The proceeds from the issuance of the MTNs will be used for, among others, the development of properties and resorts of Genting Malaysia and its subsidiaries, including those in Genting Highlands, Pahang.
Soak in the sun at a poolside cabana, calm your senses with a relaxing spa session or unwind with a good book in the lounge – a luxurious resort stay does wonders to invigorate the worn and weary.
According to Hong Leong Investment Bank (HLIB), banks, in particular Alliance Bank Malaysia Bhd and Bank Islam Malaysia Bhd (BIMB), are expected to benefit from the OPR hike as it would help alleviate some pressure off Net interest margins (NIM) in 2Q2023.
In a report on Thursday (May 4), BMI, a Fitch Solutions company, said that as inflation continues to moderate domestically, "we believe BNM will increasingly turn its focus to supporting growth over the coming months".
“We believe there could be one more OPR hike by end-2023 to 3.
The majority of economists now bet that the OPR, which has normalised to pre-pandemic levels, will be maintained for the remaining three monetary policy meetings in 2023, scheduled in July, September and November.
Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting.
AWC said the sub-contract, which was awarded by Lim Hoo Seng Construction Sdn Bhd to AWC's wholly-owned unit Qudotech Sdn Bhd, will contribute positively to the group's earnings.
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
In a filing on Wednesday (May 3), the group said Astino (Malaysia) Colour Steel Sheets Sdn Bhd had entered into a sale and purchase agreement with Bukit Saujana Jaya Sdn Bhd to acquire a freehold land known as Lot 12 held under HS (D) 165115, PT No 84452, Mukim Kapar, Klang.
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