News by theedgemalaysia.com

Bank Negara Malaysia (BNM) has kept its benchmark overnight policy rate (OPR) unchanged at 2.75% on Thursday, in line with expectations.

Exsim Hospitality Bhd (KL:EXSIMHB) announced the partnership with developer Majestic Gen to introduce professionally-managed accommodation in selected developments nationwide, with a potential pipeline of over 3,000 keys over the next four years.

Property developer Bedi Bhd (KL:BEDI), which was known as WMG Holdings Bhd up until September 2025, is buying an 8.7-acre parcel of land in Penampang, Sabah, for RM15.92 million.

Semantan Estate (1952) Sdn Bhd has filed a discovery application to obtain survey and acquisition plans from before Merdeka for its compensation hearing over the “Duta Enclave” land, which the court ruled the government had trespassed on. The survey and acquisition plans date from 1956 to 1960.

Malaysian contractors and building materials companies may face margin pressure from rising costs amid escalating conflict in the Middle East, CIMB Securities said.

Malaysia’s anti-graft agency said it has opened an investigation paper linked to Sunway Bhd’s (KL:SUNWAY) ongoing takeover offer for IJM Corp Bhd (KL:IJM).

TA Global Bhd officially unveiled Tower B of Amaya Residences in Bandar Sri Damansara, Selangor on March 1, following an 80% take-up rate for Tower A of the development.

Light Rail Transit 3 (LRT3)’s main contractor could face penalties of more than RM475 million due to project delays, Transport Minister Anthony Loke said.

Rivertree STF Synergies Bhd (KL:RSSB), formerly known as Sinmah Capital Bhd, has entered into a heads of agreement (HOA) to collaborate on the design, construction and operation of up to four centralised labour quarters (CLQs) in the Klang Valley, with a total indicative value of RM600 million.

Gadang Holdings Bhd (KL:GADANG) is buying an 11.18-acre parcel of land in Johor Bahru for RM75.48 million from a unit of Ekovest Bhd (KL:EKOVEST).