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%.
The construction job is in respect of the main building works for the proposed development of two blocks of residential condominiums, which consist of a podium, car park, common facilities and swimming pool, located in Bukit Jalil, said SunCon in a filing with Bursa Malaysia.
S P Setia Bhd president and CEO Datuk Choong Kai Wai said the achievement was beyond their expectations, as the industry had just recovered from the pandemic.
The issuances above bring the company’s year-to-date issuances from both domestic and international markets to RM16.1 billion.
SKB Shutters, which manufactures roller shutters, steel doors and storage rack systems, said it acquired the land to set up a new automated manufacturing facility in the industrial park, which is located in Puncak Alam.
Parkson said the tenant would be entitled to rent-free periods for each first- to four months of the first three years within the term, totalling 12 months.
It is expecting to issue and submit its Annual Report 2022 no later than Nov 7 after the completion of the annual audited financial statements of the group for the financial year ended June 30.
Harbour Place is an enclave comprising several residential and commercial properties, and is located between Penang Island and Kulim.
The sukuk, which has a tenure of five years, will also be used for general corporate purposes of the group and/or of any joint ventures, as well as to refinance any existing borrowings.
Yeoh said Malaysia is a relatively young nation with a high urbanisation rate, factors which will drive demand for housing and infrastructure development.