KUALA LUMPUR: Asian Global Business Sdn Bhd (AGB) launches The Rice Miller City Residences today, after some delay due to reconfiguration of plans following Penang’s World Heritage listing in 2008.The initial plan was to build a 13-storey building but the height has been reduced to five storeys to comply with new regulations, including height restrictions in line with Penang’s Unesco World Heri

KUALA LUMPUR: Prime London rents have been rising above inflation rates for at least the past 18 months, according to the latest research from Savills.Jane Ingram, Savills’ head of lettings, said: “After several years of steady, if unexciting growth, the Prime Central London market has experienced its most dramatic quarterly improvement for some years.

LONDON: All areas of Prime London rents have been rising above inflation rates for at least the past 18 months, according to the latest research from Savills.

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.

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