Anwar to present Budget 2023 at Parliament on Feb 24
On Dec 20, the Dewan Rakyat unanimously approved the 2023 Mini Budget and the Consolidated Fund (Accountable Expenditure) Bill 2022.
MARC Ratings affirms AA+ rating for Sime Darby Property’s RM4.5b sukuk
MARC Ratings has affirmed its rating of AA+ with a stable outlook for Sime Darby Property Bhd’s (SD Property) RM4.5 billion Islamic medium-term notes (IMTN) programme (Sukuk Musharakah). The outstanding under the rated programme stood at RM800 million as of Nov 30, 2022.
Inflation bite seen less painful in 2023; 50 bps OPR hike still likely
Economists, in general, are keeping their view that Bank Negara Malaysia (BNM) will raise the overnight policy rate (OPR) by another 50 basis points (bps) to 3.25% in 2023, amid expectation that inflationary pressure will ease.
SunCon-led consortium in negotiation to build Toyo Ventures' Vietnam power plant for US$2.2 bil
Toyo Ventures Holdings Bhd's units have entered into an interim agreement with a consortium led by Sunway Construction Group Bhd (SunCon) to negotiate details for the consortium to undertake a US$2.2 billion (RM9.73 billion) job for the development of a 2,120 MW coal-fired power plant in Vietnam.
Tiong Nam enters JV agreement with JLand to develop high-tech logistics park
Tiong Nam Logistics Holdings has entered into a joint venture (JV) agreement with Johor Corp to develop a high-tech logistics industrial park on a 300-acre land at Sedenak Technology Valley, Johor.
Berjaya Corp buys RM408.8m Yokohama land for development of Four Seasons project
A unit of Berjaya Corp Bhd (BCorp) is acquiring six parcels of freehold land collectively measuring about 20,977.15 square metres in Yokohama, Japan, for ¥12.66 trillion (RM408.82 million) cash.
Facing more than 40% rise in electricity cost, steel players seek review of new ICPT surcharge
Depending on the steelmaking route, both steelmaking and rolling processes consume up to 650 kWh electricity to produce one tonne of steel product.
Samaiden’s 531 kWp PV system at Sunway Nexis commences operations
Samaiden Capital Management Sdn Bhd will operate and maintain the system, which has a capacity of 531 kilowatt-peak (kWp) for a duration of 20 years.
Another 25bps OPR hike expected in January as November inflation stays elevated
As robust consumer demand drove November's consumer price index up 4% year-on-year — with core inflation hitting a new high of 4.2% — economists expect the upbeat momentum to continue and result in Bank Negara Malaysia having to raise the overnight policy rate or OPR by another 25 basis points to 3% in its Monetary Policy Committee meeting next month.
Putrajaya MRT Line Phase 2 to start operation in March 2023
Putrajaya MRT Line Phase 2 will be fully operational from March 2023, as the construction of the line has been completed.
