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.