News about Malaysia

KUALA LUMPUR (Feb 10): Malaysia Building Society Bhd (MBSB) has appointed its president and chief executive officer (CEO) Datuk Seri Ahmad Zaini Othman as the CEO of newly-acquired Asian Finance Bank Bhd (AFB).

KUALA LUMPUR (Feb 9): Prime Minister Datuk Seri Najib Razak announced today that levy and toll rates at the Malaysia-Singapore Second Link will be slashed.

KUALA LUMPUR (Feb 9): IGB Corp Bhd, which is in the midst of a takeover by its largest shareholder Goldis Bhd, saw its net profit jump 97.

KUALA LUMPUR (Feb 9): Prasarana Malaysia Bhd and Singapore's SMRT Corp Ltd will form a joint venture (JV) company to operate the Johor Bahru-Singapore Rapid Transit System Link (RTS Link).

KUALA LUMPUR (Feb 7): Malaysia Building Society Bhd (MBSB) has completed its acquisition of Asian Finance Bank (AFB) today.

KUALA LUMPUR (Feb 7): MCT Bhd said Philippine-listed Ayala Land Inc, its major shareholder via Regent Wise Investments Ltd (RWIL), intends to explore options to boost MCT's public shareholding spread.

KUALA LUMPUR (Feb 7): Chinese buyers are not expected to drive up Malaysian house prices as most of them regard their property purchases in the country as long-term investments while the capital controls by the Chinese government will curb their overseas activities, said property consultancy firm Knight Frank Malaysia.

KUALA LUMPUR (Feb 7): With the improving infrastructure in Malaysia and China’s Belt and Road Initiative (BRI), Chinese property developers may explore opportunities in the Malaysian real estate sector, particularly in industrial-driven township developments, said Knight Frank Malaysia.

KUALA LUMPUR (Feb 7): Eversendai Corp Bhd said it has scrapped a private placement plan to raise up to RM75.

KUALA LUMPUR (Feb 6): Standard Chartered Malaysia and its Islamic subsidiary Standard Chartered Saadiq raised their base rate (BR), base lending rate (BLR) and base financing rate (BFR) by 0.