Wholesale and retail trade sales grew 12.4% in Jan 2023 — DOSM
The increase was attributed to the retail trade sub-sector, which recorded an increase of RM10.6 billion or 21.7% y-o-y to RM59.6 billion.
Cagamas concludes RM715m sukuk issuances
The national mortgage corporation of Malaysia said proceeds from the issuances would be used to fund house financing from the domestic financial system.
Chuping Valley Industrial Area eyeing RM2.5b in committed investments, says Rafizi
CVIA, an integrated industrial park developed by the Northern Corridor Implementing Authority, aims to attract investments especially in high-impact sectors including green manufacturing, renewable energy and halal industries.
TWL shareholders approve RM111.3m rights issue to fund development projects
It would be on the basis of 10 RCULS together with two free Warrants E for every 10 existing shares held by entitled shareholders on the entitlement date.
Opening of MRT Putrajaya line can further boost public transportation system
The MRT Putrajaya Line Phase Two route from Kampung Batu to Putrajaya will be opened to the public from 3pm after the official launch by Prime Minister Datuk Seri Anwar Ibrahim.
Approval of Penang South Islands project subject to EIA’s requirements – Nik Nazmi
He said the decision by the DOE, which rejected the PSI’s EIA report previously, proved that the project does not get special treatment although it has the backing of the Penang state government.
Property transactions value in 2022 expected to hit record high
Malaysia’s total property transaction value in 2022 is likely to surpass the highest level ever recorded of RM161 billion back in 2014, driven by recovery in demand.
Cement unit price index up 1.9%, steel up 1.5% in Feb 2023 — DOSM
The Department of Statistics Malaysia (DOSM) said the unit price index of cement rose by 1.9% in February 2023 as compared with January 2023 due to higher raw material prices as well as energy and shipping costs.
Research houses expect BNM to stand pat on OPR for longer while
Research houses see the possibility of Bank Negara Malaysia (BNM) maintaining its overnight policy rate (OPR) rate at the current level for a longer while, following the pause in January and March.
Rafizi: BNM authorised to decide on OPR without govt interference
Bank Negara Malaysia (BNM) has the authority to decide on the overnight policy rate (OPR) itself without the interference of the government, said Economy Minister Rafizi Ramli.
