New Property Projects @ Genting Highlands

Nestled near the border of Selangor about 35km away from Kuala Lumpur, Genting represents a popular weekend getaway from KL, connected by highways, roads, and cable car.

Since 1971, Genting Highlands has remained Malaysia's only legal gambling outfit - its mini Las Vegas on a mountaintop. While the casinos are central to Genting Highlands, a theme park provides fun rides and activities for adults and children alike, while SkyAvenue and First World Plaza are colourful shopping complexes with restaurants, entertainment, and boutique outlets.

Due to the above attractions and cool temperatures, Genting Highlands has become a popular tourist spot in Malaysia. And, many people are eager to own a property up there, whether as a second home or for investment purposes.

Lately, numerous new property projects are on the way up the mountain. But, would it be too crowded all the way up to Genting Highlands?

Here are some of the new projects:

What's going on with Ringgit? BNM explains...

Ongoing developments in global financial markets have weighed down on market sentiment. These include the US debt ceiling impasse and episodes of stress in the US and European banking sectors.

This has led to an increase in demand for safe-haven assets such as the US dollar and outflows from most emerging market economies as investors seek to protect their investments. 💟

Against this backdrop, the US dollar has strengthened against most currencies.

OPR Hikes have caused Financial Hardship for Borrowers?

There were noises from the general public and politicians questioning the recent BNM's OPR hike. Deemed as a surprise hike in the OPR, some quarters said that this has caused unnecessary financial hardship to borrowers, particularly individuals and small and medium-sized enterprises (SMEs).

So, do OPR hikes have really caused financial hardship for borrowers?

Below is the answer provided by BNM:

OPR Hike will Affect Economic Growth?

Monetary policy decisions affect many facets of a nation’s economy. As such, it is often the case that such decisions are closely watched and debated not just by financial markets, but also by the general public.

The lively conversations around the BNM Monetary Policy Committee’s (MPC) decision to raise the OPR by 25 basis points on 3 May exemplify this fact.

Deciding on the OPR isn’t something BNM takes lightly. There are many factors that the MPC considers. BNM's analysis is based on a broad range of forward-looking data and engagement with various industries and consumers.

So, would OPR hike affect our economic growth?

Below is the answer provided by BNM:

Huobi Global is Operating Illegally in Malaysia

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for operating a digital asset exchange (DAX) in Malaysia without registration.

Accordingly, the SC has issued a public reprimand against Huobi Global Limited, and Leon Li for operating illegally in Malaysia.