23
Kha, Nov
918 ARTIKEL BARU

KUALA LUMPUR: A weaker ringgit will attract more foreign investment into the country's property sector, Guocoland (Malaysia) Bhd managing director Tan Lee Koon said on Thursday.

The property arm of Hong Leong Group expects the current exchange rate scenario to spur demand for luxury residences in its Damansara City development, which has a gross development of RM2.5 billion.

On Monday, the ringgit breached the 3.80 level against the US dollar, the level at which it was pegged against the greenback in September 1998.

Today it is hovering at the 3.8000/8030 level versus the greenback.

Tan said Guocoland has received encouraging response from overseas buyers, especially Singaporeans and Cambodians, at its recent roadshow.

"The lower local currency has been favouring them, especially versus the Singapore dollar," he told reporters after announcing that Hong Leong Group has chosen Damansara City for its global headquarters.

Expected to be fully operational by mid-2016, the integrated development comprises two office towers, two towers of luxury residences, a lifestyle mall and a five-star hotel.

Tan said the first phase of the residency tower, which has 185 units, has recorded a

SINGAPORE: Most emerging Asian currencies rebounded on Thursday as Chinese stocks turned higher, easing concerns over its market rout for now, while Malaysia's ringgit edged up as authorities again intervened to prop up the regiona's worst-performing unit.

Chinese shares started the day sharply lower with CSI300 index down more than 3 percent earlier, indicating a market meltdown is not over yet. The country's stocks have lost about 30 percent over the last three weeks. 

But they reversed the

By:  M. Perry

We were informed that the Gross Domestic Product (GDP) of Malaysia recorded a growth of 5.2% and 6.3 % for the first half of 2014. Some are happy about this growth but there are some who argue that what has the GDP growth has to do with my quality of living?

A growth in GDP evidently shows that Malaysia is on the right track in managing the economy to provide an improved and a better quality of life to all Malaysians.

Generally speaking, GDP is about how the economy of a

It would be grossly unfair to accuse the Government of not tackling the depreciation of Ringgit.

In his SPECIAL ADDRESS ON CURRENT DEVELOPMENTS AND GOVERNMENT’S FINANCIAL POSITION on 20th January 2015, the PM stated that in relation to the Ringgit, "we must closely monitor the following: First, the current account in the balance of payments must remain in surplus. Second, continue with fiscal reforms and consolidation and Third, economic activity must be further diversified to enable us to

KUALA LUMPUR: The ringgit opened higher against the US dollar Thursday, lifted by some buying support for the local unit, dealers said.

At 9.20 am, the ringgit was quoted at 3.8000/8030 against 3.8050/8080 at 5pm on Wednesday.

A dealer said Malaysia's central bank may intervene at above the 3.8050 level to support the ringgit.

"At 3.8000, the level remains a strong psychological reference point for traders, currently," he added.

The local note was traded lower against a basket of currencies

By: M. Perry

The Global Competitiveness Report 2014-2015 (GCR) by the Geneva based World Economic Forum (WEF) ranks Malaysia 11th out of 144 countries worldwide for the quality of Malaysian transport infrastructure. This is an 3rd party validation and acknowledgment to prove how much Malaysia have improved in providing transport infrastructure.

Lately , we could enjoy a better and fast public transportation in Malaysia as found in many developed countries. We find more and better quality

The past few years have seen pundits fretting over the future of the dollar, but it’s place has never been more secure.

Don’t look now, but the U.S. dollar is on a tear. Here’s Geoffrey Smith with the details:

The U.S. Dollar Index, which measures the buck against six major western currencies but not against emerging market currencies such as China’s yuan, has risen 7.1% in the third quarter, its biggest quarterly rise since the 2008 market panic . . . the world’s premier reserve currency is

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