In a filing to Bursa Malaysia today, it said Amcorp Horizon Sdn Bhd (formerly known as Cemara Harapan Sdn Bhd) has signed an agreement with Grosvenor Europe Investments Ltd (GEIL) and its manager, Grosvenor Fund Management Spain, SLU.

Only 2,000 borrowers took advantage of the scheme from BSN since it was launched last July.

Maybank’s base rate (BR) and base lending rate (BLR) will be reduced by 20 basis points to 3% per annum and 6.65% per annum, respectively.

Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.

Bank Negara Malaysia's cutting of the overnight policy rate (OPR) from 3.25% to 3% yesterday can boost the people’s consuming power, especially for property, Bernama reported Datuk Tan Hong Lai, Green Target Group managing director and CEO saying today.

At RM1.11, UEM Sunrise has a market capitalisation of RM4.95 billion.

In view of the challenging macro environment, consumers may prefer to hold more financial buffers for living expenses and to protect themselves against rising costs and unexpected adverse events.

Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday.

HLIB analyst Lee Meng Horng said the OPR cut will bode well for M-REITs, as monetary easing spurs equity inventors to move into yield assets which are often sought after by investors during monetary easing due to its stability and high yielding nature, despite its average yield being compressed to 6.2%.

Presenting its alternative PTMP at a press conference yesterday, Penang Forum said building the trams and BRTs would also take less time.