BNM makes surprise 25bps hike in OPR to 3%
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.
Govt aims to reopen closed roads in Klang Valley soon to ease traffic congestion, says Zahid
Roads closed due to construction work will be reopened soon to reduce traffic congestion in the Klang Valley, according to Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Five years on, Brem Holdings ceases to be substantial shareholder in Titijaya
Brem Holdings Bhd has ceased to be a substantial shareholder in Titijaya Land Bhd, after its 48.33%-owned unit Titi Kaya Sdn Bhd disposed of 7.7 million shares in the property developer.
Mulpha International’s Australian unit secures A$160m green syndicated construction facility
Mulpha International Bhd has secured a A$160 million (RM478 million) green syndicated construction facility in Australia.
8 Conlay dispute referred to arbitration following GDB’s RM102m claim against project owner KSK Land
DCSB claimed for costs and expenses incurred for the delayed completion of the project. The claims included loss of profits, reputation, and general damages for breach of contract.
ACE Holdings’ legal woes grow with new RM10m suit filed by 27 investors
So far, this is the largest group of plaintiffs suing ACE Holdings.
Most economists foresee BNM maintaining OPR at 2.75%
According to Bloomberg as of Tuesday afternoon, 16 out of 18 economists said BNM will keep the OPR at 2.75% — a rate unchanged since November last year.
MD Ng Wai Hoe shaves off a third of Siab Holdings stake to 21%
He had offloaded 50 million shares equivalent to a 10.2% stake via a direct business transaction on April 28 for 13 sen apiece.
Pasdec appoints Liew as new CEO
Liew first joined the property development company in March 2019 as a special officer to the group managing director.
Zelan slips into PN17 status after external auditors express disclaimer of opinion
The construction engineering company has 12 months to regularise its financial condition, failing which trading in its securities could be suspended and it could be delisted from Bursa Malaysia.
