KUALA LUMPUR: The National House Buyers Association (HBA) is proposing a housing price control mechanism to curb rising property prices and ease the country’s housing affordability issues. HBA vice president Datuk Goh Seng Toh said measures need to be put in place to prevent developers from hiking up property prices. “Some developers have a ‘teh-tarik’ syndrome, where if […]
Read MoreKUALA LUMPUR:: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7%, driven by private consumption. Lead economist for Malaysia Richard Record said private consumption would continue to be the main driver of growth, albeit expanding at a more measured pace. “Household spending will be buoyed by stable labour market conditions and income support measures such as the […]
Read MoreKUALA LUMPUR: The World Bank Group expects the revival of the East Coast Rail Link (ECRL) and Bandar Malaysia projects to have a positive impact on the country’s economic growth in the medium term. “Certainly, public investment would be supportive of growth in the medium term from a gross domestic product perspective,” lead economist for Malaysia Richard Record told reporters at the […]
Read MoreKUALA LUMPUR: Kuala Lumpur is likely to become a smart city by next year as Alibaba Cloud’s “Malaysia City Brain” pilot project is completed. The initiative will use Alibaba Cloud’s artificial intelligence programme as well as big data analytics to produce real-time traffic predictions using video and image recognition technologies to combat traffic congestion in […]
Read MoreKUALA LUMPUR: Kuala Lumpur recorded the highest inflation rate among the other states in the country in March at 0.9% from a year ago, compared with the national average of 0.2%. The Statistics Department said on Wednesday the higher inflation recorded in Kuala Lumpur was due to a 4.2% increase in food and non-alcoholic beverages […]
Read MorePETALING JAYA: Malaysian financial markets have remained resilient while conditions in the capital, foreign exchange (forex) and money markets continue to be orderly, according to Bank Negara and the Securities Commission (SC). In a joint statement issued yesterday, they said the orderly conditions were underpinned by ample domestic liquidity, robust market infrastructure and firm macro-economic […]
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