Chief executive officer Datuk Mohd Razeek Hussain said one of its key performance indicators for 2011 is to grow the company's revenue by 20 per cent to RM1.3 billion and achieve RM150 million in profit before tax (PBT). For fiscal 2010, MRCB posted a PBT of RM97.6 million on revenues ... Read More

THE Federal Government is willing to work with the Pe- nang Government to address the long-standing traffic congestion woes on the island.Prime Minister Datuk Seri Najib Tun Razak said the Federal Go-vernment continued to place im-portance on the state although it was governed by a different political entity.“If there are ... Read More

KUALA LUMPUR: Abad Naluri Sdn Bhd is buying 126.04 acres of land in Batu Kawan, Penang from the Penang Development Corp (PDC) for RM16.75 million cash consideration.Equine Capital Bhd said on Friday, April 1, that Abad Naluri would then nominate Penaga Pesona Sdn Bhd - a unit of Equine Capital ... Read More

PETALING JAYA: Households applied for less money to buy houses in February with applications falling to RM10.26bil in February from RM12.56bil in January, but the amount applied for was 23% higher than in February 2010.For the fourth consecutive month, ever since new loan-to-value (LTV) rules for the third or more ... Read More

RESIDENTS in Seberang Prai are now keen to buy houses in gated and guarded schemes (GGS) for better security, said Henry Butcher Malaysia senior manager Fook Tone Huat.He said more developers are now building GGS properties, as there is a growing demand for them.“House buyers do not mind paying extra ... Read More

PETALING JAYA: Bank Negara’s move last November to introduce a loan-to-value (LTV) ratio for third and subsequent house financing facilities will not hamper residential mortgage loans growth this year or even reduce residential property prices significantly.A local bank-backed analyst said residential home loans growth might see a slight slowdown as ... Read More

Although only two restrictions have been placed on borrowing for the purchase of a third or more homes and credit card eligibility, it does not mean that there won’t be more to come.In fact, consumers should be vigilant as Bank Negara is believed to be putting more intensive supervision on ... Read More

THE government will allocate a portion of its landbank for the construction of affordable housing, especially for Malaysians eligible for the My First Home Scheme. Housing and Local Government Minister Datuk Chor Chee Heung said the affordable housing project, which will likely be stratified properties or apartments, will either be ... Read More

The residential property market has been experiencing an upturn since the fourth quarter of 2009 as demand rebounded by 7.1% (2009: -2.3%) following improved consumer sentiments. Meanwhile, the increase in housing stock moderated in 2010 as housing started a declining trend.The widening gap between supply and demand has kept property ... Read More

It turned out that South Korea plunged into a crisis that year because people got carried away and spent money they did not have. Millions defaulted on their payments, the government had to rescue its biggest credit card company and the economy slowed down significantly. A crucial aspect of the ... Read More