Author: Charles Tan
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Up 153%, even with the slowdown. SP Setia.
Yes, all of us have heard about the slowdown nearly everyday. No one really understood the term slowdown meant here is still growth. Many thought it’s already recession in Malaysia. Well, one company has showed resilience thus far. SP Setia Bhd’s earnings surged 153% to RM267.78million for Q3 2015 versus a year ago due to…
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BNM foreign reserves up slightly to US$94.7 billion
Yes, at least, it has stopped going down. Whether it’s a short break or a potential turnaround we have to wait for the next few weeks. We are talking about Bank Negara Malaysia’s (BNM)’s international reserves. It rose slightly by RM1.3bil to RM357.7bil (US$94.7b) as at Aug 28 compared to just 2 weeks ago. Note…
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Malls, malls, malls everywhere, rate of survival?
Slightly earlier, I read a report saying that 50 new malls are coming into Klang Valley next year. Well, according to one latest article quoting the Sunway Group, there are a total of 40 malls entering Klang Valley next year. There is little need to guess. Most of these malls are the neighbourhood ones or…
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The Marin @ Batu Ferringhi, your luxurious getaway
Everyone who has reached that certain level in life would undoubtedly have a couple of wanted demands. Well for one thing, they may want to wake up to enjoy a sea view from their luxurious condominium and later drive out for a nice breakfast with their loved one in a high-end car model. How about…
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IKEA was packed to the brim, still.
I went to IKEA last saturday (5 sept). I wanted to buy a baby chair, a new pot and a few LED bulbs. The car park was very full and after many turns, I had to park at a spot which is regarded as illegal. The showroom floor was full of people. Perhaps these people…
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Penang: Got reclaim or no reclaim?
These two are at each other again. Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan accused Penang state government of approving a total of 2,428 hectares of reclamation works to a developer in Penang. Penang Chief Minister Lim Guan Eng said this, “the minister has lost his mind, there were no such approvals, he must…
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EPF, market volatility, rebalancing and long term returns
Someone sent me an article about Employee Provident Fund (EPF) in an English local daily. I happened to miss this article. Anyway, I have not been buying newspaper for at least 8 years. It has nothing to do with politics. He was sending me because I wrote an article about EPF vs Unit Trust some…
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Property prices down 10 percent, approval in 12 months.
Some Kota Kinabalu centric news. Sabah Housing and Real Estate Developers Association (SHAREDA) has submitted a memorandum to Local Government and Housing Minister Datuk Hajiji Noor with a proposal which will see approval time for development plans to be reduced from current 30 months down to 12 months. According to its president Datuk Francis Goh, it also…
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Very interesting. The most popular project in Penang.
I came across this in my friend’s property site, penangpropertytalk.com. It shows the top 50 most popular projects in Penang within the past 90 days. This is based on the number of page views for all the projects. From the list, I think it’s still certain that Penangites are definitely still in love with the island.…
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RHB offering voluntary exit option to permanent staffs
Someone forwarded me a news I read earlier in a local English daily. It’s about RHB Capital Bhd’s voluntary exit option which is also known as Voluntary Separation Scheme (VSS). Does this mean that Malaysia is facing a bleak future for the banking industry? Haha. Please look at all the reported earnings for all the…
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Canada Pension Fund and Malaysian investment
The Canada Pension Plan Investment Board (CPPIB), the largest pension fund manager in Canada has taken a stake of 49 percent in Pavillion Damansara Heights. The other half is owned by the Pavillion Group. The stake is worth US$130 million (RM550 million) based on latest exchange rate. This will be CPPIB’s first direct real estate…