Bank Negara keeps overnight policy rate unchanged at 3%
Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.
Malaysia’s central bank on Thursday kept the benchmark interest rates unchanged, as widely expected, citing improving economic growth and moderating inflation.
Construction company Lim Seong Hai Capital Bhd (LSH) said on Wednesday it is proposing a public offering which could potentially raise RM168.08 million as part of its listing transfer to the ACE Market from the LEAP Market.
Malaysia’s national mortgage corporation Cagamas Bhd said on Wednesday it has raised RM960 million from the issuance of bonds and sukuk.
Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia.
Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue.
Property developer Mah Sing Group Bhd said on Tuesday its net profit climbed 38% in the fourth quarter of 2023 from a year earlier, thanks largely to higher margin and lower net finance costs.
Eco World International Bhd, which mainly develops real estate in the United Kingdom and Australia, said it aims to clear its inventory worth RM850 million and distribute excess cash for the financial year ending Oct 31, 2024.
A consortium between Citaglobal Bhd and Reneuco Bhd has secured a 30-year concession to supply electricity to the East Coast Rail Link (ECRL) from project owner Malaysia Rail Link Sdn Bhd (MRL).