Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.

Mutiara Spaces by Boustead Properties Bhd recently announced the winning entry of the Mutiara Hills Sculpture Design Challenge 2023 to become the “iconic landmark in the heart of the developer’s latest integrated smart township project in Semenyih, Selangor”.

Roads closed due to construction work will be reopened soon to reduce traffic congestion in the Klang Valley, according to Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

Brem Holdings Bhd has ceased to be a substantial shareholder in Titijaya Land Bhd, after its 48.33%-owned unit Titi Kaya Sdn Bhd disposed of 7.7 million shares in the property developer.

Mulpha International Bhd has secured a A$160 million (RM478 million) green syndicated construction facility in Australia.

Noteworthy:

• Leasehold
• Built-up size: 3,800 sq ft
• Land size: 3,800 sq ft
• 5 bedrooms, 5 bathrooms
• Semi-furnished
• Nearby amenities: Wangsa Walk Mall, Melawati Mall, Ampang Point Shopping Centre, AEON Big, hospitals, international schools, convenience stores, F&B outlets, LRT Sri Rampai
• Accessibility:  DUKE highway, AKLEH highway, MRR2 and Jalan Ampang

When: March 2023

DCSB claimed for costs and expenses incurred for the delayed completion of the project. The claims included loss of profits, reputation, and general damages for breach of contract.

So far, this is the largest group of plaintiffs suing ACE Holdings.

According to Bloomberg as of Tuesday afternoon, 16 out of 18 economists said BNM will keep the OPR at 2.75% — a rate unchanged since November last year.

He had offloaded 50 million shares equivalent to a 10.2% stake via a direct business transaction on April 28 for 13 sen apiece.