News by Izzul%20Ikram

Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Thursday (Nov 3).

Ahead of the conclusion of Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) meeting in November, Standard Chartered (StanChart) said it expects the central bank to announce a 25 basis point (bps) hike in the overnight policy rate (OPR) on Thursday (Nov 3), raising it to 2.75%.

Parkson Holdings Bhd’s 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), said its shareholders have given their approval for the disposal of commercial properties in Qingdao, China for 280 million yuan (RM182 million).

Building materials and machinery company Knusford Bhd is disposing of a commercial land in Ulu Langat, Selangor to electric, building and general contractors LKC Ventures Sdn Bhd for RM14.63 million cash.

Gamuda Bhd has bagged a NT$14.5 billion (RM2.13 billion) contract to construct an underground rail track and commuter station in Taiwan's TaoYuan city, jointly with a local company.

Practice Note 17 company Top Builders Capital Bhd said trading of its shares will be suspended as it is unable to submit its 2022 annual report by the Oct 31 deadline.

The group is involved in property and land development, integrated facilities management, and project management and consultancy services.

CapitaLand Malaysia Trust's (CLMT) net property income (NPI) for the third quarter ended Sept 30, 2022 (3QFY22) swelled two-fold to RM38.21 million from RM18.57 million a year prior, in line with higher revenues across all its properties.

ILB Group Bhd is aborting its planned purchase of 1,124 sq m of freehold commercial land with shoplots in Petaling Jaya for RM15.9 million.

Axis Real Estate Investment Trust’s (REIT) net property income (NPI) in the third quarter ended Sept 30, 2022 (3QFY22), climbed 12.54% to RM61.49 million from RM54.64 million a year earlier, on the back of rental income from newly-acquired properties.