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‘Clearing has been going on non-stop’
Irresponsible activities: Rampant illegal land clearing activities and the greenhouse farming method used by farmers have badly affected Cameron Highlands.CAMERON HIGHLANDS: Land clearing activity on the highland has been continuing non-stop despite Ops Gading, said Regional Environmental Awareness...
Our household debt stands at RM1bil, says Chua
THE household debt of Malaysians stands at RM1,030bil or 89.1% of the gross domestic product (GDP).Deputy Finance Minister Datuk Chua Tee Yong said 62.6% of household debt in Malaysia was for long-term loans from banks and non-banking financial institutions for property acquisition and financial...
Raising the bar for theme parks
Choo believes there is room for more players in the local theme-park industry.ASIA has seen a burgeoning of theme-based attractions in the region and the industry has been a positive contributor to the economy.In Malaysia, local entities have proven themselves to be a force to be reckoned with even...
DBKL may allow houseowners to renovate up to maximum available space
BY VIJENTHI NAIRAlias said the leeway currently benefited those with small homes as the escalating property market has made many unable to upgrade to bigger houses.KUALA Lumpur City Hall (DBKL) is looking at the possibility of allowing all houseowners to maximise available space within their...
Residents say lack of action by authorities has caused haphazard parking to worsen
BY EDWARD RAJENDRAIt is a tight squeeze for motorists driving along Lorong 4/47A to enter Jalan 4/48B in Section 4, off Jalan Penchala in PJ Old Town, as cars are parked on both sides of the road including the road shoulders.WORKERS in Section 51, Petaling Jaya, who park their cars daily on the...
Mah Sing Foundation donates RM100,000 to help the disabled secure jobs
(From left) Syed Norulzaman, Leong, Lee and Daybreak corporate administration vice-president Puan Sri Sulvian Lim at the cheque presentation ceremony.MAH Sing Foundation, a charitable trust established by Mah Sing Group Berhad contributed RM100,000 to Daybreak Society.Established in 1992, Daybreak...
Residents upset over plans to allow public to use entrance
BY KATHLEEN MICHAELResidents of Bayan Villa meeting to voice their grouses.RESIDENTS of Bayan Villa town houses in Taman Bukit Serdang, Seri Kembangan, were a happy community when they bought the hilltop property that was surrounded by greenery.However, after moving in 2014, they faced various...
Lower interest rate poser
“Banks whose base rates closely track interbank rates, may eventually have to lower their base rates if the downtrend in interbank rates persists,” Maybank Investment Bank Research (Maybank IB). said.PETALING JAYA: Banks will likely have to cut their base rates – and consequently their...
Base rate raise by banks to relieve margin pressures, says Maybank IB
KUALA LUMPUR : The move by Public Bank Bhd and Hong Leong Bank Bhd to raise their base rates (BR) is a positive move in alleviating some of the pressure on their net interest margins (NIM) amid an environment of declining interbank rates, said Maybank IB Research.In a note today, the research house...
Lafarge facing stiff competition and higher costs, says Maybank IB Research
KUALA LUMPUR : Lafarge Malaysia's Bhd weaker first quarter earnings was reflective of the stiff competition and higher costs faced by players in the building materials segment, said Maybank IB Research.In a note today, the research house said that the company's quarterly earnings made up only 10%...