Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.
Ahmad Zaki Resources Bhd (KL:AZRB) said on Wednesday that one of its subsidiaries has been served with a winding-up petition by Giga Engineering & Construction Sdn Bhd over an alleged unpaid sum of RM5.86 million.
Property developer Tropicana Corporation Bhd has once again joined hands with Australian-owned supplement brand VitaHealth Malaysia to host the longest offline wellness series in Malaysia this year, targeting a total of 1,200 participants over a series of events.
Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served with a winding-up petition over an alleged debt amounting to RM447,886.46.
The Panel of Experts (POE) must play an active role in strengthening national policies and enhancing the public service, Housing and Local Government Minister Nga Kor Ming said.
Econpile Holdings Bhd (KL:ECONPILE) has secured a RM27 million contract for piling and pile cap works at a serviced apartment project in Kelana Jaya, Petaling Jaya.
Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.
Bank Negara Malaysia’s (BNM) decision to lower the overnight policy rate (OPR) by 25 basis points to 2.75% is a prudent and proactive measure amid global economic uncertainties.
Noteworthy:
When: April 2025
Paramount Property Development Sdn Bhd has unveiled Traverse with Paramount, a six‑month campaign that sets aside a total of eight million Asia Miles to reward buyers of selected residential developments.
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