BNM: Malaysia 1Q GDP registers smaller on-year decline of 0.5% on domestic demand, export improvement

May 11

KUALA LUMPUR (May 11): The Malaysian economy, as measured by gross domestic product (GDP), registered a decline of 0.

Gamuda confirms plan to sell four highway concessions to govt

May 11

KUALA LUMPUR (May 11): Gamuda Bhd confirmed yesterday that it is currently in talks with the government to put forth its proposal to sell its four highway concessions to a private highway trust.

Finance Ministry confirms 1MDB, SRC filed civil suits for a combined US$23b, as per The Edge report

May 10

KUALA LUMPUR (May 10): The Ministry of Finance (MoF) has confirmed the filing of 22 suits by 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd for the recovery of assets with a total in excess of RM96.

Malaysia hotel industry losses RM135m during Ramadan last year

May 11

PETALING JAYA (May 10): At least RM135 million of revenue in the food and beverage segment were evaporated during last year’s Ramadan period, due to the implementation of movement control order (MCO), according to Malaysian Association of Hotels (MAH).

Affordable homes: Foundation proposes two-generation loans plan

May 08

KUALA LUMPUR (May 8): The Better Malaysia Foundation (BMF) recently proposed to allow 100% financing for two-generation loans and for the government to guarantee such loans to enable the B40 group to own homes, reported The Edge Malaysia.

BNM keeps OPR pat at 1.75%; economists expect rate to stay through 2021

May 07

KUALA LUMPUR (May 7): Bank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.

MAHB says it has not received details of Subang airport takeover proposal

May 07

KUALA LUMPUR (May 7): Malaysia Airports Holdings Bhd (MAHB) said it has yet to receive the details of a reported proposal by a private business entity to take over the Sultan Abdul Aziz Shah Airport in Subang.