Wednesday, 22/11/2017 | 1:03 UTC+8
  • Ringgit may end 2015 above RM3.80

    KUALA LUMPUR: Having closed at RM3.7595 to the US Dollar last Friday, analysts are predicting that the beleaguered Ringgit is likely to go above the RM3.80 mark, reports Bloomberg. Among them, Macquarie Bank Ltd was said to be reviewing its previous end-of-year forecast of RM3.75 to the Dollar in the light of waning demand for

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  • NajibAsean_10052014
    Higher income households pay more GST

    THOSE with a monthly household income of RM2,000 and below paid RM51.89 per month – or 2.59% of their earnings – under the Goods and Services Tax (GST) implemented from April 1, said the Finance Ministry. Under the previous Sales and Service Tax (SST), they only paid RM36.83 or 1.84% of their monthly earnings. Finance

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  • Penang affordable housing glut?

    GEORGE TOWN: Penang property developers see a glut swelling in the affordable segment, which has about RM7bil worth of mid-range properties planned to date. These 34,608 units, targeted exclusively at the first-time home ownership market with prices ranging between RM200,000 and RM400,000, will enter the property market over the next three to four years. Some

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  • mortgage_loan_agreement
    Unfair housing loan agreement

    MOST if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and conditions of the housing loan.

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  • Islamic Bank
    What is the pros and cons of Islamic property financing?

    Islamic banking and financing, particularly Islamic property financing, in Malaysia is considered one of the most renowned and established in the world. Islamic banking which follows Shariah laws has been in operation since the enactment of the Islamic Banking Act in 1983 and the establishment of Bank Islam Malaysia Berhad on the same year. The

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  • Hse
    What is the standard procedure of buying a subsale property?

    1. Upon agreeing to buy a property, an earnest deposit (sometimes referred to as booking fee) amounting to 2% – 3% of the agreed selling price is collected in the name of the stakeholder (usually the real estate agent). 2. Earnest deposit is collected and the Letter of Offer is completed and signed by purchaser.

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  • HK: Political reform failure, it’s business sector shift focus

    Hong Kong should move on and focus on economic and social issues now that the curtain has fallen on the ill-fated electoral reform effort, leading economists said. Hang Seng Bank senior economist Ryan Lam cited the ageing population as a major economic challenge that needs to be tackled without further delay. “The Hong Kong government

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  • Indonesia: Food delivery service by Uber for Fasting Muslim

    Uber launches “Uberbuka” food delivery service for fasting muslims in Indonesia. With the Muslim holy month of Ramadan in full swing, personal driver app Uber is testing a food delivery service in the Indonesian city of Jakarta. According to The Wall Street Journal, the company has launched a temporary service, UberBuka (Buka meaning “break fast”), in

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  • Loan
    Household debt and what it means

    The difference between ‘healthy’ and ‘unhealthy’ loans Household debt is basically all forms of loans with interest rates taken from entities that provide financing. The loans can be secured with assets such as real estate loans (housing and commercial properties), or without any collateral such as personal and credit card loans. Residential and commercial property

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