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The Bank Negara report showed what happened last year. I said that if things don't get better, the whole economy will be adversely affected which also means if things do get better, it'll be fine! So, if you think the Bank Negara report is a very positive report, then which part is positive...

The title of this forum is : A Singaporean's guide to Living In JB All the talk about Singapore, whether it is good or bad or worse is totally irrelevant here!

Whatever profits FC claimed to have made from the sales are all UNREALIZED profits, its only in the books and only on papers!! Profits in real terms comes only after the full completion of the project and handed over and all monies, including the retention money are fully collected. What they...

Following are the highlights of the 2016 Bank Negara Malaysia Annual Report: Malaysian economy projected to register a sustained growth of between 4.3 percent and 4.8 percent in 2017. * Bank Negara Malaysia declares dividend payout of RM2.5 billion to the government in 2016. * The current...

Besides the Forest City with a super high percentage of Mainlanders buyers, the other development by Chinese developers also have quite high percentage. Greenland at the Danga Bay is said to have about 70% Mainlander buyers while Princess Cove and Country Garden in Danga Bay should also have a...

It is nice to live on high floors with bird's eye view of the city and beyond. But later when the higher floors tenants move in they, may immediately realized that they can hardly make or receive calls from their mobile phone or surf the net.

Still too early to see what will happen later. This capital control thingy only just enforced but definitely it will trigger off a chain of reactions. Already happening now is the FC closing their China showrooms so, sales had kinda stopped. Then there is this group of buyers of no less than...

"Sultan Ibrahim clarified that the land is indeed freehold, but the title is held by the company, not the buyers. The buyers only hold the strata titles, which is also freehold. Prime Minister Najib Abdul Razak earlier said the Forest City properties were sold on a 99-year lease, but the...

Yes, this capital control is to curb the rapid and massive outflow of the RMB causing sharp fall in the exchange rate and the decline in the forex reserve which stood at about US$3.1 trillion. An equivalent of US$309.4 billion left China via RMB payments in 2016, the biggest annual amount in...

Last week, I had already anticipated that China's capital control will have a serious repercussion on the Forest City buyers and sure enough, SCMP followed up this week with a report on the same. If really much of the some 10,000 Chinese buyers decide to quit from the sales, you think the...

How China’s overseas property dream turned into a nightmare Capital controls mean people who signed up for flats in Malaysia cannot send money from mainland A report on today's South China Morning Post suggest that something very serious is happening in this project. A Mainland Chinese...

Bank Negara's updated One Year Historical Chart for the RM Exchange Rate against major currencies for reference. Seems like the direction is mostly one way for the whole year.

Short-term money goes out of Malaysia Foreigners have sold RM21.71bil (S$6.91 billion) worth of government bonds in the last three months, reducing their share of holding in the debt papers to 28.7 per cent as of end February from a peak of 34.7 per cent last year. So, the foreigners have not...

So you suggesting that even with a majority share holding, you also have to give in because they are an important partner. In business, you have to be firm when dealing with your partner and when you need to exercise your rights, you just do it! You know why the foreign press always mention...

Which is unfortunately, quite true. But any raise in the min price will be meant for future new launches, those already launched will not be affected, like the last RM1mil case.

This is for the guy who still think that the Aramco/Petronas 50/50 joint venture is not an issue. Right now, before the can agree on the additional concession, the two parties are still haggling over : Who shall be doing the overall marketing and Who shall be determining the appropriate...

So, if some of these developers offer big special discounts plus lots of freebies to clear their balance units, will there be immediate takers??

It's not me who announced this but by the relevant MY minister, so your disagreement is with him. In MY, when the minister says its a between a govt. to govt. project and an open tender is not required, then its is not required. Full stop! The oppositions had already questioned the cost and...

Long deadline for Saudi Aramco deal with Petronas "The final terms of the investment by Saudi Aramco into Malaysia’s biggest oil refinery project is likely to be firmed up only within a year’s time, sources said." So apparently, the deal is actually not sealed yet. So, all the finery and...

Government to government cooperation no need open tender la especially when China is providing the full low interest loan but still using taxpayer's money to pay back loan no doubt about this. Here, China lends MY tens of billions$$$ and then MY pay them back in tens of billions$$$$(minus some...