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YTL Corp unit to acquire Niseko Village

KUALA LUMPUR: YTL Hotels & Properties Sdn Bhd (YTLHP) has entered into an acquisition agreement to acquire a new subsidiary based in Japan, said holding company YTL Corp Bhd in a March 8 Bursa Malaysia filing.

Maybank ups BLR by 25bp to 5.8%

KUALA LUMPUR: Malayan Banking Bhd will increase its base lending rate (BLR) by 25 basis points from 5.55% per annum to 5.80% per annum effective Tuesday, March 9.

Maybank said on Monday, the base financing rate (BFR) of Maybank Islamic Bhd would similarly be revised from 5.55% to 5.80% effective the same date.

EPF buys 24.75 million MRCB shares

KUALA LUMPUR: The Employees Provident Fund Board (EPF) had stepped up its acquisition of shares in Malaysian Resources Corp Bhd (MRCB), acquiring another 24.75 million shares last Friday, March 5.

A filing with Bursa Malaysia on Monday (March 8) showed the shares were acquired at an average price of RM1.479 each.

China says it's managing to slow property inflation

BEIJING: The Chinese government has succeeded in curbing property speculation in some cities where real estate prices were rising too fast, the Housing Ministry said on March 8, acknowledging that strong demand will continue to drive prices.

KK court wants site for new court complex closer to city

KOTA KINABALU: The Kota Kinabalu Court has applied for the construction site of a new court complex to be closer to the city.

Deputy Chief Minister Datuk Seri Joseph Pairin Kitingan said the site allocated in Likas Bay, near here, was inappropriate and inconvenient for the public.

DPMMPP disputes construction of PICC

PENANG: The Penang chapter of the Malaysian Malay Chambers of Commerce (DPMMPP) on March 8 questioned the proposed construction of the Penang International Convention Centre (PICC) by the state government, claiming that the project was not a priority for the people.