Malaysia records 1,304 new Covid-19 cases; Klang Valley sees spike with 567
The second-highest figure reported in a day
Reimposing blanket loan moratorium is not in the best interest of the economy, says BNM Governor
Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus: While it [a blanket moratorium] puts money in people's pocket in the short term, it creates a lot of economic distortions and has a negative impact on the economy.
BNM expects sustained recovery in private consumption
Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus: As domestic economic activities resume and external demand picks up, broad income conditions should also improve gradually and support spending
Bank Negara forecasts GDP growth of 6.5% to 7.5% but downside risks remain
Bank Negara Malaysia governor Datuk Nor Shamsiah Yunus: We recognise that the recent implementation of containment measures due to the resurgence of Covid-19 cases could somewhat affect our growth momentum in the final quarter of the year
BNM governor: Government still has additional fiscal space to support economy
"An expansionary fiscal policy has been necessary to support economic recovery the world over. What is key is the government's commitment to gradually embarking on a fiscal consolidation path in the medium term.”
MIDF downgrades property sector to neutral as recovery slowed by CMCO
The research house’s analyst Jessica Low Jze Teing said in a note today that while she had anticipated property sales to recover in the second half of 2020 (2H2020) due to incentives in Short Term Economic Recovery Plan (Penjana) and record low interest rate, she believed the worsening Covid-19 situation in Malaysia would derail the property sales recovery as the economic outlook turns uncertain.
Virtual meetings — the way forward in strata management
Datuk Chang Kim Loong: Virtual meetings bring a host of benefits and ideally shall remain an option even after the pandemic has been controlled. Virtual meetings could also encourage more people to take part in general meetings as they are just a few clicks away.
PMB Technology buys Sungai Besi property for RM30m
The land has been approved for the development of an apartment project known as The Suite Starz @ Sungai Besi.
First-of-its-kind awards
The objective of the Awards is to raise the bar on the quality and sustainability of Malaysian property, benchmarking it against the best-in-class globally.
BMSPA 2021 back with a new award category!
The first of its kind, EdgeProp Malaysia’s Best Managed & Sustainable Property Awards 2021 was introduced in 2017. The Awards’ objective is to benchmark and raise the bar on the upkeep quality and sustainability of real estate in Malaysia.
