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Malaysian Banking And Finance Summit 2021 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Property market on recovery path amid government initiatives thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
THE reduction of the interest rate will not alleviate the negative sentiments on the property market due to the worsening of Covid-19 outbreak, property analysts said. CBRE-WTW (CBRE Group Inc and CH Williams Talhar & Wong Sdn Bhd) MD Foo Gee Jen said Bank Negara Malaysia’s (BNM) move to cut the Overnight Policy Rate (OPR) for the second time in three months is to boost consumer spending. Assuming vaccines are developed against Covid-19, Foo said it would still take another three months for the property market to recover from the impacts of the epidemic. “Unfortunately, the rationale behind the OPR reduction is not so much to aid the housing industry, but to help consumers during the challenging time and boost spending in the country. “I doubt the confidence in the property market is going to be high due to the lower OPR, because almost all businesses are affected by the Covid-19 outbreak,” he told The Malaysian Reserve. ....
Bank Negara Malaysia (BNM) today released the revised Reference Rate Framework that will take effect from Aug 1, 2022, under which the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans. ....
Malaysian 2021 auto TIV projection stays at 575,000 units, SST exemption and Covid vaccination to prop up sales: AmResearch thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.