NEWS
DBKK Tears Down 30 Illegal Squatters
SB
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City Hall began demolition works on 30 squatter houses along Jalan Pinggir 1 and Jalan Pinggir 2 at Bukit Bendera on Wednesday , Jan 18 .
Assistant Enforcement Officer , Inspector Mohd Romzi Bin Musa said 25 personnel took part in the operation that involved the State Land and Survey Department and Water Department as well as the police .
“ All the squatters here had been given ample notice to vacate their homes , which was followed by demolition work at the orders of Mayor Datuk Yeo Boon Hai , after the expiry of the grace period ,”
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he told reporters during the operation .
A month-long warning eviction notice was issued on Dec 17 last year against houses built illegally on government-owned land .
According to Mohd Romzi , the squatters consist of locals from Kudat who sought work in the city with no place stay and had been living illegally in the area for over twenty years .
“ They are still appealing for help to authorities since last year to be resettled under the People ’ s Housing Programme ( PPR ) units but have yet received any
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response ,” he said and added there are no vacant PPR units for the time being .
Mohd Romzi said the squatter families were also assisted by officers to move their belongings which will be stored temporarily at an old Public Works Department ( JKR ) housing quarters before
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Demolition process to kick off demolition work is carried out .
He said there are no plans to relocate the squatters , noting personnel were just carrying out orders to demolish illegal structures in the second operation by authorities against illegal squatters this year .
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Is Now the Right Time to Invest in Singapore ?
BK
Bank Negara Malaysia ( BNM ) has maintained the Overnight Policy Rate ( OPR ) at 3.00 per cent .
BNM said at the current OPR level , the degree of monetary accommodativeness was consistent with policy stance to ensure the domestic economy continues on a steady growth path , amid stable core inflation , supported by sustained financial intermediation in the economy .
“ While the risks of destabilising financial imbalances are contained , the Monetary Policy Committee ( MPC ) will monitor these risks to ensure the sustainability of the overall growth prospects .
“ The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation ,” the central bank
34 www . PropertyHunter . com . my said in a statement , after the first MPC meeting for the year yesterday .
BNM said the global economy continued to grow at a moderate pace , while economic activity in the major advanced economies had improved and growth in Asia , supported by domestic demand amid some recovery in external demand .
Nevertheless , heightened uncertainty and downside risks to global growth remain , arising from risks of protectionism , geopolitical developments and commodity price volatility , it added .
“ These risks could also lead to episodes of increased financial market volatility ,” the central bank said .
BNM will continue to provide liquidity to ensure the orderly functioning of the financial market
For Malaysia , BNM said the latest indicators point to continued expansion in the fourth quarter of 2016 .
The central bank said headline inflation averaged 2.1 percent in 2016 and is expected to average higher in 2017 , amid the prospect of higher global oil prices .
“ The ringgit , along with other emerging market currencies , has seen a reduction in volatility since the sharp adjustments experienced towards the end of 2016 ,” it said .
In another development , BNM said it will continue to provide liquidity to ensure the orderly functioning of the financial market .
It said uncertainties in the global economy , the policy environment and geopolitical developments might result in bouts of volatility in the regional financial and foreign exchange markets .