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Hong Leong to lower BR, BLR by 25 bps

Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd will join other banks and lower its base rate (BR) and base lending rate (BLR) from tomorrow (July 29), following the reduction in Bank Negara Malaysia's overnight policy rate (OPR) by 25 basis points.

Local rail companies to form consortium

Malaysian Industry-Government Group for High Technology (MIGHT), which is a unit of the Prime Minister’s Department, is in the midst of preparing a White Paper on how local rail companies can benefit from the large number of rail-related jobs being dished out and participate in the projects.

Shoebox units to kick off in Penang?

Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.