Following Bank Negara Malaysia's (BNM) decision on Wednesday to maintain the overnight policy rate (OPR) at 3%, which marks 18 months of rate pause, economists expect the central bank to leave the benchmark interest rate unchanged throughout 2025 as well.

Haily Group Bhd (KL:HAILY) has secured a contract worth RM89.9 million from Mah Sing Group Bhd (KL:MAHSING) to build terrace homes for a housing project in Taman Tiara Indah, Johor Bharu, Johor, which pushes the value of its outstanding orders past RM1 billion.

JAKS Resources Bhd (KL:JAKS) on Wednesday said it has agreed to pay RM5 million cash to Star Media Group Bhd (KL:STAR) to settle their legal dispute over the development of a parcel of land in Section 13, Petaling Jaya.

Noteworthy:

• Freehold
• Built-up size: 2,357 sq ft
• Floor level: Mid
• 4 bedrooms, 5 bathrooms
• Fully furnished
• Nearby amenities: MRT Persiaran KLCC, LRT Ampang Park, KLCC Park, Intermark Mall, Pavilion Kuala Lumpur, Suria KLCC, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, SPE, MEX, Jalan Tun Razak, Jalan Ampang, Jalan Sultan Ismail, Jalan Imbi, Jalan Kampung Pandan

October 2024

Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 3% as widely expected as it noted the continued expansion of the global economy and the sustained strength of domestic economic activities with inflation remaining "modest".

As Malaysia's technology landscape matures, it's becoming a prime target for global tech giants like Google, Microsoft, and Nvidia. Each of these industry leaders is racing to find the best spot to establish a data centre in our country, recognising its strategic potential as a regional tech hub. But where are these computing quarters located in Malaysia?

Paragon Platinum Sdn Bhd, a wholly owned subsidiary of Paragon Globe Bhd (KL:PGLOBE), commenced construction of its Desa 27 industrial development in Desa Cemerlang, Johor Bahru, last Saturday (Nov 2).

The Employees Provident Fund (EPF) has set aside a provision of RM24 million following an accounting adjustment at its Battersea joint venture (JV) firm.

Construction player Gagasan Nadi Cergas Bhd (KL:NADIBHD) is buying two companies for RM185 million, cash, to gain control of Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.

IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.