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Business

China firms may take a beating from forex losses

THE devaluation of the yuan, coupled with the weakening ringgit against most currencies, is expected to saddle Chinese companies with foreign exchange (forex) losses as a result of huge US-dollar debts at a time when the Johor property market is slowing down.

Business

HP faces uphill battle with newly minted PC unit

SEATTLE/SAN FRANCISCO: Hewlett-Packard Co's Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company's computer and printing business. But some on Wall Street are skeptical.

Business

Can Konsortium Rangkaian Serantau make it this time? (Update)

KONSORTIUM Rangkaian Serantau Sdn Bhd (KRS) was set up in 2011 with an aim to buy international bandwidth for Internet traffic to lower the cost of Internet protocol (IP) transit traffic. But three years later, it has only inched forward from where it started. The company found that the challenges were insurmountable.

Business

Latest government cooling measures can help stabilise property market

THERE are many ways to stabilise the residential property market and the latest measure by the Government to curb bulk buying is a step in the right direction to ensure a more equitable market that is led by real demand.

Business

RHB Research maintains Neutral on Malaysian property

KUALA LUMPUR: RHB Research is maintaining its Neutral recommendation on the Malaysian property sector on news the government is mulling to impose a new policy to curb property bulk buying and stop the Property Investors Club (PIC) concept.

Business

Property investment is not riskless

EARLIER this week, a developer signed an agreement valued at about RM100mil with a company that “specialises in wealth management through property marketing and risk management.”

Business

Property sector measures in Budget 2014 hailed

PETALING JAYA: Describing the proposals for the property sector as “apt, correct and measured”, property professionals said Budget 2014 will curb excessive speculation and help to solve affordability issues besetting the housing market.

Business

Budget 2014: Property measures timely

PROPERTY consultants and analysts described the proposed new real property gains tax (RPGT) regime and the removal of the developers interest bearing scheme (DIBS) as both timely and much needed in view of the speculation in the property market of late.