Bekas penyampai berita RTM kini Tengku Permaisuri Selangor |
- Bekas penyampai berita RTM kini Tengku Permaisuri Selangor
- Guns N’ Roses tour rakes in more than US$115m
- Developers should not provide housing loans — CAP
- Sarawak threatens to boot out senior Petronas staff if state policy ignored
- Dollar’s two-week advance set to end on US data reality check
- Reuters Video: Rocket carrying Nasa asteroid probe blasts off from Florida
| Bekas penyampai berita RTM kini Tengku Permaisuri Selangor Posted: 09 Sep 2016 12:06 AM PDT
Setiausaha Dewan Diraja Selangor Hanafisah Jais dalam satu kenyataan hari ini berkata pelantikan itu membawa gelaran Duli Yang Maha Mulia Tengku Permaisuri Selangor Tengku Permaisuri Norashikin. Beliau berkata baginda juga berkenaan mengurniakan darjah kebesaran Seri Paduka Mahkota Selangor (SPMS) kepada Norashikin yang membawa gelaran Datin Paduka Seri. Sultan Sharafuddin setelah berunding dengan Dewan di-Raja Selangor yang bersidang pada semalam telah berkenan mengurniakan darjah kebesaran itu kepada Tengku Permaisuri Selangor. Baginda telah diijab kabul dengan Tengku Permaisuri Norashikin oleh Mufti Selangor Datuk Setia Mohd Tamyes Abdul Wahid pada 31 Ogos lepas di Masjid Istana DiRaja, Istana Alam Shah, Klang. — Bernama  |
| Guns N’ Roses tour rakes in more than US$115m Posted: 09 Sep 2016 12:06 AM PDT
The tour sees Axl Rose, Slash and Duff McKagan reunited for the first time since 1993. It has topped the list of Hot Tours this week, ahead of Bruce Springsteen, Barbra Streisand and Celine Dion. Guns N' Roses' next stop is Latin America, where they will play in 11 cities before moving on to Asia and Australia early next year. The first shows of the tour begin at the beginning of April. — AFP-Relaxnews |
| Developers should not provide housing loans — CAP Posted: 08 Sep 2016 11:59 PM PDT
With all due respect, there is only one obvious winner from this scheme and that is the developer. After all Noh were also quoted as saying that "Our intention is to help developers sell the houses they have built." Is the government shifting the burden of unsold units to consumers? Which brings us to the question why are developers having problems selling their houses when it is a fact that the average Malaysian cannot afford to own a house? Could it be that the houses are priced way beyond the affordability of the majority of Malaysians? Are developers only keen to build houses and condominiums for the very rich because the profit margin is higher? So whose fault is it that there are unsold units? If houses were cheaper, then buyers would need smaller bank loans and the smaller the loans, the lower the monthly repayments. As a result more would qualify for bank loans to buy properties. There will be no need for developers to give loans to buyers. Banks are more stringent with giving out housing loans it is because there is a need to ensure that the borrower can keep up with the monthly payments until the loan is repaid. It is foolhardy to give loans to people who are at risk at defaulting just so that the houses can be sold. The risk of defaulting will likely be higher with the more expensive loan from the developer. Stretching the tenure of the loan (to reduce the monthly payment) is not recommended as it will make the property astronomically expensive. Banks are charging between 4.3-5.12 per cent per annum for housing loans but under the Moneylenders Act, the developer can charge up to 12 per cent (flat rate) per annum for a secured loan. If borrowers with cheaper bank loans are already defaulting on the loans, it does not look good for those with expensive developer's loan. The ministry is doing no favour to the consumers by allowing developers to give out loans. If the developers bring down houses prices they will be able to sell more units, only then will it is a win-win position. Lastly, the government needs to come up with a national housing policy that will enable at least 80 per cent of the population to own their own homes. * Press statement by SM Mohamed Idris, president of the Consumers Association of Penang (CAP), on September 9, 2016 ** This is the personal opinion of the writer or publication and does not necessarily represent the views of Malay Mail Online. |
| Sarawak threatens to boot out senior Petronas staff if state policy ignored Posted: 08 Sep 2016 11:52 PM PDT
"I would like to talk and negotiate with Petronas, but sometimes, we got to use things like this (immigration power) for the sake of Sarawak and for a better participation in the oil and gas industry," he said when launching the newly formed Sarawak Business Federation (SBF) here. Sarawak is currently negotiating with Petronas for a greater share in the oil and gas industry as well as for more locals to be employed at the senior and executive levels. The state is currently reviewing the issuance for the renewal of work permits involving about 600 non-locals, as well as fresh applications for work permits from Petronas staff. Adenan said he could no longer tolerate a situation where people "get our oil and gas while we watch, without any participation in the industry." "There is no more excuse to say that our people are not qualified. The oil and gas industry through Petronas has been in existence over the last 40 years and Sarawak Shell before that, so don't tell me that there are non-qualified Sarawakians around," he said. He said Petronas has been taking oil and gas from Sarawak's territorial boundary for many years, but did not have a single Sarawakian as a director on the board of the national oil company until recently. "I am confident that with the recent appointment of the State Secretary Tan Sri Morshidi Ghani as the Sarawak's representative on the Petronas board, we will be able to assert our policies," he said. Adenan, however, noted that Petronas, under a new management, has been cooperative with Sarawak. "We look forward to a good working relationship with them," he said. |
| Dollar’s two-week advance set to end on US data reality check Posted: 08 Sep 2016 11:50 PM PDT
The greenback fell against all of its 10 major peers this week as the futures-based odds of a September 21 rate increase dropped four per centage points to 28 per cent. The Institute for Supply Management's services gauge declined to a six-year low on Tuesday. Markets will look to next week's retail sales report for additional clues and to a September 12 speech by Lael Brainard, a member of the Fed's board of governors, amid speculation she might strike a hawkish tone. "The underlying current for the dollar is that its upside is capped as markets aren't pricing in successive rate increases," said Shinsuke Sato, head of the currency trading group at Sumitomo Mitsui Banking Corp in Tokyo. Traders are seeing just one hike this year, and possibly next year as well, he said, adding "the yen gained as some bullish bets from yesterday were unwound on speculation about a more hawkish tone from Brainard." The Bloomberg Dollar Spot Index, which measures the currency against a basket of 10 peers, fell 0.2 per cent as of 7:23am in London (1423 Malaysian time), taking its weekly decline to 0.9 per cent. It rose 1.5 per cent in the preceding two weeks on speculation senior Fed officials, including Chair Janet Yellen, were willing to raise rates this year. The yen strengthened 0.3 per cent to 102.16 per dollar and was set for its first advance in three weeks. The drop in the ISM's services gauge was the latest in a string of weak data for last month. Other less-than-stellar figures include an ISM factory survey showing a contraction in manufacturing; a cooling of hiring; automobile sales falling short of forecasts; and an index of consumer sentiment at a four-month low. "This week's ISM pared expectations for the Fed's rate hike this month," said Yasuhiro Kaizaki, vice president for global markets at Sumitomo Mitsui Trust Bank in New York. "In order for the dollar to bounce back, rate-hike expectations have to heighten. The market will need fresh factors and that may not come until retail sales next week." — Bloomberg |
| Reuters Video: Rocket carrying Nasa asteroid probe blasts off from Florida Posted: 08 Sep 2016 11:49 PM PDT Duration: 01:03, Published 9 Sep 2016 A Nasa probe heads into space on an unprecedented quest to collect samples from an asteroid, in hopes of learning more about the origins of life. — Reuters |
| You are subscribed to email updates from Malay Mail Online | All. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
