News by M

Eastern & Oriental Bhd (E&O) saw its executive chairman and executive director increase their stake in the group with the conversion of irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares.

ECM Libra Group Bhd is to acquire two pieces of beachfront land in Johor for an aggregate RM36.86 million for future hospitality developments.

BMI, a Fitch Solutions company, has maintained that Bank Negara Malaysia (BNM) will keep the overnight policy rate on hold at 3% until end-2023 and begin cutting rates early in the first half of 2024 (1H2024), alongside other major central banks including the US Federal Reserve.

Most economists expect Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 3% till the end of 2024, noting that the central bank’s  focus has now shifted to ensuring stable economic growth in the face of external risks such as the resumption of the US Federal Reserve’s interest rate hike and China’s credit contagion effects.

Fiamma Holdings Bhd said it has paid RM109.65 million for an alienation land approval to develop a 1.88-acre land along Jalan Yap Kwan Seng.

Buyers of Avaland Bhd's green-certified properties will be able to enjoy lower interest rates following the signing of a memorandum of understanding (MOU) with Alliance Bank today.

Amidst the towering skyline of Malaysia's urban centres, a different kind of landscape unfolds – one of unfinished projects and shattered hopes.

SkyWorld Development (Vietnam) Company Ltd, a wholly owned subsidiary of SkyWorld Development Bhd, is acquiring 1.3 acres (0.53 hectare) of land in Ho Chi Minh City, Vietnam.

Bank Negara Malaysia (BNM) has decided to keep the overnight policy rate (OPR) at 3%, amid robust domestic demand supported by strong labour market conditions.