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Exemption from stamp duty for first-time home owners buying properties below RM500,000
KUALA LUMPUR (July 15): Prime Minister Datuk Seri Ismail Sabri Yaakob on Friday announced a 100% stamp duty exemption for first-time home owners of properties priced at RM500,000 and below through the Malaysian Family Home Ownership Initiative (i-MILIKI). from June 1, 2022 to December 2023. He said the 50% stamp duty exemption incentive, meanwhile, will […]
Bank Negara Malaysia (BNM) has announced the release of the Revised Reference Rate Framework, which will come into force on 1 August 2022.
Bank Negara Malaysia (BNM) has announced the release of the Revised Reference Rate Framework, which will come into effect on 1 August 2022. Under this new framework, the Standard Base Rate (SBR) will be used as the reference rate for new floating retail- lending rates, replacing the existing Base Rate (BR). First, it helps to understand how interest rates […]