21 October 2019: Limit car park lots; ‘Change TNB account name to hold tenants liable’

Limit car park lots to boost public transportation Boost the use of public transportation by limiting parking lots at housing developments located near LRT and MRT stations. Transport minister Anthony Loke proposed a pilot project whereby if there is public

18 October 2019: RTS to proceed; PPA welcomes tax-free withdrawals

JB-Singapore RTS to proceed, says Dr M Prime Minister Tun Dr Mahathir Mohamad has confirmed that the Johor Baru-Singapore Rapid Transit System Link (RTS) project would go ahead. He however said the government would need more time, before it could

Budget 2020 Real Estate Highlights & Commentary

With the Budget 2020 announced by Finance Minister Lim Guan Eng last Friday, the nation is abuzz with news and discussions about how it will affect Malaysians, as well as Malaysia’s economy. There is plenty to digest from the latest

17 October 2019: National Digital Inclusion Council to be formed; M’sia bottom 5 for PDP

Putrajaya to establish National Digital Inclusion Council to spur digital economy The government will set up the National Digital Inclusion Council to focus on creating digital economy income opportunities for the people, said Prime Minister Tun Dr Mahathir Mohamad. The

15 October 2019: Malaysia to regain ‘Asian Tiger’ status; States can set property price limit

Dr M: Malaysia aims to be South-East Asia’s Industry 4.0 hub Malaysia is targeting to be an Industry 4.0 hub in South-East Asia to regain its status as an Asian Tiger. Prime Minister Tun Dr Mahathir Mohamad said there was

14 October 2019: RPGT base year revised; Bandar Malaysia will proceed

RPGT base year revised to Jan 1, 2013 The base year for the Real Property Gains Tax (RPGT) has been revised to Jan 1, 2013 for assets acquired before the date, from Jan 1, 2000 previously. During the tabling of

10 October 2019: Maju offers to absorb RM2.7bil and reduce toll fares; Utusan will be back

Maju plans to absorb govt’s RM2.7b debt in new PLUS offer Maju Holdings Sdn Bhd has bumped up its offer to buy PLUS Malaysia Bhd by proposing to absorb the RM2.7 billion in toll compensation owed by the government to

9 October 2019: Subsidise public transport, not fuel; Leisure travel priority for retired Malaysians

Jomo: Subsidise public transportation, not fuel Prominent economist Professor Dr Jomo Kwame Sundaram has urged the government to subsidise public transportation instead of giving fuel subsidies as this would help the masses reliant on the former. He said the government

8 October 2019: RON95 price to be floated; Hoping for broader income tax bands, refined SST

RON95 price to be floated The price of RON95 will float according to the market once the targeted fuel subsidy scheme kicks off in January next year. Under the scheme announced by Domestic Trade and Consumer Affairs Minister Datuk Seri

7 October 2019: Exchange 106 is SEA’s tallest building; Khazanah not selling PLUS

Exchange 106 dethrones Twin Towers as Malaysia’s tallest building South-east Asia’s tallest building, standing at 492m, is now ready for occupation. With its completion, the Exchange 106 skyscraper has officially dethroned the Petronas Twin Towers, at 452m, as the tallest