KUALA LUMPUR: The property market is expected to regain its momentum in 2022 even though the environment remained challenging, the National Property Information Centre (Napic) said.
Napic is managed by the Ministry of Finance’s Valuation and Property Services Department (JPPH).
It said the "Transition to Endemic” phase of COVID-19 starting April 1, 2022 would see the lifting of restrictions on business operating hours and reopening of country borders, which is expected to further improve domestic economic activities.
"As economy is set to be on the right trajectory, the property market performance is expected to be on similar track.
"The accommodative policies, continuous government support, well execution of all planned measures outlined in Budget 2022 and the proper implementation of strategies and initiatives under 12th Malaysia Plan (12MP) is expected to support growth in the property sector,” it said in a statement in conjunction with the launch of its Property Market Report 2021 today.
Meanwhile, Napic said the property market performance saw a slight improvement in 2021 but has yet to surpass the pre-pandemic level recorded prior to 2020.
It said a total of 300,497 transactions worth RM144.87 billion were recorded in 2021, an increase of 1.5 per cent in volume and 21.7 per cent in value compared with 2020.
"The residential, commercial and industrial sub-sectors saw an increase in volume of transaction by 3.9 per cent, 10.7 per cent and 17.6 per cent respectively while agriculture and development land sub-sectors declined slightly by 7.5 per cent and 7.4 per cent respectively,” it said.
It said the value of transactions recorded a higher increase for residential, commercial, industrial and development land sub-sectors each at 16.7 per cent, 43.1 per cent, 32.9 per cent and 33.2 per cent whereas agriculture recorded a decrease of 5.1 per cent.
Napic said the residential sub-sector led the overall property market activity with 66.2 per cent contribution in volume.
"There were 198,812 transactions worth RM76.90 billion recorded in the review period, increased by 3.9 per cent in volume and 16.7 per cent in value year-on-year,” it said.
It said Selangor contributed the highest volume and value to the national market share with 24.5 per cent in volume (48,755 transactions) and 34.4 per cent in value (RM26.49 billion).
"Kuala Lumpur recorded 11,129 transactions but ranked the second highest in value at RM9.69 billion, contributing 12.6 per cent market share,” it said.
However, it said the primary market saw a lesser release of new launches with nearly 44,000 units launched in 2021 against 47,178 units in 2020.
It said the decline was expected as developers held back on the new launches due to the softening property market and increasing numbers of unsold inventories.
"Sales performance was moderate at 39.3 per cent in 2021,” it said.
It added that the residential overhang situation was less encouraging with volume amounting to 37,000 units worth RM22.79 billion as at year-end, an increase by 24.7 per cent and 20.5 per cent in volume and value respectively against 2020. - Bernama
Failure by Tengku Datuk Kamal Sir Sultan Abu Bakar and Lt Col Tengku Datuk Kamarul Zaman Sir Sultan Abu Bakar to do so would put the brothers in contempt of the court order and makes them liable to five years in jail. ----------- hmmm... shame !!
Eco World Development Group Bhd (EcoWorld Malaysia) chairman Tan Sri Liew Kee Sin says ESG practices are weaved into the group’s projects right from conceptualisation, design, construction and up to when the company engages with new residents to promote a positive, sustainable future.
AS environmental, social and governance (ESG) practices become a topical subject among investors today, it’s not surprising to see more real estate players either acknowledging or embracing its importance.
The relevance of ESG has been magnified further as the real estate industry gears up for business in a post-pandemic world.
Today, one can’t deny the importance of ESG when flipping through the pages of the annual reports of many listed property developers.
KUALA LUMPUR (April 1): Prime Minister Datuk Seri Ismail Sabri Yaakob has extended "welcome back" wishes to Malaysians returning from abroad after the reopening of the country’s borders following the Transition to Endemic Phase which began on Friday.
The Prime Minister also shared his happiness and gratefulness on seeing various postings on social media by members of the Malaysian Family who were relieved and happy to return to Malaysia on Friday.
Ismail Sabri described the Transition to Endemic Phase as reuniting members of the Malaysian Family who were separated including those in Singapore.
“After almost two years, while we combated the Covid-19 pandemic, some were forced to be away from their families, but today on April 1, 2022, Malaysia has successfully reopened its borders.
“Welcome back home, my beloved Malaysian Family,” he said in a post on his Facebook page.
Sharp at 12 midnight last night, all international checkpoints of Malaysia were reopened in line with the Transition to Endemic Phase on Friday (April 1).
The opening of the borders saw Malaysians especially those in Singapore coming back home and the historic moment was joyfully shared on social media with many shedding tears of joy on returning to their homeland.
The country entered the Transition to Endemic Phase starting with the lifting of several restrictions among them, the reopening of borders, business premises allowed to operate according to their business licence and no physical distancing during prayers in mosques and surau or prayers at other places of worship.
In terms of governance and especially those related to board representation, corporates need to scrutinise the character of a person joining the board and what value he or she can bring to the company.
If a person has already his or her hands full in terms of board representation in major large corporations, there is very little this person can add in terms of value to a board that the person is about to join.
After all, according to MCCG 2021, under Guidance 5.5 “in evaluating the ability of a director to perform his role effectively, the board should consider among others whether a director is ‘over stretched’ in terms of his commitments to the board commitments, to meet the demands and expectations of the role”.
Yes, pursuant to Paragraph 15.06(1) of Bursa Malaysia Listing Requirement, whereby a director of a listed issuer must not hold more than five directorships in listed issuers is clear, it is becoming rather odd when we see, although well within the governance code, that a person is able to represent his or herself as independent director across a wide spectrum of sectors, especially if all the companies are large corporations.
The issue of board commitment becomes pertinent as independent directors are then stretched to accommodate all the companies, especially when it comes to quarterly board meetings or board committee meetings and other board incentives
Whether one is an independent director or otherwise, they are public figures and ought to carry themselves well in situations where they are judged by their behaviour and actions.
It becomes rather perplexing when board members of large corporations behave in a manner where the general public can assess the person’s character with regards to their conduct and behaviour outside their roles in public listed companies.
Take for example if a board member or his or her spouse is involved in running charitable organisations or associations. In this role or if the role is carried out by their spouses even, they are expected to carry out their duties with utmost integrity and accountability.
Any wrongdoings by them or even by their spouses will not only reflect badly on themselves but also on the public-listed companies they represent as independent directors.
The MCCG 2021 is a corporate blueprint as to how companies ought to be run to ensure stakeholders’ interest is well protected.
According to the SC, “the pillars of corporate governance such as ethical behaviour, accountability, transparency, and sustainability are important to the governance of companies and stewardship of investors’ capital”.
A very strong statement but to what extent are companies adhering to these core governance principles?
We hear cases of how companies arm-twist their way in meeting their profit objective by bullying and intimidating tactics aimed at stakeholders who question their actions when a company is deemed to have crossed the line and dilute the interest of stakeholders.
Whistle-blowers are being punished for speaking the truth while company employees who are not toeing the line are asked to leave the company. Toxic culture in some companies has become the norm while other stakeholders outside the internal squabbling become victims of circumstances.
Stakeholders here can mean not only shareholders but also customers, suppliers, community, or even employees. It is not uncommon to see how companies expressed themselves when it comes to how it treats their customers.
While perhaps 99% of the time it may be accurate that their customers are the single most important source of their very existence, treating customers with respect and humility is important.
If a company has failed to deliver the product or services that were promised, it must make efforts to rectify the situation to ensure customers’ trust and loyalty are not compromised.
After all, the best form of advertisement for any company is for customers who are repeat buyers and not those who are frustrated by how the company treats its customers.
In conclusion, while annual reports and IAR are important communication messages for any corporates, it is also important to highlight shortcomings and how the company intends to improve its product or services to meet stakeholders’ expectations.
Governance is the core of business operations today and not just profit maximisation.
Companies must walk the talk when it comes to what is presented in an annual report and not mere written statements of communication to its stakeholders.
Environment, social and governance (ESG) principles are the key metrics for institutional funds and research houses in dictating fund flows and this has impacted two sectors on Bursa Malaysia – oil and gas (O&G) and plantation.
HOW seriously does corporate Malaysia take governance issues?
As we enter into the second quarter of 2022, a host of companies have or are preparing their annual reports, especially for the majority of companies that have the December financial year-end period.
Annual reports are used to communicate to stakeholders the affairs of the company over the past year, and typically for companies that have adopted Integrated Annual Report (IAR), this includes information with regards to both financial and non-financial performance and the internal and external factors that influenced it.
An IAR will usually cover all business operations of a company. Sustainability and governance issues are also discussed in depth while corporate social responsibility incentives, and employee engagement sections, are a must.
IAR is governed not only by Malaysian laws and regulations but for most companies, especially among the large corporates, international standards too are applied.
According to the Malaysian Code of Corporate Governance 2021 (MCCG 2021), IAR is a concise communication about how a company’s strategy, performance, governance, and prospects lead to value creation, which aims to improve the quality of information available to investors and promotes greater transparency and accountability.
Hence, with the annual report season well underway, we will see a host of companies presenting all the good deeds that they have done and how they have embraced governance issues, environmental protection, issues related to labour practices, as well as how the various committees of the board carry out their duties in accordance with the regulatory demands, especially in relation to the MCCG 2021.
At the same time, we will also read about the company’s corporate social responsibility statements, how it treats its stakeholders, especially customers, employees, and suppliers.
Interestingly, we are also seeing a major shift in board composition as more boards heed the Securities Commission’s (SC) call to increase women’s participation at the board level as well as limiting the tenure of the independent directors to not more than 12 years and for some, the nine years tenure is the stepped-up practice that they have long adopted.
Let’s face it, logically speaking, no company in their right mind will highlight the negative aspect of the business operations of the company.
It is also rather clear that for any corporates, the annual report is the single most important communication message to their stakeholders as to who they are, what they believe in, and what are their core corporate values.
But are the narratives that are presented reflect an honest and true statement of the affairs of the company or are they mere make-believe statements overlaid with glossy pictures and colours?
Take the issue related to the environment. IAR requires a detailed explanation of what a corporation has done in terms of sustainability, water usage, electricity consumption, carbon emission as well as recycling activities that company has carried out.
However, some of them, especially if the nature of business is related to the use of natural resources, activities that involve land clearing, or matters related to the environment in general, a company would rather not touch on issues related to their core business activities that are damaging to Mother Earth.
Worst, as we have seen in recent times due to major flooding issues, how some over-development is the major cost of environmental destruction but corporates would rather remain silent as to how they are involved in some of these activities but instead focus on the sustainability issue related to matters that are not related to the core business activities.
It is of no surprise this has also caught the attention of His Royal Highness, the Sultan of Perak, Sultan Nazrin Shah when he commented during the opening of the Perak state legislative assembly that “the obsession for infrastructure development and business profits cannot be used to justify people’s greed to destroy the environment”.
A production line of an electronics company in the northern province of Thái Nguyên. Strong export is among main drivers for Vietnam's GDP growth in 2022. — VNA/VNS
MALAYSIA has managed to record economic growth of 3.1% in 2021 despite it being a challenging year.
This year appears to be more promising with the gross domestic product (GDP) projected to grow between 5.3% and 6.3%, according to Bank Negara.
It will be supported by several factors including the continued expansion in external demand underpinned by the tech upcycle, international border reopening, improvement in the labour market and continued access to targeted policy measures.
Inflation is likely to hover between 2.2% and 3.2% in 2022 while the unemployment rate is expected to improve to 4%. The current account balance is seen at between 4.2% and 4.7% of GDP this year.
pasukhas agak diversified, ada hartanah, ada tenaga hijau seperti hidro elektrik di kelantan, korek pasir sungai di pahang, pembinaan kilang dan bangunan dan banyak lagi.
Kedudukan kewangan juga semakin kukuh kerana terbitan syer baru @10sen ~RM100juta masuk , PP @20% kpd keluarga juga masuk beberapa juta ringgit dan terkini selepas 31/12/2021, esos ~2sen sebanyak ~400 juta syer juga membawa masuk ~Rm8juta ...
Stay invested.... diversified, balance sheet kuat dan potensi sektor tenaga hijaunya, sektor pembinaan di negara membangun macam msia dan banyak lagi.
Funny concept, financial strong does not need PP, issuance of new shares, this is not financial strong, every quarter keep losses is burning their cash, we can easily see from the drastic drop of 59c NAPS, to 40c++ then till 26c as of 31 Dec 2021, we will be awaiting next qtr on more killing blow or really back to profit, this is what people want to know, how much profit expected, not how money you able to get from the public.........
Do you even know what strong balance sheet means? This mean you have strong profit awaiting each qtr.........profit is the focus, not how many project, how many work you have, how diversify you are as this is fund management, this is company earning money, not your fund manager......
Insider trading has received increased regulatory scrutiny in the Malaysian market over the past decade, posing several important questions for those who are privy to confidential information.
In the previous article (The Edge, Issue 1413, March 21), we looked at what exactly insider trading is, determining materiality in the context of insider trading as well as the interface between the Capital Markets and Services Act 2007 (CMSA) and Bursa Malaysia’s Main Market Listing Requirements. In this article, we will delve into considerations that directors need to take into account in the event they do not trade but procure another person, whether directly or indirectly, to buy or sell securities when the director is in possession of inside information, closed periods as defined by Bursa Malaysia, and actions that can be taken by Malaysian regulatory authorities in the event of a breach of insider trading prohibitions.
A director who doesn’t trade What if the director does not trade but procures another person, whether directly or indirectly, to buy or sell securities when the director is in possession of inside information? This is also a breach of the law under section 188(2) of the CMSA. Therefore, an insider who induces or encourages another person to buy or sell securities would be equally caught by the law (section 187 of the CMSA defines the term “procure” as “inciting, inducing, encouraging, or directing another person to carry out an act or omission”).
Similarly, a director who communicates inside information to another person, who then goes on to trade in the securities, also commits a breach of the law. Section 188(3) spells this out in clear terms. A famous case involving the tipping of inside information by a corporate insider is that of Rajat Gupta (Gupta v. United States 747 F.3d.19), who was convicted of engaging in and conspiring to engage in an insider trading scheme while serving on the boards of directors of various companies. The charges involved Gupta having tipped off Raj Rajaratnam, a fund manager of the Galleon Group who himself was convicted of insider trading.
Closed periods But surely, I can trade if it isn’t a closed period, as defined by Bursa’s rules? The answer to this is clear. While Bursa’s Listing Requirements place certain restrictions on trades during closed periods, this does not preclude the application of insider trading prohibitions, which are set out in the law, namely the CMSA. This means directors, while complying with the closed period trading rules set out by the stock exchange, would also have to apply their minds to their potential trades to determine if they are in possession of non-public material information. If they are in possession of such inside information, then regardless of whether they are outside of a closed period, the director should not trade. This is clear from the Listing Requirements themselves, which state that “an affected person must not deal in the listed securities of his own listed issuer or of other listed issuers as long as he is in possession of price-sensitive information relating to such listed securities”. (Rule 14.04 MMLR)
in its Issue No 1 of 2021 (covering its updates for the period between July 2020 and June 2021) insider trading actions taken and outcomes involving more than 12 individuals in trades involving eight public-listed companies (PLCs) over a period of time. The specific actions taken by the SC involve criminal charges, civil actions, both in cases of consent judgments being recorded and one case involving a full trial, and in several instances, regulatory settlements being entered into with the SC.
What actions can be taken for insider trading Under the CMSA, a breach of insider trading prohibitions can be visited with either criminal or civil actions. Criminal actions for breaches of the law, including the CMSA, as provided under Article 145(3) of the Federal Constitution, can only be instituted with the consent of the Public Prosecutor (section 375 of the CMSA). Such charges are laid before the Sessions Court and can proceed up to the Court of Appeal.
Another route which may be taken for insider trading breaches is by way of a civil action, which is filed in the High Court. In such an instance, the Securities Commission Malaysia (SC) may be able to claim up to three times the difference between the purchase or sale price and the likely price had the information been generally available (see subsections 201(5) and (201(6) of the CMSA). This is typically regarded as the profit made or the loss avoided by the insider. In addition, a civil penalty can also be claimed from the offender, up to a sum of RM1 million. In the Chan Soon Huat case [2018] 9 MLJ 782, the court ordered the defendant to pay a sum of RM3,238,761, which constituted three times the value of the loss avoided by the defendant due to his insider trades. In addition, he was ordered to pay a sum of RM500,000 as a civil penalty under section 201(6) of the CMSA.
The SC’s Reporter, which provides regulatory and enforcement updates by the capital market regulator, reports in its Issue No 1 of 2021 (covering its updates for the period between July 2020 and June 2021) insider trading actions taken and outcomes involving more than 12 individuals in trades involving eight public-listed companies (PLCs) over a period of time. The specific actions taken by the SC involve criminal charges, civil actions, both in cases of consent judgments being recorded and one case involving a full trial, and in several instances, regulatory settlements being entered into with the SC.
Breaches can also mean that directors and chief executives can lose their board positions as ordered by the court when a civil action is instituted by the regulator (see section 360(1)(L) of the CMSA). Section 318 of the CMSA also provides that the SC has the ability to apply to the court to disqualify a director or chief executive who has breached specific provisions in the CMSA, including the prohibition on insider trading.
In a recent case, as disclosed in the SC’s Reporter (Issue No 1 of 2021), the individuals concerned entered into consent judgments with the regulator where the terms of the judgment involved barring them from becoming a chief executive officer or director in any PLC or subsidiary of any PLC for a period of eight years; being involved in the management of any PLC and/or subsidiary of any PLC for a period of eight years; and being restrained from trading in any counter on Bursa for a period of eight years.
In another case, the consent judgment involved a barring of five years from being a director and trading on the stock exchange. In the Sreesanthan case, the High Court ordered that the defendant be barred from being a director of any PLC for a period of 10 years.
An extended limitation period of 12 years from the date of the breach or the date on which the SC discovered the breach, allows the regulator a longer period than normal to be able to institute the action.
Insider trading laws are designed to ensure that markets operate fairly and that those who have inside information do not abuse the informational advantage they have by trading while in possession of such information or communicating such information to others. It is useful therefore for insiders to know the limits prescribed by the CMSA to ensure that they do not run afoul of the law and are better positioned to discharge their obligations, given the far-reaching consequences that such breaches can bring about.
Funny to just simply said who who want to acquire when you are not insider, then said what mega project, this one you can said anything you want then, you can said wan build flying car, build what what, earn billions, even able to produce vaccine, mask, drill oil lol, problem is no one believe at all, else this thing already flying if you said till the management so capable....oh yah, funny as few days ago only you mention the management abusing this and that...
I notice a good reflection will be how the PASU warrant price really accurate on how even in such cheap price previously from 0.005-0.01 when the mother price above 0.05 which really a bargain buy but now we know it is not a bargain at all.......
KUALA LUMPUR (April 4): Business sentiment in the country was positive in the first quarter of 2022 (1Q22) amid the reopening of the economy, according to a survey by RAM Holdings Bhd and CTOS Data Systems Sdn Bhd.
The Business Confidence Index (BCI) Survey found that the overall index charted a positive sentiment reading of 55.4, the first since the start of the pandemic.
A reading of above 50 indicates positive or optimistic sentiment.
Projek hartanah yayasan ATM Di KL. High end at least rm1000 per sqf targeting foreigners as second home or even retirement.
Even rm1k per sqf, super cheap for them , RM had weakened a lot, cost of living is much cheaper here, the weather is good for retirees, English speaking country, etc
Lagipun nta Masih ~ 19sen Dari nta 26sen @31/12/2021 selepas pengarah2 mengambil ~400juta esos syer bagi diri sendiri! Pengarah2 juga boleh bersara Dan tinggal kat kondo mewah projek hartanah yayasan ATM kelak :)
KUALA LUMPUR: Malaysia has emerged as the number one nation that best supports the multi-trillion dollar global Islamic economy, revealed DinarStandard in its State of the Global Islamic Economy (SGIE) Report 2022.
The report offers a comprehensive look into the best-performing countries to address the growing Islamic economy opportunity.
The report said Malaysia continued to remain in the top spot in the overall rankings for the ninth consecutive year.
The jewel of pasukhas adalah projek hartanah yayasan ATM Di KL. Jika foreign group buat katakan ikut senibina Arab, jepun, dll yg tak pernah Ada disini, lagi syiok
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
26,431 posts
Posted by Good123 > 2022-04-01 21:55 | Report Abuse
Agreed! More protection for minority interests
@DickyMe3
Five years is a lenient jail term, it should be 10 years jail plus return of the money otherwise add another 10 years.
17 minutes ago