KLCI closed at 1387.21 (+1.76). Total value RM1.41 bil.
Market close for Aidil Adha tomorrow.
Targetting 6%-6.5% growth next year
Second Finance Minister Tan Sri Nor Mohamed Yakcop was confident that Malaysia can achieve its projected target of economic growth of between 6% and 6.5% next year. (Source: The Star)
Singapore property stocks are finding it tough to maintain their stellar performance
CapitaLand Ltd., Southeast Asia's largest developer, is suffering its biggest quarterly decline in more than six years after the government raised development taxes by as much as 58 percent. The government scrapped a program on Oct. 26 that allowed buyers of planned apartments to pay 10 percent of the asking price and defer the remainder until completion. Builders face higher fees on new developments after the government raised charges by 58 percent for apartment projects and by 42 percent for commercial properties, starting Sept. 1. (Source: Bloomberg)
Market close for Aidil Adha tomorrow.
Targetting 6%-6.5% growth next year
Second Finance Minister Tan Sri Nor Mohamed Yakcop was confident that Malaysia can achieve its projected target of economic growth of between 6% and 6.5% next year. (Source: The Star)
Singapore property stocks are finding it tough to maintain their stellar performance
CapitaLand Ltd., Southeast Asia's largest developer, is suffering its biggest quarterly decline in more than six years after the government raised development taxes by as much as 58 percent. The government scrapped a program on Oct. 26 that allowed buyers of planned apartments to pay 10 percent of the asking price and defer the remainder until completion. Builders face higher fees on new developments after the government raised charges by 58 percent for apartment projects and by 42 percent for commercial properties, starting Sept. 1. (Source: Bloomberg)
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