NOTE: I'm proud of my Church, Hope Malaysia, working with Penang State Government to make a record 20,000 mudballs on 5 December 2010. This is part of the activities of my Church CONVENTION which held ONCE A YEAR. This is the 15th edition where 1500+ people from 30+ Churches in All over Malaysia participated. Without further ado, here's an Article by The Star depicting the event...
The Star Metro, NORTH: Monday December 6, 2010
Having a ball
By MANJIT KAUR
manjit@thestar.com.my
Greening Penang: Volunteers tossing mud ball into the nearby Prangin Canal.
A TOTAL of 1,500 volunteers from Hope International Ministries did not mind getting their hands dirty out of their concern for Mother Nature.
They went ahead to produce a record of 20,000 micro-organism mud balls in Penang.
It was believed to be the biggest gathering ever for such an event.
The volunteers were not only from all over Malaysia, but some even came from Singapore and Taiwan including foreign students enrolled in local colleges.
Those from the foreign countries were amazed by the technology used. According to them, they had never heard or made such mud balls before.
To ensure a speedy process, five mixers were used to mix the ingredients including soil and rice husk to produce what is called ‘Beneficial Indigenous’ micro-organism.
Environmental effort: Several volunteers preparing the mud balls for distribution.
The volunteers, dressed in orange, red and blue T-shirts started to make the mud balls as fast as possible, and within an hour their work was accomplished during the event yesterday.
“My team including me were just amazed and excited,” said Jessica Jen, a pastor of Hope Church in Taipei.
The 39-year-old said it was the group’s first visit here and they did not mind getting their hands dirty.
She said eight church members were present to lend a helping hand.
“Months ago we were given a briefing by our counterparts from Penang on the event, and we immediately agreed to participate,” she added.
The event, part of the state’s ‘Cleaner, Greener Penang’ initiative, started at 2pm at a car park near Komtar Walk.
It was jointly organised by Hope Penang, the state government and both local councils here with the cooperation from Hope International Ministries.
Leong Chung Nang, 32, said this was the first time that his 17 church members from Singapore were making mud balls.
The engineer said as far as he was concerned, he had not seen Singaporeans making such mud balls.
There were also several foreign students, who were all geared up for it. Among them were Linda Ingabire, 20, a banking and finance student from Multimedia University in Malacca, and Ido Anietie, 21, a computer science student from Inti International College Kuching.
Anietie, who originates from Nigeria said it was “cool” to help making the environment cleaner, while Ingabire from Uganda said she had never heard of such a technology back home.
Southwest district environment coordinator Sim Tze Tzin said the mud balls made would be left to ferment and dry.
Sim, who is also the Pantai Jerejak assemblyman, said 5,000 mud balls that had already been fermented were the ones that were thrown into the nearby Prangin Canal.
Sim said he was grateful to Hope for its time and effort to ensure the success of the event.
The volunteers then proceeded to the canal at about 3.30pm and they had fun tossing the mud balls in. The technology is known to stop algae growth and break down sludge in ponds, lakes, rivers and drains.
END OF ARTICLE...
These blogs are about my thoughts, my life and lastly opinions on current events, entertainment, ministry, my Jobs (as New Car Salesman, REAL ESTATE AGENT and blogger) and lastly ramblings... So sit back, relax, and enjoy the ride!
Nuffnang!
Sunday, December 12, 2010
I'm on web TV...
I AM ON WEB TV... Check it out:
A TOTAL of 1,500 volunteers from Hope International Ministries did not mind getting their hands dirty out of their concern for Mother Nature.
They went ahead to produce a record of 20,000 micro-organism mud balls in Penang.
It was believed to be the biggest gathering ever for such an event.
The volunteers were not only from all over Malaysia, but some even came from Singapore and Taiwan including foreign students enrolled in local colleges.
Those from the foreign countries were amazed by the technology used. According to them, they had never heard or made such mud balls before.
To ensure a speedy process, five mixers were used to mix the ingredients including soil and rice husk to produce what is called 'Beneficial Indigenous' micro-organism.
he event, part of the state's 'Cleaner, Greener Penang' initiative, started at 2pm at a car park near Komtar Walk.
It was jointly organised by Hope Penang, the state government and both local councils here with the cooperation from Hope International Ministries.
Sim, who is also the Pantai Jerejak assemblyman, said 5,000 mud balls that had already been fermented were the ones that were thrown into the nearby Prangin Canal.
Sim said he was grateful to Hope for its time and effort to ensure the success of the event.
The volunteers then proceeded to the canal at about 3.30pm and they had fun tossing the mud balls in. The technology is known to stop algae growth and break down sludge in ponds, lakes, rivers and drains.
Video by TT Loo, edited by Jimmy Leow
A TOTAL of 1,500 volunteers from Hope International Ministries did not mind getting their hands dirty out of their concern for Mother Nature.
They went ahead to produce a record of 20,000 micro-organism mud balls in Penang.
It was believed to be the biggest gathering ever for such an event.
The volunteers were not only from all over Malaysia, but some even came from Singapore and Taiwan including foreign students enrolled in local colleges.
Those from the foreign countries were amazed by the technology used. According to them, they had never heard or made such mud balls before.
To ensure a speedy process, five mixers were used to mix the ingredients including soil and rice husk to produce what is called 'Beneficial Indigenous' micro-organism.
he event, part of the state's 'Cleaner, Greener Penang' initiative, started at 2pm at a car park near Komtar Walk.
It was jointly organised by Hope Penang, the state government and both local councils here with the cooperation from Hope International Ministries.
Sim, who is also the Pantai Jerejak assemblyman, said 5,000 mud balls that had already been fermented were the ones that were thrown into the nearby Prangin Canal.
Sim said he was grateful to Hope for its time and effort to ensure the success of the event.
The volunteers then proceeded to the canal at about 3.30pm and they had fun tossing the mud balls in. The technology is known to stop algae growth and break down sludge in ponds, lakes, rivers and drains.
Video by TT Loo, edited by Jimmy Leow
Friday, December 03, 2010
ARTICLES: Fuel Hike again...
Fuel hikes on cards, key players meeting today
SOURCE: http://www.themalaysianinsider.com/malaysia/article/fuel-hikes-on-cards-key-players-meeting-today/
UPDATED @ 04:08:01 PM 03-12-2010
By Yow Hong Chieh
December 03, 2010
Idris Jala to be at the meeting.
Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob and Pemandu CEO Datuk Seri Idris Jala have called for a “very important meeting” at 3.00pm in Putrajaya to discuss the second wave of subsidy rationalisation.
“The government’s intention to allow market mechanisms to determine prices of essential goods and output to ensure better allocation of national resources, reduce wastage and increase the efficiency of the economy is expected to continue into 2011 as it remains committed towards subsidy rationalisation,” the media invite read.
Fuel subsidy was last cut in July 16, when prices went up by 5 sen per litre for petrol and diesel, and 10 sen per kg for liquefied petroleum gas (LPG).
Today’s possible fuel price hike move will come only two days after the price of RON97 petrol was increased by 15 sen per litre to RM2.30. It was the second RON97 price hike announced in a month following a 5 sen increase on November 1.
RON97 is subject to a managed float to reflect the price of petrol in the global market.
Yesterday, Bernama reported that the government was considering standardising the price of diesel, which is sold at different rates according to use.
Diesel is sold at RM1.75 at the pump, RM1.25 to fishermen, RM1.45 to the transportation sector and RM2.05 to the industrial sector.
Ismail Sabri said yesterday that people were taking advantage of the subsidised prices to trade in the fuel.
“We propose to study the diesel price subsidy system again,” he told reporters after chairing a meeting on diesel abuse.
4-dalam-1: Harga petrol, diesel, gas, gula naik lagi
Dis 3, 10 5:07pm
Kongsi 2093
Harga petrol RON95, diesel, Petroleum Gas Cecair (LPG) dan gula dijangka mengalami kenaikan lagi mulai tengah malam ini. Ia berikutan keputusan kerajaan menyelaraskan kadar subsidi.Dua hari lalu, petrol RON 97 naik sebanyak 15 sen kepada RM2.30 seliter. Kenaikan itu berikutan perubahan harga pasaran yang diapungkan sejak Julai lalu.
Harga diesel pula dipercayai dinaikkan 5 sen menjadikannya RM1.80 seliter manakala gas LPG juga naik 5 sen menjadikan harganya RM1.90 sekilogram.
Harga gula pula dikatakan akan naik 20 sen menjadikan harganya RM2.10 sekilogram.
Malaysiakini turut dijemput ke taklimat itu melalui panggilan telefon tetapi wartawan kami dihalang memasuki ibupejabat Unit Kordinasi dan Pelaksanaan di Pejabat Perdana Menteri, kemudiannya tanpa sebarang alasan.
Pengumuman rasmi daripada Jabatan Perdana Menteri berhubung kenaikkan ini dijangkakan pada jam 8 malam.
Kali terakhir harga barangan meningkat adalah pada 15 Julai lalu. Ia membabitkan kenaikan 5-dalam-1. Barangan yang terjejas itu adalah dua gred petrol, diesel, gula dan gas.
Wednesday, November 17, 2010
Selamat Hari Raya Haji... What's it about? Read on...
Selamat Hari Raya Haji atau Hari Raya Aidil-Adha kepada semua Umat Islam/Islamah. What's it about? I wondered...
After some research (Google), here's the BACKGROUND of this SPECIAL OCCASION:
(Source: http://en.wikipedia.org/wiki/Eid_al-Adha)
According to Islamic tradition, approximately four thousand years ago, the valley of Mecca (in what is now Saudi Arabia) was a dry, rocky and uninhabited place. Abraham ('Ibraheem in Arabic) was instructed to bring his Egyptian wife Hagar (Hāǧar) and Ishmael, his only child at the time (Ismā'īl), to Arabia from the land of Canaan (in Palestine as well as parts of Lebanon, Jordan, Syria, and Sinai) by God's command.
As Abraham was ready to return to Canaan, Hagar asked him, "Did Allah (God) order you to leave us here?" When Abraham replied: "Yes, I was directed by Allah (God)," Hagar said, "Then Allah will not forget us; you can go". Although Abraham had left a large quantity of food and water with Hagar and Ishmael, the supplies quickly ran out, and within a few days the two began to feel the pangs of hunger and dehydration.
Hagar ran up and down between two hills called Al-Safa and Al-Marwah seven times, in her desperate quest for water. Exhausted, she finally collapsed beside her baby Ishmael and prayed to God for deliverance. Miraculously, a spring of water gushed forth from the earth at the feet of baby Ishmael. Other accounts have the angel Gabriel (Jibril) striking the earth and causing the spring to flow in abundance. With this secure water supply, known as the Zamzam Well, they were not only able to provide for their own needs, but were also able to trade water with passing nomads for food and supplies.
Years later, Abraham was instructed by God to return from Palestine to build a place of worship adjacent to Hagar's well (the Zamzam Well). Abraham and Ishmael constructed a stone and mortar structure —known as the Kaaba— which was to be the gathering place for all who wished to strengthen their faith in God. As the years passed, Ishmael was blessed with Prophethood (Nubuwwah) and gave the nomads of the desert his message of submission to God. After many centuries, Mecca became a thriving desert city and a major center for trade, thanks to its reliable water source, the well of Zamzam.
One of the main trials of Abraham's life was to face the command of God to devote his dearest possession, his only son. Upon hearing this command, he prepared to submit to God's will. During this preparation, Satan (Shaitan) tempted Abraham and his family by trying to dissuade them from carrying out God's commandment, and Ibrahim and Ishmael drove Satan away by throwing pebbles at him. In commemoration of their rejection of Satan, stones are thrown at symbolic pillars signifying Satan during the Hajj rites.
When Ishmael was about 13 (Ibrahim being 99), Allah (God) decided to test their faith in and submission to Allah in public. Both father and son were put through the most difficult test of their love for Allah. Abraham had a recurring dream, in which God was commanding him to offer his son as a sacrifice – an unimaginable act – sacrificing his son, which God had granted him after many years of deep prayer, the one who had been the centre of his affection and love for all these years. Abraham knew that the dreams of the prophets were inspired by Allah, and one of the ways in which God communicated with his prophets. This must be what Allah had wanted him to do. When the intent of the dreams became clear to him, Abraham decided to fulfil God's command and offer his beloved son in sacrifice.
Although Abraham was ready to sacrifice his dearest for Allah’s sake, he could not just go and drag his son to the place of sacrifice without his consent. Isma'el had to be consulted as to whether he was willing to give up his life as fulfillment to God's command. This consultation would be a major test of Isma'el’s maturity in faith, love and commitment for Allah, willingness to obey his father and sacrifice his own life for the sake of Allah.
Abraham presented the matter to his son and asked for his opinion about the dreams of slaughtering him. Ishmael’s reaction was absolutely astounding. He did not show any hesitation or reservation even for a moment. He said, “Father, do what you have been commanded. You will find me, Insha'Allah (God willing), to be very patient.” His mature response, his deep insight into the nature of dad’s dreams, his commitment to Allah, and ultimately his willingness to sacrifice his own life for the sake of Allah were all unprecedented.
When both father and son had shown their perfect obedience to Allah and they had practically demonstrated their willingness to sacrifice their most precious possessions for His sake—Abraham by laying down his son for sacrifice and Ishmael by lying patiently under the knife – Allah called out to them stating that his sincere intentions had been accepted, and that he need not carry out the killing of Ishmael. Instead, Abraham was told to replace his son with a ram to sacrifice instead. Allah also told them that they had passed the test imposed upon them by his willingness to carry out God's command.
This is mentioned in the Qur'an as follows:
"O my Lord! Grant me a righteous (son)!" So We gave him the good news of a boy, possessing forbearance. And when (his son) was old enough to walk and work with him, (Abraham) said: O my dear son, I see in vision that I offer you in sacrifice: Now see what is your view!" (The son) said: "O my father! Do what you are commanded; if Allah wills, you will find me one practising patience and steadfastness!" So when they both submitted and he threw him down upon his forehead, We called out to him saying: O Ibraheem! You have indeed fulfilled the vision; surely thus do We reward those who do good. Most surely this was a manifest trial. And We ransomed him with a momentous sacrifice. And We perpetuated (praise) to him among the later generations. "Peace and salutation to Abraham!"
Thus indeed do We reward those who do right. Surely he was one of Our believing servants.
As a reward for this sacrifice, Allah then granted Abraham the good news of the birth of his second son, Is-haaq (Isaac):
And We gave him the good news of Is-haaq, a prophet from among the righteous. [12]
Abraham had shown that his love for his god superseded all others: that he would lay down his own life or the lives of those dearest to him in submission to God's command. Muslims commemorate this ultimate act of sacrifice every year during Eid al-Adha.
THE END...
THAT"S ALL FOLKS, Thanks for having the time and patience to read this post entry.
After some research (Google), here's the BACKGROUND of this SPECIAL OCCASION:
(Source: http://en.wikipedia.org/wiki/Eid_al-Adha)
According to Islamic tradition, approximately four thousand years ago, the valley of Mecca (in what is now Saudi Arabia) was a dry, rocky and uninhabited place. Abraham ('Ibraheem in Arabic) was instructed to bring his Egyptian wife Hagar (Hāǧar) and Ishmael, his only child at the time (Ismā'īl), to Arabia from the land of Canaan (in Palestine as well as parts of Lebanon, Jordan, Syria, and Sinai) by God's command.
As Abraham was ready to return to Canaan, Hagar asked him, "Did Allah (God) order you to leave us here?" When Abraham replied: "Yes, I was directed by Allah (God)," Hagar said, "Then Allah will not forget us; you can go". Although Abraham had left a large quantity of food and water with Hagar and Ishmael, the supplies quickly ran out, and within a few days the two began to feel the pangs of hunger and dehydration.
Hagar ran up and down between two hills called Al-Safa and Al-Marwah seven times, in her desperate quest for water. Exhausted, she finally collapsed beside her baby Ishmael and prayed to God for deliverance. Miraculously, a spring of water gushed forth from the earth at the feet of baby Ishmael. Other accounts have the angel Gabriel (Jibril) striking the earth and causing the spring to flow in abundance. With this secure water supply, known as the Zamzam Well, they were not only able to provide for their own needs, but were also able to trade water with passing nomads for food and supplies.
Years later, Abraham was instructed by God to return from Palestine to build a place of worship adjacent to Hagar's well (the Zamzam Well). Abraham and Ishmael constructed a stone and mortar structure —known as the Kaaba— which was to be the gathering place for all who wished to strengthen their faith in God. As the years passed, Ishmael was blessed with Prophethood (Nubuwwah) and gave the nomads of the desert his message of submission to God. After many centuries, Mecca became a thriving desert city and a major center for trade, thanks to its reliable water source, the well of Zamzam.
One of the main trials of Abraham's life was to face the command of God to devote his dearest possession, his only son. Upon hearing this command, he prepared to submit to God's will. During this preparation, Satan (Shaitan) tempted Abraham and his family by trying to dissuade them from carrying out God's commandment, and Ibrahim and Ishmael drove Satan away by throwing pebbles at him. In commemoration of their rejection of Satan, stones are thrown at symbolic pillars signifying Satan during the Hajj rites.
When Ishmael was about 13 (Ibrahim being 99), Allah (God) decided to test their faith in and submission to Allah in public. Both father and son were put through the most difficult test of their love for Allah. Abraham had a recurring dream, in which God was commanding him to offer his son as a sacrifice – an unimaginable act – sacrificing his son, which God had granted him after many years of deep prayer, the one who had been the centre of his affection and love for all these years. Abraham knew that the dreams of the prophets were inspired by Allah, and one of the ways in which God communicated with his prophets. This must be what Allah had wanted him to do. When the intent of the dreams became clear to him, Abraham decided to fulfil God's command and offer his beloved son in sacrifice.
Although Abraham was ready to sacrifice his dearest for Allah’s sake, he could not just go and drag his son to the place of sacrifice without his consent. Isma'el had to be consulted as to whether he was willing to give up his life as fulfillment to God's command. This consultation would be a major test of Isma'el’s maturity in faith, love and commitment for Allah, willingness to obey his father and sacrifice his own life for the sake of Allah.
Abraham presented the matter to his son and asked for his opinion about the dreams of slaughtering him. Ishmael’s reaction was absolutely astounding. He did not show any hesitation or reservation even for a moment. He said, “Father, do what you have been commanded. You will find me, Insha'Allah (God willing), to be very patient.” His mature response, his deep insight into the nature of dad’s dreams, his commitment to Allah, and ultimately his willingness to sacrifice his own life for the sake of Allah were all unprecedented.
When both father and son had shown their perfect obedience to Allah and they had practically demonstrated their willingness to sacrifice their most precious possessions for His sake—Abraham by laying down his son for sacrifice and Ishmael by lying patiently under the knife – Allah called out to them stating that his sincere intentions had been accepted, and that he need not carry out the killing of Ishmael. Instead, Abraham was told to replace his son with a ram to sacrifice instead. Allah also told them that they had passed the test imposed upon them by his willingness to carry out God's command.
This is mentioned in the Qur'an as follows:
"O my Lord! Grant me a righteous (son)!" So We gave him the good news of a boy, possessing forbearance. And when (his son) was old enough to walk and work with him, (Abraham) said: O my dear son, I see in vision that I offer you in sacrifice: Now see what is your view!" (The son) said: "O my father! Do what you are commanded; if Allah wills, you will find me one practising patience and steadfastness!" So when they both submitted and he threw him down upon his forehead, We called out to him saying: O Ibraheem! You have indeed fulfilled the vision; surely thus do We reward those who do good. Most surely this was a manifest trial. And We ransomed him with a momentous sacrifice. And We perpetuated (praise) to him among the later generations. "Peace and salutation to Abraham!"
Thus indeed do We reward those who do right. Surely he was one of Our believing servants.
As a reward for this sacrifice, Allah then granted Abraham the good news of the birth of his second son, Is-haaq (Isaac):
And We gave him the good news of Is-haaq, a prophet from among the righteous. [12]
Abraham had shown that his love for his god superseded all others: that he would lay down his own life or the lives of those dearest to him in submission to God's command. Muslims commemorate this ultimate act of sacrifice every year during Eid al-Adha.
THE END...
THAT"S ALL FOLKS, Thanks for having the time and patience to read this post entry.
Monday, November 15, 2010
Nick Vujicic: No Arms No Legs No Worries
NICK VUJICIC: No Arms No Legs No Worries
NEW! Nick Vujicic is now an author. Find out more by clicking Life Without Limits: Inspiration for a Ridiculously Good Life! The first book by: Nick Vujicic.
ABOUT NICK VUJICIC: Imagine being born without arms. No arms to wrap around someone, no hands to experience touch, or to hold another hand with. Or what about being born without legs? Having no ability to dance, walk, run, or even stand on two feet. Now put both of those scenarios together: no arms and no legs. What would you do? How would that effect your everyday life?
Meet Nick Vujicic... Born in 1982 in Melbourne, Australia, without any medical explanation or warning, Nicholas Vujicic (pronounced Voy-a-chich) came into the world with neither arms or legs. Having had an uneventful pregnancy and no family history to expect this condition, imagine the shock his parents felt when they saw their first born, brand new baby boy, only to find he was what the world would consider... Click the following link to see Nick's Story: http://www.attitudeisaltitude.com/aboutus-nick.php
No Arms No Legs No Worries
Source: http://www.youtube.com/watch?v=ciYk-UwqFKA
Hope you are inspired after reading/viewing this. That's all folks, thanks for having the time and patience to read this blog entry.
Fw: Bukit Aman scam
Subject: Fw: Bukit Aman scam
Dear all,
This just happened a few minutes ago. Somebody by the name of Inspector Chew King Hwa from Bukit Aman had called my husband's hand phone looking for me saying that I was implicated in some money laundering cases (I really wished that I had those money). He gave a contact number which was 03-2262 6222.
When I checked online, it is true that the number belongs to Bukit Aman HQ. So I called using my office phone to the number and I was told by the operator at the Bukit Aman HQ that there is a syndicate with inside people from Celcom and Telekom which is running these scams. They offer to settle your case outside and ask for money to bank into certain accounts. The operator said everyday the Bukit Aman HQ receives 40-50 calls from the public, people like me asking for verification. Bukit Aman said they will change their phone number soon because of this scam.
The clever thing about this group is that, when they call you on your hand phone, the number shown would be 03-2262 6222. I guess if you call this number from hand phone, or directly pressing on the number received on your hand phone without re-keying in the numbers again through the keypad, you will reach the syndicate as they must have manipulated either the caller identity and created a fake line with the insiders' assistance from Celcom/ Maxis/Digi. But if you call the same number using land line (Telekom) as I did, only will you be able to reach the real Bukit Aman HQ.
So it looks like the con men are also getting smarter. But you can straightaway tell from the way the caller speaks, that he is not very educated and hence not likely to be of the caliber of an officer.
Hope you will tell your family and friends.
Dear all,
This just happened a few minutes ago. Somebody by the name of Inspector Chew King Hwa from Bukit Aman had called my husband's hand phone looking for me saying that I was implicated in some money laundering cases (I really wished that I had those money). He gave a contact number which was 03-2262 6222.
When I checked online, it is true that the number belongs to Bukit Aman HQ. So I called using my office phone to the number and I was told by the operator at the Bukit Aman HQ that there is a syndicate with inside people from Celcom and Telekom which is running these scams. They offer to settle your case outside and ask for money to bank into certain accounts. The operator said everyday the Bukit Aman HQ receives 40-50 calls from the public, people like me asking for verification. Bukit Aman said they will change their phone number soon because of this scam.
The clever thing about this group is that, when they call you on your hand phone, the number shown would be 03-2262 6222. I guess if you call this number from hand phone, or directly pressing on the number received on your hand phone without re-keying in the numbers again through the keypad, you will reach the syndicate as they must have manipulated either the caller identity and created a fake line with the insiders' assistance from Celcom/ Maxis/Digi. But if you call the same number using land line (Telekom) as I did, only will you be able to reach the real Bukit Aman HQ.
So it looks like the con men are also getting smarter. But you can straightaway tell from the way the caller speaks, that he is not very educated and hence not likely to be of the caliber of an officer.
Hope you will tell your family and friends.
I think they target the Chinese.
M Lian
M Lian
CHECK YOUR PASSPORT at the Airports....
Subject: Fwd: CHECK YOUR PASSPORT at the Airports....
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Thursday, November 04, 2010
The Star: Buyers to pay more after second house
The Star, Thursday November 4, 2010
Buyers to pay more after second house
KUALA LUMPUR: Malaysians have to fork out more money from today to buy more than two houses after Bank Negara slammed the brakes on property speculation.
The central bank announced with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70% for people buying their third or more house, meaning those wanting their third property onwards have to come out with their own cash amounting to 30% of the value of the house.
“Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies,” Bank Negara said in a statement yesterday.
The central bank said at the national level, property prices had increased steadily and remained manageable compared with the historical trends but for certain hot locations, particularly around the urban areas, faster growth in prices and transactions had been seen.
“This is further supported by an increase in financing provided for multiple unit purchases by a single borrower, suggesting increasing investment activity that is of a speculative nature,” it said.
For Further Reading:
From Star Business:
Support for Bank Negara’s housing LVR cap move
From Star Property:
http://www.starproperty.my/PropertyGuide/Finance/7697/0/0
END...
That's all folks, thanks for having the time and patience to read this blog entry.
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