STOCKHOLM: Sweden on Thursday, July 7 approved struggling carmaker Saab's €28 million (RM120.73 million) property sale and leaseback deal helping to ease a cash crunch at the firm that has forced it to stop production for months.

KUALA LUMPUR: Dialog Group Bhd's 51%-owned subsidiary Pengerang Terminals Sdn Bhd (PTSB) has inked a shareholders' agreement with State Secretary, Johor (Incorporated) to invest in Pengerang Independent Terminals Sdn Bhd (SPV).

KUALA LUMPUR: In efforts to curb inflationary pressure and staunch the flow of hot money, policymakers should be careful when increasing the benchmark interest rate as it could backfire on the economy, said Jimmy Koh, head of research at United Overseas Bank Ltd.

KUALA LUMPUR: Economists are expecting another rate hike from Bank Negara Malaysia (BNM) when its monetary policy committee (MPC) meets on Thursday, July 7, according to Bloomberg data.

Of the 15 research houses surveyed, 10 are expecting a 25-basis point hike in the overnight policy rate (OPR) to 3.25%.

KUALA LUMPUR: Hardware wholesaler Bunseng Holdings Bhd and construction outfit Gabungan AQRS have received the go-ahead from the Securities Commission (SC) to list on the Main Market of Bursa Malaysia Securities.

Ireka Corp Bhd (July 6, 75.5 sen)

Malaysian Resources Corp Bhd (July 6, RM2.30)

KUALA LUMPUR/SYDNEY: Little Bay Cove in Sydney, Australia, a joint development of TA Global Bhd and Charter Hall Group, has commenced construction and will be available for sale in October this year.

KUALA LUMPUR: The Securities Commission (SC) has given construction and property development outfit Gabungan AQRS Bhd the go-ahead to list on the Main Board of Bursa Malaysia Securities Bhd, it announced in a statement on Wednesday, July 6.

HONG KONG: Flat owners are cutting prices to unload their investment properties because they fear the government will launch more cooling measures on top of last month's tighter restrictions on mortgage loans.