Industry News Update (27 January 2023)

No joy for Malaysia’s property sector from China’s reopening

After nearly three years of self-imposed isolation, China finally reopened its borders on Jan 8, and Asean countries including Malaysia are expecting millions of Chinese tourists to return this year.

National Housing Policy will be reviewed — ministry

The existing National Housing Policy will be reviewed based on the Madani framework, to align with the vision to create a prosperous nation and balance for all Malaysians, according to the Local Government Development Ministry.

Is Bank Negara’s intermittent OPR pause justified?

IN 2022, stronger economic recovery prospects and upside inflation risk amid the US Federal Reserve’s aggressive monetary tightening had prompted Bank Negara Malaysia (BNM) to hike its overnight policy rate (OPR) by 100 basis