News about Malaysia

"MACC will investigate whether there was existence of bribery element in the 100% shares disposal by Telekom Malaysia Bhd (TM) in Syarikat Menara KL Sdn Bhd to Hydroshoppe Sdn Bhd in October 2022.

Economists believe the government is unlikely to slash subsidies abruptly in Malaysia, especially those regarding electricity and petrol.

In 2022, BNM raised the OPR four times at 25bps each, which upped the OPR level from its record low of 1.

“If you engage a contractor directly, please do ensure that they are reputable by checking with CIDB (Construction Industry Development Board) to ensure that they are properly licensed and not blacklisted.

Genting Malaysia’s share price had come down after the the Malaysian casino and resorts operator announced its investment in Empire Resorts back in August 2019.

"Upon completion of the proposed acquisitions, AME REIT retains a premium portfolio of 37 properties containing freehold industrial properties and worker dormitories with steady tenancies.

Better earnings for the quarter were attributed to lower expected credit losses on loans, financing and advances as well as other impairments, which were down by 59% from RM249 million in 3QFY2021 to RM103.

"This is a unique and meaningful award based totally on merit and judged independently by peers, unlike many other commercially-driven awards.

MBAM is also working closely with the Department of Occupational Safety and Health and the Construction Industry Development Board to promote the implementation of OSCHIM.

The acquisition of Queensbay Mall will deepen CLMT’s presence in Penang, thus strengthening its foothold in the northern region of Malaysia, where it already owns Gurney Plaza and is targeting to complete the acquisition of its first logistics property in Penang in the fourth quarter of this year.