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Old office blocks left in limbo as new skyscrapers vie for tenants

It may be challenging for older office buildings in the Klang Valley, which have been left vacant as their owners or tenants move to newer developments, to be filled up, as more new office buildings spring up and more companies move out of the older buildings, said experts in the property sector.

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Bank Negara raises OPR by 25bps to 2.5%, as expected

Bank Negara Malaysia (BNM)’s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on Thursday (Sept 8), in line with expectations for further normalisation of monetary policy as the country’s economic growth and inflation gain momentum.

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Iskandar Waterfront City’s auditor resigns

Iskandar Waterfront City Bhd (IWCity)’s external auditor Messrs Ernst & Young PLT (EY) resigned as the group adhered to “good corporate governance” by revisiting the appointment of auditor from time to time.

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