Deputy minister says 92 problematic private housing projects with RM5b GDV successfully restored in 1Q2023
Akmal said 80 out of the 92 projects had received the Certificate of Completion and Compliance (CCC).
Pegasus Heights venturing into moneylending business, proposes 86% capital reduction
The group’s executive director Toh Hong Chye will spearhead and oversee the moneylending business via PHB Capital Sdn Bhd.
OPR normalisation to pre-pandemic level of 3% likely to remain till end-2023, say economists
Economists positively viewed Bank Negara Malaysia's (BNM) surprise hike in the overnight policy rate (OPR) by 25 basis points to 3% on Wednesday (May 3), as they considered the move an indication of the domestic economy's resilience.
BNM makes surprise 25bps hike in OPR to 3%
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.
Most economists foresee BNM maintaining OPR at 2.75%
According to Bloomberg as of Tuesday afternoon, 16 out of 18 economists said BNM will keep the OPR at 2.75% — a rate unchanged since November last year.
Jiankun: Court rules JV partner's RM13m demand notice 'an abuse of court process'
The JV partner is Fivestar Development (Puchong) Sdn Bhd, who issued the notice in relation to a residential development in Petaling, Selangor, that the entities were jointly developing.
Malton says it's assessing the financial hit from Fed Court's decision to quash Taman Rimba Kiara project
Malton Bhd is now assessing the financial hit the group will have to take following the apex court's decision earlier on Tuesday (April 18) that quashed a luxury service apartment project that Malton's 51%-owned unit Menang Perkasa Sdn Bhd was building on a plot of Taman Rimba Kiara land here.
Jiankun buys land in Melaka for RM26m to undertake commercial development
The commercial development comprises retail, serviced apartments and office units.
SHH Resources CEO, whose father is on trial in Jana Wibawa case, steps down
He resigned “to pursue other interests”.
AmFIRST REIT’s 4Q NPI slips to RM15.7 mil on higher property expenses
AmFIRST Real Estate Investment Trust (AmFIRST REIT) saw its net property income (NPI) for the fourth quarter ended March 31, 2023 (4QFY2023) slip by 2.36% to RM15.73 million, from RM16.11 million a year ago, due to higher property expenses.
