct 18): Barbie fans can now have a sleep over at Barbie doll’s dream house, thanks to Airbnb, according to a report by AFP-Relaxnews yesterday.
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Selangor Dredging’s RM71m land disposal in Damansara Heights falls through
KUALA LUMPUR (Oct 18): Selangor Dredging Bhd’s proposed disposal of 16 pieces of freehold land in Damansara Heights for RM71 million has fallen through.
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Perak Corp's unit defaults on RM280m syndicated loan repayment
KUALA LUMPUR (Oct 18): Animation Theme Park Sdn Bhd (ATP), a 51%-owned unit of loss-making Perak Corp Bhd (PCB), has defaulted on its repayment of a syndicated term loan facility of up to RM280 millio...
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Seacera shareholders in another EGM bid to remove directors
KUALA LUMPUR (Oct 18): Seacera Group Bhd has received another notice from shareholders seeking an extraordinary general meeting to vote on boardroom changes.
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Auditor of Multi-Usage issues qualified opinion on financial statement
KUALA LUMPUR (Oct 18): The external auditor of Multi-Usage Holdings Bhd (MUH), Messrs UHY, has deemed the company’s financial statement as at 30 June 2019, to be a true and fair account except for t...
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Defence in 1MDB-Tanore trial accuses Shahrol of deceiving Najib about US$1b PSI deal
KUALA LUMPUR (Oct 18): The lead defence counsel in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) had yesterday accused a witness of lying to Datuk Seri Najib Abdul Razak about a US$1 billion inve...
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Petrol Subsidy Programme microsite back online with improved data security
PUTRAJAYA (Oct 18): The official Petrol Subsidy Programme (PSP) microsite https://psp.kpdnhep.gov.my, was back online at 1pm yesterday after its security issues were fixed.
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56 PR1MA development projects cancelled
KUALA LUMPUR (Oct 18):  A total of 56 development projects under the PR1MA Corporation Malaysia (PR1MA) valued at RM9.98 billion have been cancelled, the Housing and Local Government Ministry (KPKT) ...
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Ageing, Aged and Super-Aged. What’s that and why does it matter?
An ageing nation is when 7% of its population are 64 years old and above.
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Purchase of houses by foreigners from Jan to June just 0.4%: KPKT
KUALA LUMPUR (Oct 17): The number of houses bought by foreigners from January to June this year just stands at 398 units  (0.4 per cent) as compared to 99,524 units  (99.6 per cent) by Malaysians, a...
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MARA digital malls in two states closed due to low sales
KUALA LUMPUR (Oct 17): The operation of MARA digital malls in two states have been halted due to low sales rates, the Ministry of Rural Development (KPLB) said today.
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Online gambling operation busted in Cheras
KUALA LUMPUR (Oct 17): Police arrested 17 Chinese nationals, including a woman for allegedly operating an international illegal online gambling operation in an office building in Cheras last night.
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RTS to proceed, but will take some time: PM
KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will tak...
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Malaysia's A-G says no negotiation to drop charges against Goldman Sachs
KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment b...
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More flood victims return home in Sungai Siput
IPOH (Oct 17): The temporary flood relief centre (PPS) at Dewan Haji Mohamad Padil Kampung Lintang which housed 163 flood victims from 57 families following a flash flood in Sungai Siput was closed a...
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KIP REIT NPI rises 36%, declares 1.37 sen distribution
KUALA LUMPUR (Oct 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.5 million for the first quarter ended Sept 30, 2019, (1QFY20) from RM9.94 million in the p...
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PPA welcomes zero tax penalty for housing, healthcare withdrawals
KUALA LUMPUR (Oct 17): The Private Pension Administrator Malaysia (PPA) lauds the government's move to allow Private Retirement Scheme (PRS) members to make pre-retirement withdrawals for healthcare a...
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Malaysia 'open' to dropping 1MDB charges against Goldman Sachs
KUALA LUMPUR (Oct 17): The government and Goldman Sachs has been in talks for Malaysian authorities to drop criminal charges against three of the bank's subsidiaries connected to the 1MDB scandal, Att...
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Second flying car with new technology in Q3 next year: Minister
KUALA LUMPUR (Oct 17): The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development ...
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NTP 2019: Malaysia to coordinate all transport safety under a single entity
KUALA LUMPUR (Oct 17): There is an urgent need to strengthen safety guidelines, regulations and enforcements related to road safety to reduce road accidents and fatalities, which resulted in an estima...
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NTP 2019: Urban planning to integrate with public transport development
KUALA LUMPUR (Oct 17): The National Transport Plan (NTP) 2019 wants to encourage the use of public transportation as part of its move towards a greener transport ecosystem, by prioritising public tran...
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No more movement of Satok suspension bridge anchor block: PWD
KUCHING (Oct 17): The Satok Suspension Bridge here is now stable and no further movements of the anchor block are expected to occur, according to the Sarawak Public Works Department (PWD). The PWD, i...
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State govt to look at long-term income for fishermen affected by PSR
GEORGE TOWN (Oct 17): The Penang state government is working on the best ways to create long-term income for fishermen affected by the Penang Sea Reclamation (PSR) project.
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Setia City Mall Phase 2 targets to open by June 2020
SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to  a total of over 1.2 mi...
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Mestron bags MRT2 LED tunnel lighting job
KUALA LUMPUR (Oct 17): Mestron Holdings Bhd has accepted a Project Wide Supply Agreement with MMC Gamuda KVMRT (T) Sdn Bhd to supply and commission LED Tunnel Lighting for Mass Rapid Transit Laluan 2:...
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Sunway establishes private trust for student housing in UK
KUALA LUMPUR (Oct 17): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student...
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Trekking paths in permanent forest reserves in Perak closed for monsoon season
IPOH (Oct 17): All trekking paths in permanent forest reserves under the jurisdiction of the Perak Forestry Department will be closed for three months, effective this Nov 1.
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Kualiti Alam cannot be closed down immediately: Aminuddin
SEREMBAN (Oct 17): Kualiti Alam Sdn Bhd (Kualiti Alam), the operator of the country's only integrated waste treatment plant, is working to reduce its scheduled waste disposal in stages, said Negeri Se...
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Selangor records 49 deaths from dengue since January
SHAH ALAM (Oct 17): Forty-nine deaths from 57,980 dengue cases were recorded throughout Selangor from January to Oct 12.
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Vizione's JVco shortlisted to construct Papar dam in Sabah
KUALA LUMPUR (Oct 17): Vizione Holdings Bhd’s joint venture company (JVco) with Pembinaan Maju Cemerlang Sdn Bhd (PMCSB) has been shortlisted by the Sabah State Water Department (JANS) to design and...
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Two months to complete Fuel Subsidy Programme mechanism: Saifuddin
KUANTAN (Oct 17): The Ministry of Domestic Trade and Consumer Affairs has two months to complete the Fuel Subsidy Programme (PSP) mechanism for the middle-income group (M40), said its Minister Datuk S...
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PLUS to introduce smartlane test initiative on NKVE
KUALA LUMPUR (Oct 17): Beginning Oct 23, PLUS Malaysia Berhad (PLUS) plans to introduce a SmartLane Test Initiative manually to overcome traffic congestion along the Setia Alam route to the Shah Alam ...
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Penang govt mulls raising parking charges in upscale areas
GEORGE TOWN (Oct 17): The Penang state government is considering the possibility of increasing parking charges in elite areas or at “high-value” land locations.
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Now everyone (residential or commercial unit owners) pays the same for a mixed development.
These days, maintenance fees per sq ft basis seem to be getting ever higher.
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Speaking in Singapore: The Effects of HOC Extension on Malaysia’s Property Demand
The Home Ownership Campaign (HOC) was a campaign to help more Malaysians own a home.
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Can ministers live with RM1,200 a month? If not, minimum wage hike too little: Wong Chen
KUALA LUMPUR (Oct 16): The implementation of RM1,200 minimum wage a month as proposed in Budget 2020 should be revised higher, unless Cabinet ministers themselves could live with that level of salary,...
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Isa Samad trial: Witness says FIC rejected hotel buy twice but Najib wanted firm to reconsider
KUALA LUMPUR (Oct 16): The High Court here was told that former prime minister Datuk Seri Najib Razak asked Felda Investment Corp Sdn Bhd (FIC) to reconsider the purchase of the Merdeka Palace Hotel &...
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1MDB director Casey Tang gave ‘okay’ to sign JV agreement with PSI impostor, says ex-1MDB CEO
KUALA LUMPUR (Oct 16): 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted to inking a joint venture (JV) agreement between 1MDB and an impostor JV partner in 2009, despite noticin...
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Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair o...
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Close attention must be given to income, wealth distribution to eradicate poverty: Dr Mahathir
KUALA LUMPUR (Oct 16): Malaysia has made considerable strides in its poverty eradication efforts but problems relating to poverty persist and require policy attention, said Prime Minister Tun Dr Mahat...
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1MDB audit report tampering: Prosecution to prepare over 40 witness statements
KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing ov...
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1MDB only performed 'oral due diligence' on PSI prior to US$1b investment into JV: Witness
KUALA LUMPUR (Oct 16): What sort of due diligence did 1Malaysia Development Bhd (1MDB) perform on PetroSaudi International Ltd (PSI) before spending US$1 billion on a joint venture (JV) with the Saudi...
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Lebanese jeweller's RM60m suit against Rosmah in limbo as court will only decide on trial day if it will proceed
KUALA LUMPUR (Oct 16): The trial involving Lebanese jeweller Global Royalty SAL's US$14.79 million (RM60 million) suit against Datin Seri Rosmah Mansor, which was scheduled to begin on Tuesday (Oct 22...
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Value of Tabung Haji's domestic equity investment up at RM7.8b
KUALA LUMPUR (Oct 16): The value of Lembaga Tabung Haji’s (TH) domestic equity investment rose by RM1.12 billion to RM7.8 billion as of Sept 27 compared to RM6.36 billion last year.
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