News by M

Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from a record low of 1.75% as global inflationary pressures have increased sharply and after taking into account that the sustained reopening of global economy and improvement in labour markets continue to support the recovery of economic activity from the impact of Covid-19-driven movement restrictions.

Construction outfit Nestcon Bhd has received a letter of award (LoA) for a job worth RM85 million to design and build an integrated offsite scheduled wastes recovery facility in Kerteh, Terengganu.

Sunsuria Bhd has announced its collaboration with Affin Bank’s Home Step Fast/-i campaign to offer homebuyers a lifestyle ownership programme with a financing solution that allows them to pay a lower instalment for the first five years

Airbnb has welcomed the Penang state government's recent decision to regulate short-term rental accommodation (STRA), instead of banning it altogether.

Noteworthy:

• Leasehold

• Built-up: 14,177 sq ft

• Fully furnished

• Amenities: Mid Valley Megamall, The Gardens, medical centres, clinics, hotels and schools

• Accessibility: Federal Highway, New Pantai Expressway (NPE), Jalan Bangsar and Jalan Maarof, as well as public transports including Abdullah Hukum LRT and Mid Valley KTM stations

When: March 2022

In a bourse filing, Pensonic said its wholly-owned Pensia Electronic Sdn Bhd (PESB) has inked a sale and purchase agreement (SPA) with HZGP on Monday (May 9) to dispose of the plot, which measures 1.2ha, together with the structures on it, comprising an office block and two two-storey warehouses, a guard house and ancillary buildings.

Usually, when you decide to buy real property such as a house, apartment, condominium, shopoffice or land, you would probably consult a conveyancing lawyer, who could be recommended by the property agent or someone you know.

In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.

Maybank IB analyst Yin Shao Yang said in a note that he understands that business at RWG has slowed from March due to the Omicron wave, and RWG has reopened only half of its about 10,000 rooms despite being allowed to reopen all from April 1.

Nevertheless, Depp is also known for his interesting real estate holdings, which include an island in the Bahamas, according to TopTenRealEstateDeals.com. During the years with former partner French singer-actress Vanessa Paradis, Depp purchased an entire French village which was recently on the market at US$55.5 million (RM240.65 million).