<div class=newsTextDataWrapInner><p>ISKANDAR PUTERI (Jan 9): The Johor government is aiming to build 13,000 units of affordable homes this year, endeavouring to hit the target of 60,000 units in 2020.</p></div>

<div class=newsTextDataWrapInner><p>"So far, we have built 16,010 affordable homes throughout the state. So, this is a continuation of our target besides resolving the issue of unsold houses.</p></div>

<div class=newsTextDataWrapInner><p>"Other challenges that we face are providing homes to the medium income group where in the previous budget we planned to build 10,000 units this year at a price of between RM200,000 and RM400,000 besides the challenges faced by developers regarding the high cost of building materials,” <em>Bernama</em> reported Johor State Exco for Housing and Local Government Datuk Md Jais Sarday as saying.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He also said that the state government wants to resolve the issue of unsold units for the bumiputera quota.</p></div>

<div class=newsTextDataWrapInner><p>Md Jais revealed that the state government had adopted the approach of proposing the release of the bumiputera quota on condition that the units were not sold within 12 months of the completion date or 50% of the development had been completed, <em>Bernama</em> reported.</p></div>

<div class=newsTextDataWrapInner><p>He was speaking to the media after attending an event with civil servants from the Housing Division in the State Secretariat and the Local Government Division for 2018.</p></div>

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ISKANDAR PUTERI (Jan 9): The Johor government is aiming to build 13,000 units of affordable homes this year, endeavouring to hit the target of 60,000 units in 2020.

"So far, we have built 16,010 affordable homes throughout the state. So, this is a continuation of our target besides reso...

Johor wants build 13,000 affordable homes this year

KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion embezzlement case from 26 years ago, FMT reported on Wednesday.

Halim Saad cleared by MACC in embezzlement probe — report

KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.

Magni-Tech shares jump in early trade on within-expectations 2Q results

(Dec 3): A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.

Below are layoffs and site closures announced in...

Europe's embattled auto sector plans plant closures and layoffs

(Dec 3): Donald Trump Jr is joining the board of PSQ Holdings Inc, the owner of online marketplace PublicSquare, according to people with knowledge of the matter. The company’s shares more than doubled in New York trading.

Donald Trump Jr to join board of ‘patriotic’ marketplace PublicSquare — Bloomberg

MORNING CALL: 4/12/24

South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.

Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting.

South Korea’s Yoon ends martial law after political gamble

Stocks in Asia are set for a mixed open after South Korean President Yoon Suk Yeol’s shock decision to impose martial law for the first time in more than 40 years, only to reverse course hours later, caught global markets off guard. 

Equities opened lower in Sydney, while futures pointed to a gain in Tokyo and a decline in Hong Kong. S&P 500 contracts were steady after the index closed little changed

South Korea chaos sets cautious tone for Asia open

In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.

Rise of the family office

South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.

South Korea’s whirlwind stint in martial law jolts markets

A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December.

Equities struggled to make much headway, following an over $11 trillion surge in the US equity benchmark this year that sent the gauge near overbought levels

S&P 500 ekes out gain to notch 55th record in 2024

<p>The founding couple of FashionValet Sdn Bhd (FashionValet), who have been linked to the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), will be charged at the Kuala Lumpur Sessions Court on Thursday.</p>


FashionValet founders to be charged on Thursday, says MACC chief

<p>South Korean President Yoon Suk Yeol on Tuesday declared martial law in a surprise late-night TV address, slamming domestic political opponents and sending shockwaves through the country.</p>


South Korea President Yoon declares martial law, slams domestic opponents 

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday.</p>


Binastra Corp, Mah Sing, T7 Global, JF Technology, VS Industry, Solarvest Holdings, Magni-Tech Industries

<p>Magni-Tech Industries Bhd (KL:MAGNI), another cash-rich company on Bursa Malaysia, has declared a special dividend with the release of its latest second quarter results, which saw net profit rising 18.74% on higher revenue.</p>


Magni-Tech declares 23 sen dividend, including 20 sen special as 2Q profit jumps

<p>South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.</p>

<p>Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting.</p>


<p>Investment company Abrdn plc, formerly known as Aberdeen Asset Management plc, has emerged as a substantial shareholder in Feytech Holdings Bhd (KL:FEYTECH), after raising its stake to 5.21% or 43.91 million shares.</p>


Abrdn emerges as substantial shareholder in Feytech

<p>The Life Insurance Association of Malaysia (Liam) said it is still in discussion with Bank Negara Malaysia (BNM) about measures that can be taken to ease the burden on policyholders following the unprecedented rise in medical claims over the past few years.</p>


Insurers say still in talks with BNM over recent hikes in medical insurance premiums

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Cloudpoint Technology Bhd (KL:CLOUDPT) said it has secured a RM33.6 million contract to implement advanced integrated service management automation (ISMA) solutions from a local bank.</p>


Cloudpoint Technology bags management automation solutions contract from local bank

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


<p>Stocks in Asia are set for a mixed open after South Korean President Yoon Suk Yeol’s shock decision to impose martial law for the first time in more than 40 years, only to reverse course hours later, caught global markets off guard.&nbsp;</p>

<p>Equities opened lower in Sydney, while futures pointed to a gain in Tokyo and a decline in Hong Kong. S&amp;P 500 contracts were steady after the index closed little changed</p>


<p>Financially distressed MMAG Holdings Bhd (KL:MMAG) has taken a step forward in its recovery efforts by securing a partnership with Malaysia Airlines Bhd.</p>


MMAG signs deal to serve as MASKargo's exclusive freighter operator

<p>Wall Street's main indexes were subdued in choppy trading on Tuesday after the S&amp;P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.</p>


Wall Street muted with focus on more data, US Fed commentary

<p>Malaysia aims to capitalise on opportunities by enhancing economic co-operation with the Pacific Alliance, said Deputy Investment, Trade, and Industry Minister Liew Chin Tong.</p>

<p>He emphasised that the focus goes beyond trade and investment.</p>


Malaysia to enhance economic co-operation with Pacific Alliance

<p>A&nbsp;rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December.</p>

<p>Equities struggled to make much headway, following an over $11 trillion surge in the US equity benchmark this year that sent the gauge near overbought levels</p>


<p>US job openings increased moderately in October while layoffs declined, suggesting the labour market continued to slow in an orderly fashion.</p>


US job openings rise in October, layoffs decrease

<p>Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms' apps, the tech company said on Tuesday.</p>


Meta says gen AI had muted impact on global elections this year

<p>The world's debt stock surged by over US$12 trillion (RM53.6 trillion) in the first three quarters of 2024 to a fresh record of nearly US$323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday.</p>


Global debt surges past US$320 tril as risk appetite returns — IIF 

<p>The exceptional heavy rainfall, exceeding 1,000mm, equivalent to six months' worth of rainfall in Kelantan and Terengganu, has been the primary cause of the devastating floods impacting numerous districts and regions along the East Coast.</p>
