PENANG (June 11): The state government here is lowering the prices of affordable housing to “between RM15,000 and RM35,000,” FMT reported today. The same report also said that the authorities here want to “relax the pricing rules for foreigners” who buy property in Penang. State local government committee chairman JagdeepRead More →

What is a minimum price contract? A minimum price contract is a forward contract that guarantees the seller a minimum delivery price. This type of arrangement is used with commodities to protect producers from price fluctuations in the market. Minimum price contracts are common in agricultural sales, for example theRead More →