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BNM says investment banks should not focus on commercial gains alone

KUALA LUMPUR: Investment banks demanding for the Broad Property Sector (BPS) guideline to be scrapped are taking a short-term view and should consider the long-term systemic implications of an over-exposure to the property sector and not just focus on their own commercial gains, said Bank Negara Malaysia (BNM).

Kenanga maintains Market Perform on Kimlun

KUALA LUMPUR: Kenanga Research is Neutral on Kimlun Corp Bhd following a briefing that fell in line with its expectations. It maintains its Market Perform call with an unchanged target price of RM2.27 based on applied 9.0x FY18E PER.

Rehda calls for exemption of GST on construction materials

KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) is calling for the exemption of the GST on construction materials for the development of affordable housing as part of the association’s wish list for the upcoming Budget 2018.

Rehda issues wish list for Budget 2018 proposals

KUALA LUMPUR: Real Estate and Housing Developers’ Association (Rehda) has unveiled its wish list for the upcoming Budget 2018 proposals ranging from measures to help people own homes to GST exemption on construction materials for affordable housing.

Property sector needs integrated database

THE Malaysian property sector is in need of an integrated database with comprehensive, statistical information that can be accessible to both consumers and developers.

CIDB wants Govt to cut machinery taxes in Budget 2018

KUALA LUMPUR: The Construction Industry Development Board (CIDB) has asked the Government to reduce taxes for construction machinery for the industrialised building system (IBS) projects to between 0% and 5% in Budget 2018.

Ajiya wants to expand partnership with SPNB

SHAH ALAM: Ajiya Bhd hopes that its partnership with the National Housing Company (SPNB) to use its industrialised building system (IBS) solution can be expanded in the future.

Rehda calls for easing of rules for first-time home buyers

KUALA LUMPUR: The Real Estate and Housing Developers' Association (Rehda) is appealing to the Government to relax regulations for first-time house buyers and properties below RM500,000.

Forest City master developer launches RM2.6bil IBS base

GELANG PATAH: In response to the nation’s call for a green and smart construction industry, Country Garden Pacificview Sdn Bhd (CPGV) – the master developer of Forest City, launched its Industrialised Building System (IBS) base with a projected cost of RM2.6bil.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm