Industry News Update (3 February 2023)

Shareda lauds planned Sabah MM2H

Sabah Housing and Real Estate Developers Association (Shareda) has lauded the state government’s decision to approve in principle a “slash” of the minimum fixed deposit, and property purchase eligibility for the state’s Malaysia MySecond Home (SBH-MM2H) programme.

Sabah to offer its MM2H scheme

The state government has approved in principle the policies for the setting up of the Sabah-Malaysia My Second Home (SBH-MM2H) scheme.

Expect a turnaround in Bursa Malaysia’s net earnings after a dismal FY2022

LOCAL bourse operator Bursa Malaysia Bhd can expect a turnaround in its net earnings from a decline of 36.3% in FY2022 to an expansion of 5.5% in FY2023F, thanks to the absence of the one-off Cukai Makmur (prosperity tax) that was imposed in FY2022.