KUALA LUMPUR, 4 NOV 2008: The government will guarantee the RM5 billion loan from the Employees’ Provident Fund to state investment company Valuecap Sdn Bhd. Deputy Prime Minister Datuk Seri Najib Razak defended the loan and rebuffed speculation that the loan would only prop up government-linked companies (GLCs) on the stock market. “Valuecap has the […]
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Rehda welcomes govt boost for housing industry
By Elizabeth LooiPETALING JAYA, 4 Nov 2008: The Real Estate and Housing Developers’ Association Malaysia (Rehda) welcomes the government’s latest announcements on the construction and housing industry. Its president Datuk Ng Seing Liong said in a statement that Rehda is pleased that the government has increased its role in providing more low cost and medium cost homes […]
Govt announces RM7 billion stimulus package
By Deborah Loh and Ng Boon HooiKUALA LUMPUR, 4 NOV 2008: The government today announced RM7 billion worth of measures to stimulate economic activity as a crisis response to the global credit crunch. Deputy Prime Minister Datuk Seri Najib Razak, who is also Finance Minister I, said the funds were drawn from the government’s fuel subsidy savings and not from Budget […]
