14 Apr 2021 / 21:26 H. Bernama
KUALA LUMPUR: A total of RM420.8 million has been channelled through the Micro Credit Financing under the Short-term Economic Recovery Plan (Penjana) to benefit 12,651 micro, small and medium enterprises (SMEs) as of April 2.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pix) said the number included applicants from the retail and services sectors.
He said that for SME soft loans funds, as of April 2, 2021, the total amount approved by local banks and accepted by SMEs was RM11.87 billion, benefitting 25,289 SMEs.
For the financing of the PENJANA tourism sector, as of April 2, there were 636 applications for this financing, and out of this total, 315 applications were approved with a total financing of RM62.9 million compared to 626 applications, out of which 308 applications were approved with a total financing of RM61.9 million, the previous week.
HONDA Malaysia today invites Malaysians to celebrate the journey of reaching one million sales units with the launch of the “1 Million Dreams Campaign.
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Only properties in Malacca had a median of three, while all other states in Malaysia had a median of 3.1 and higher. THE STAR
Malaysia property overhang may stabilise slightly
Wed, 3 February 2021
The level of residential property overhang in Malaysia may stabilise slightly this year, but is expected to remain high as the price-to-income ratio continues to affect affordability.
Rahim & Co International Sdn Bhd research director Sulaiman Saheh said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth 42.49 billion ringgit ($10.5 billion) as of the third quarter of 2020.
“The overhang levels continued to increase in 2020. This year, with the movement control order enforced and affordability still an ongoing issue, it will still continue to go up,” he said at a virtual press conference following the launch of Rahim & Co’s 2020-2021 market review.
At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best WITH the recent spike in Covid-19 cases, any projected recovery that had been slated for the local property market for 2021 will likely have been deferred.
However, that is not to say that there aren’t any opportunities to be tapped in a soft property market. At the launch of Rahim & Co’s 2020/2021 market review earlier this week, Rahim & Co real estate agency chief executive officer Siva Shanker said the recent spike in Covid-19 cases has pushed all hopes of a strong market recovery to 2022, at best.
Anytime is still a good time to buy property as it is an appreciating asset and a good hedge against inflation, advised Siva.
PETALING JAYA: The level of residential property overhang in Malaysia may stabilise slightly in 2021, but is expected to remain high as the price-to-income ratio continues to affect affordability.
Rahim & Co International Sdn Bhd research director Sulaiman Saheh (pic below) said there were 57,390 overhang units of residential, serviced apartments and small office home offices worth RM42.49bil as at the third quarter of 2020
“The overhang levels continued to increase in 2020. This year, with the movement control order enforced and affordability still an ongoing issue, it will still continue to go up, ” he said at a virtual press conference following the launch of Rahim & Co’s 2020/2021 market review.