News by M

Nexgram Holding Bhd said it is aborting its plan to acquire a resort in Langkawi for RM90 million to be used as a healthcare service facility.

Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.

Able Global Bhd — through its 70%-owned subsidiary Able Development Sdn Bhd (ADSB) — plans to sell its 23.538-acre land in Kuala Langat, Selangor, for RM18.45 million.

Prime Minister Datuk Seri Anwar Ibrahim: I welcome different opinions; I do not agree in principle with a special withdrawal of the people’s retirement savings. [But] I will ensure EPF allows contributors who have money yet facing financial difficulties to borrow from banks by using their EPF savings as collateral or guarantee

Walaupun ramai akan berasa bimbang untuk memulakan perniagaan semasa kemelesetan ekonomi, pengasas Firdaus & Associates Group of Companies, Datuk Firdaus Musa, memutuskan untuk memulakan syarikat hartanahnya pada masa itu juga.

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.

Formerly known as Selayang Star City, the 168 Park Selayang development was previously developed by Leadmont Group offering three high-rise residential towers, a serviced suites block and a mall.

Putrajaya is seeking Parliament approval to convert some RM165.28 million government loan to UDA Holdings Bhd into equity investment, effectively forgiving these borrowings to the Ministry of Finance-owned property developer, according to motions filed to the Dewan Rakyat.

Advancecon Holdings Bhd’s second largest shareholder Lim Swee Chai has filed an originating summons against the company to nullify his removal as director last year.

Noteworthy:

• Freehold
• Built-up size: 4,620 sq ft
• Land size: 1,540 sq ft
• Shoplot 
• Three bathrooms
• Unfurnished
• Nearby amenities: Convenience stores, F&B outlets, Midvalley Southkey Mall, Toppen Shopping Centre, AEON Mall Bandar Dato Onn. 
• Accessibility: Pasir Gudang highway, Senai-Desaru expressway

When: November 2022