BNM keeps key interest rate at 2.75% as widely expected

BNM keeps key interest rate at 2.75% as widely expected

news

Updated:
  • Malaysia's central bank has kept the benchmark interest rate at 2.75% amid a resilient economy.
  • Economic growth is projected to moderate to 4%-4.5% this year, supported by domestic demand.
  • Inflation is expected to remain moderate due to easing global cost conditions.
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GuocoLand posts first quarterly loss in four years on inventory write-down

GuocoLand posts first quarterly loss in four years on inventory write-down

news

Updated:
  • GuocoLand (Malaysia) Bhd reported its first quarterly net loss in four years, totaling RM6.21 million.
  • Revenue increased by 57.17% to RM151.77 mil but profit fell 45.83% for the first nine months of FY2026.
  • Company plans to focus on completing ongoing projects and managing costs amid rising inflationary pressures.
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UDA to absorb costs of RM12.5 mil to provide rental discounts, moratoriums to ease MSME burden — Steven Sim

UDA to absorb costs of RM12.5 mil to provide rental discounts, moratoriums to ease MSME burden — Steven Sim

news

Updated:
  • UDA Holdings Bhd will absorb RM12.5 mil to support MSMEs facing rising costs.
  • The measures include rental discounts and a moratorium on rental payments until December 2026.
  • This initiative follows a call from the PM to reduce rental rates for government agency properties.
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Majestic Gen’s Gen Sphere in JB achieves 100% take-up

Majestic Gen’s Gen Sphere in JB achieves 100% take-up

news

Updated:
  • Majestic Gen Bhd's Gen Sphere apartments in Johor achieved 100% take-up since its July 2025 launch.
  • The project, valued at RM837 mil, includes 996 residences priced from RM609,000.
  • Located near key transport links, it reflects the city's growth and the demand for modern living spaces.
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Coronade Properties breaks ground on Coronation Square Mall in Johor Bahru

Coronade Properties breaks ground on Coronation Square Mall in Johor Bahru

news

Updated:
  • Coronade Properties has launched Phase 2 of Coronation Square in Johor, featuring a new mall.
  • CapitaLand Investment will advise on retail, while The Ascott Ltd will manage the hotel component.
  • There will be support for Singaporean retailers expanding into Johor Bahru.
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Pavilion REIT launches Pavilion Loves Sustainability EcoHub

Pavilion REIT launches Pavilion Loves Sustainability EcoHub

news

Updated:
  • Pavilion REIT launched the Pavilion Loves Sustainability initiative during Sustainability Week 2026.
  • The program promotes recycling and sustainable habits, featuring donation bins and reverse vending machines.
  • It has diverted 188.6 tonnes of food waste, producing 17.6 tonnes of organic fertiliser for shoppers.
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S P Setia to unveil Balinese-inspired Damaira homes in Semenyih

S P Setia to unveil Balinese-inspired Damaira homes in Semenyih

news

Updated:
  • S P Setia Bhd will launch Damaira, a Balinese-inspired enclave of homes in Setia Mayuri this month.
  • The project features 54 semidee houses priced from RM1.47 mil to RM2.27 mil, with eco-friendly features.
  • Setia Mayuri offers various amenities, including parks, shops, and schools, enhancing community living.
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Malaysia keeps policy rate at 2.75% as expected, keeps eye out for Iran war strains

Malaysia keeps policy rate at 2.75% as expected, keeps eye out for Iran war strains

news

Updated:
  • Malaysia's central bank held the interest rate at 2.75% amid Middle East conflict concerns.
  • Economists predicted this decision, citing stable inflation and economic growth.
  • BNM warns that geopolitical issues may impact future growth, but strong fundamentals support resilience.
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UEM Sunrise appoints Leong Jee Van as chief property development officer

UEM Sunrise appoints Leong Jee Van as chief property development officer

news

Updated:
  • UEM Sunrise Bhd has appointed Leong Jee Van as chief property development officer, effective May 18.
  • His extensive experience will enhance the company's development focus and execution discipline.
  • Leong will oversee development functions and support strategic growth opportunities, including the JS-SEZ.
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Berjaya Corp sells Berjaya Property and Sports Toto shares to Vincent Tan for RM18.76m

Berjaya Corp sells Berjaya Property and Sports Toto shares to Vincent Tan for RM18.76m

news

Updated:
  • Berjaya Corp sold shares in Berjaya Property and Sports Toto to founder Tan Sri Vincent Tan for RM18.76 mil.
  • Shares were sold at significant discounts to their book values, with no material impact on BCorp's finances.
  • The transactions are not subject to shareholder or regulatory approval.
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