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FEDERAL GOVERNMENT, KELANTAN TO WORK ON AFFORDABLE HOUSING AND SOLID WASTE DISPOSAL The Federal Government, via the Ministry of Housing and Local Government, will work with the Kelantan State Government to build affordable housing projects and manage the solid waste disposal system within the state. Regarding the issue of abandoned houses, there are 12 abandoned…

NOVEMBER IPI HIGHER BY 2.5% Malaysia’s manufacturing and electricity sectors recorded higher output in November 2018, raising the country’s Industrial Production Index (IPI) by 2.5% year-on-year (y-o-y). However, it was lower than the 4.2% y-o-y growth recorded in October 2018. According to the Statistics Department, the manufacturing sector output expanded by 3.6% in November 2018…

MALAYSIAN ECONOMY NOT HEADING TOWARDS A RECESSION Malaysia is not expected to enter a recession in 2019, despite weaker economic growth expected to adversely impact the economy on a minor scale. The Malaysian Deputy International Trade and Industry Minister denoted that the government will introduce measures to mitigate the effects of a forecast economic slowdown….

STAMP DUTY INCREASE FOR PROPERTIES EXCEEDING RM1 MILLION DEFERRED SIX MONTHS TO JULY 1, 2019 The increase from 3% to 4% in stamp duty for the instrument of transfer for property exceeding RM1 million is now effective July 1, 2019 to encourage the sustainability of activities in the real estate sector. As announced in the…

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