Friday 18 Oct 2024
By
main news image

EVENING 5: Putrajaya urged to review ‘outdated and arbitrary’ housing affordability rule

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1.  Ipsos Malaysia is calling for a review of the 30% housing expense-to-income rule in assessing housing affordability calling it “outdated and arbitrary”, which leads to suboptimal policies.

2. Matrix Concepts Holdings Bhd has secured a RM512 million financing facility from AMMB Holdings Bhd to facilitate the development of 1,382.2 acres of prime housing in Malaysia Vision Valley 2.0 located in Sendayan, Negeri Sembilan.

3. IHH Healthcare Bhd’s indirect unit, Northern TK Ventures Pte Ltd (NTK), is seeking approximately RM634 million in damages related to the Fortis Healthcare deal.

4. JF Technology Bhd’s share price came under pressure after it announced it entered into a joint venture agreement with Shenzhen HFC Co Ltd to incorporate a joint venture company in Malaysia.

5. TMC Life Sciences Bhd’s net profit in the first quarter ended Sept 30, 2023 soared by 143.10% to RM15.14 million in line with revenue growth attributed to the increase in capacity of Thomson Hospital Kota Damansara and the recovery of its fertility business.
 

      Print
      Text Size
      Share