Sunway Bhd’s acquisition of 5.09 acres of freehold land in Sri Hartamas for RM170 million, with an additional RM50 million if the group managed to increase the development plot ratio (PR), is deemed fair by analysts.
The PSI reclamation project, as indicated earlier by the government, will be slashed by 49% with the cancellation of Island B and Island C.
Liew first joined the property development company in March 2019 as a special officer to the group managing director.
The Employees Provident Fund (EPF) said almost half or 34,643 of the 74,392 applications received under MBSB Bank’s Ihsan-i Account 2 Support Facility (FSA2) are qualified to obtain loans amounting to RM722 million.
MBSB Bank Bhd appears to be the first to announce an Employees Provident Fund (EPF)-backed loan, or the Account 2 Support Facility (FSA2), for members aged between 40 and 55.
MARC Ratings has assigned preliminary ratings of AIS(cg)/MARC-1IS(cg) to SkyWorld Capital Bhd’s proposed RM300 million Islamic medium-term notes (MTN)/commercial papers programmes with a stable outlook.
Masteel said it earned three out of four stars in the ESG Ratings among public listed companies in FBM EMAS, placing it within the top 26%-50% of PLCs assessed by FTSE Russell.
Although Bank Negara Malaysia (BNM) unexpectedly kept interest rates on hold at its Jan 19 meeting, Fitch Solutions maintained its forecast that the overnight policy rate will be raised to 3.25% over the coming months.
Economists expect more overnight policy rate (OPR) hikes to combat inflationary pressures in 2023, with CGS-CIMB expecting two more 25-basis-point increases to 3.25% from 2.75% currently.
MARC Ratings has affirmed its rating of AA+ with a stable outlook for Sime Darby Property Bhd’s (SD Property) RM4.5 billion Islamic medium-term notes (IMTN) programme (Sukuk Musharakah). The outstanding under the rated programme stood at RM800 million as of Nov 30, 2022.
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