News by Priyatharisiny Vasu

Battersea Power Station (BPS) recorded £480 million (RM2.55 billion) in new residential sales in 2022, along with a further £1.1 billion (RM5.85 billion) worth of apartments completed and handed over, as the community grew to over 2,500 residents.

Bank Negara Malaysia (BNM) has paused the key rate hike, keeping the overnight policy rate (OPR) at 2.75% at its first Monetary Policy Committee (MPC) meeting this year, bucking consensus estimate of a 25- basis-point (25bps) increase.

Reservoir Link Energy Bhd said its unit has clinched an engineering, procurement, construction and commissioning (EPCC) project from Solarvest Holding Bhd for an expected value of RM16.6 million upon completion.

PTT Synergy Group Bhd has proposed to acquire a piece of industrial land in Bandar Bukit Raja, Klang from Sime Darby Property Bhd for RM12.25 million.

Putrajaya MRT Line Phase 2 will be fully operational from March 2023, as the construction of the line has been completed.

The overall subcontract period is 30 months, starting from Dec 13, 2022.               

"We wish all parties in the construction industry can continue to carry on with the already tough business environment in a more sustainable manner.”

The acquisitions, the Islamic REIT's first after its listing in September, would boost its total asset value by 12.8% to RM644.1 million.

The group also divested the remaining 20% equity in the pre-tertiary education business.

Malaysia’s cost of borrowing increased for the fourth time this year as Bank Negara Malaysia (BNM) hiked the Overnight Rate Policy (OPR) by another 25 basis points to 2.75% at the sixth and final Monetary Policy Meeting (MPC) for 2022.