Here’s what got the chop in the latest budget
BIG TICKET INFRA PROJECTS THAT HAVE BEEN EITHER AXED OR SHELVED There was plenty of trepidation in the lead up to Budget 2019, which was tabled on Nov 2. In weeks prior, the language from the government seemed cautionary, lowering our expectations for a closet full of candies as... Read more
DANGER: Differential loan schemes can lead to bankruptcy
VIEWPOINT – The National House Buyers Association The recent announcement by the Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar on the eligibility of property developers being given money lending licence has raised some serious concerns which the National House Buyers Association (HBA) must address.... Read more
Khazanah: Malaysians borrow too much!
BY Chris Prasad Rising concern about Malaysians overreaching with their expenses was brought to head in the latest research report by the non-profit Khazanah Research Institute. In its findings, the institute found that Malaysians are borrowing too much and not saving enough. While household debt growth has moderated since... Read more
BSN’s Youth Housing Scheme targets 10,000
Bank Simpanan Nasional (BSN) is targeting over 10,000 new borrowers under its Youth Housing Scheme, said its deputy chief executive (strategy and communications) Kameel Abdul Halim. Despite having only attracted 2,000 borrowers since the scheme was launched in July last year, Kameel said the central bank’s decision to lower... Read more