Favourable winds sought for Malaysian real estate

2016 to see support for affordable housing and end-financing, but more needs to be done. CONDITIONS in the Malaysian property market have been challenging to industry players, but recent developments to support the affordable housing market and the facilitation of end-financing for potential housebuyers are considered favourable to the real estate industry. Sharing an overview of the property market in recent times, Real Estate and Housing … Read more

Ringgit expected to remain weak, BNM may keep OPR at 3.25% in 2016

Analysts expect the Ringgit to remain weak and Bank Negara to keep the overnight policy rate (OPR) at 3.25 percent in 2016, following the interest rate hike by the US Federal Reserve, reported The Sun Daily. Notably, the Fed’s Open Market Committee (FOMC) increased the target range for the federal funds rate (FFR) to 0.25 … Read more

Zeti: Malaysian Ringgit will bounce back

Currency depreciation against the US dollar is not only happening in this country, according to Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz in a report from Bernama. As of noon today, 1 US dollar is equivalent to 4.23 Malaysian ringgit, down from RM4.25 in the corresponding period on Thursday. While this … Read more