News by THEEDGEMARKETS.COM

Able Global Bhd — through its 70%-owned subsidiary Able Development Sdn Bhd (ADSB) — plans to sell its 23.538-acre land in Kuala Langat, Selangor, for RM18.45 million.

Prime Minister Datuk Seri Anwar Ibrahim: I welcome different opinions; I do not agree in principle with a special withdrawal of the people’s retirement savings. [But] I will ensure EPF allows contributors who have money yet facing financial difficulties to borrow from banks by using their EPF savings as collateral or guarantee

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 2.75%, as inflation is expected to moderate in 2023 with upward pressures remaining partly contained by price controls and fuel subsidies.

Formerly known as Selayang Star City, the 168 Park Selayang development was previously developed by Leadmont Group offering three high-rise residential towers, a serviced suites block and a mall.

Putrajaya is seeking Parliament approval to convert some RM165.28 million government loan to UDA Holdings Bhd into equity investment, effectively forgiving these borrowings to the Ministry of Finance-owned property developer, according to motions filed to the Dewan Rakyat.

Advancecon Holdings Bhd’s second largest shareholder Lim Swee Chai has filed an originating summons against the company to nullify his removal as director last year.

Tropicana Corp Bhd announced that its ongoing project Tropicana Miyu in Petaling Jaya, Selangor is fully sold. The condominium project was launched in September 2020 and slated for completion in August 2024.

The land, measuring 70,020 sq m, is planned for mixed development.

The highway's construction was temporarily halted previously due to rising construction costs.

... before being brought for further deliberation between the leaders of the two countries.