Daily Industry News Update (30 January 2021)


Of LAD and booking fees

Two landmark judgements by the Federal Court – one in November 2019 and the other just last week – have significant impact on the property sector, as the court’s ruling has thrown a spanner in the works of how developers behave in practice. In the first case, the Federal Co…

Malaysia’s external trade performed fairly well despite unprecedented scenario, says MITI

Malaysia’s external trade performed fairly well despite the unprecedented scenario, with exports rebounding in the second half of 2020 compared to the negative growth in the first half of the year, the Ministry of International Trade and Industry (MITI) said. Senior minister

Housebuyers fail to stop PRiMA from giving extra discounts to new buyers

The High Court here yesterday rejected the injunction application filed by 1,102 individuals to prevent Perbadanan PRiMA Malaysia (PRiMA) from giving rebates and additional discounts through its Home Ownership Campaign (HOC) to new buyers which had caused the existing

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