Author: Charles Tan
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Significant. 2.8% Contribution from Prihatin to Malaysia’s GDP for 2020.
We know, the current projection from Bank Negara Malaysia (BNM) for Malaysia’s GDP 2020 is not rosy. It ranges from a high of positive 0.5% (yeah, this is a high) and a low of negative 2%. Everything depends on how soon we could overcome COVID-19 and for businesses to start moving back to its normal…
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Auction Properties: What is the effect by COVID19 Pandemic?
Would auction properties be affected by the covid 19 pandemic
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Our important SMEs. Covid-19 Stimulus Package 3 aimed at the SMEs. Details here.
SMEs of Malaysia contribute about 40% to the economy and employs 70% of the working people. Briefly, their contribution to many companies in terms of sales is huge. When people have money (salaries from the SMEs), they can sign up for broadband, buy a car, buy a home and well buy anything they desire. We…
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Normalisation will take time. Cruise trips too.
I was discussing with a good friend (via Whatsapp of course and not in some cafe okay) and we were talking about normalisation after the MCO. By 10th April 2020, a final decision will come from the Health Ministry based on the numbers of new infections on the ground. I do have my thoughts but…
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Problem. Some have started to stop paying their loans. Amount is RM27.86 billion.
What is Non-Performing Loan? (NPL) These are the loans which the borrowers have not been paying for 6 months or more. BNM’s link here for reference. For example, our mortgage is due but we do not have the money to pay for it. We could choose not to, the banks will send a reminder and…
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Cut rental? Some malls have waived.
These days, it’s common for tenants to try and ask for a waiver from their landlords. Remember that landlord who reduced his tenant’s rental by 60%? Here’s that article: Let me give you 60% rental reduction Well, it seems that he is not the only one yeah. These are all the malls in Malaysia which…
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MIEA: Need to boost the property market
The Malaysian Institute of Estate Agents (MIEA) which represents 25,000 real estate agents and negotiators has proposed two additional steps to the government to help the Malaysian property market. Its president Lim Boon Ping said that the agents and negotiators livelihood are affected due to the COVID-19 pandemic. This is especially apparent during the Movement…
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Be thankful that we are restricted at our home. Some may be less lucky.
Is it tough to stay home and NOT going out? Apparently, it’s so tough that people are willing to risk driving far away from their home, got caught and may face the prospect of fine and jail time. There was even one news of someone shouting rudely at police officers who were facing high risk…
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Further hits to sentiment but market expected to bounce back
Press Release: PropertyGuru: Further Hits to Sentiment, Market Expected to Bounce Back Sentiment down in short-term as Malaysians focus on bread-and-butter issues House price, transaction volume and value historically resilient amid economic uncertainty PropertyGuru to launch GuruCares initiatives in support of property agents Kuala Lumpur, 2 April – As the nation endures its third week…