Budget 2023: Govt needs to focus on issues of high interest rates, unsold houses
(New Straits Times) 04/10/2022
The government is urged to give priority to solving the issue of high housing loan interest rates as well as dealing with the problem of unsold houses in the 2023 Budget which will be tabled on Oct 7.
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Local banks to ride on OPR hike
(Malaysian Reserve) 04/10/2022
IN THE latest monetary policy statement, Bank Negara Malaysia (BNM) has raised the Overnight Policy Rate (OPR) by 25 basis points (bps) from 2.25% to 2.5%, largely in line with market consensus and our expectations. We anticipate BNM will introduce one more rate hike in the next Monetary Policy Committee (MPC) meeting in November 2022 to 2.75%, with two more 25bps hikes in the first half year 2023 to close at 3.25%. Our assumption is based on the “gradual and manner” rate hike schedule as mentioned in the MPC’s statement and rejuvenating domestic economic data allow room for more BNM’s interest rate normalisation. 
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Property players anticipate more incentives to spur growth
(Malaysian Reserve) 04/10/2022
IN LIGHT of the Budget 2023 tabling on Oct 7, several property players have put forward their budget wishlist, calling on the government to increase incentives to the property sector to spur growth. 
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Budget 2023: Economists seek fiscal buffers amid economic slowdown
(Malaysian Reserve) 04/10/2022
THE World Bank has warned of a possibile global recession next year as central banks around the world have been raising interest pace at the fastest rates in decades. 
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HCK Capital to revive Empire Remix 1 in Subang Jaya, confirms The Edge’s report
(The Edge Property) 04/10/2022
KUALA LUMPUR (Oct 4): HCK Capital Group Bhd announced that it will take over the incomplete property development project — Empire Remix 1 — in Subang Jaya. This is the second abandoned project that the company has taken over there. 
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Malaysia’s export volume index rises 7.7% on month in August
(The Edge Property) 04/10/2022
KUALA LUMPUR (Oct 4): The export volume index increased 7.7% in August 2022 compared with July, contributed by the rise in miscellaneous manufactured articles (11.9%), machinery and transport equipment (7.9%), as well as mineral fuels (7.8%).
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