News about Malaysia

Thursday's decision to maintain the OPR at 2.

Legoland Malaysia Resort has stepped up efforts to woo Indonesians who make up the highest number of foreign visitors.

This is the second consecutive time the central bank maintained its benchmark interest rate after four straight hikes last year by a cumulative 100 basis points to tame inflation and respond to tightening fiscal policy by the US Federal Reserve.

Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the special team set up by the ministry to review delayed, sick and abandoned projects had set the target to resolve issues concerning 10 projects within a year.

“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.

“AME REIT would have remaining financing headroom of more than RM430 million to explore future acquisitions, be they from AME Elite or from third-party sources within and beyond Johor, to sustain our momentum.

En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.

“The MRT project is currently already at an advanced stage and should be implemented soonest.

Unitholders also approved a private placement of up to 1.

Quarterly revenue, however, fell marginally by 2.