Commenting on the results, MBSB group chief executive officer Datuk Nor Azam M Taib said, “The improvement is driven by strong fundamentals based on our business plan despite the challenging economic environment.
In conjunction with the listing, SkyWorld’s initial public offering entails a public issue of 208,000,000 new shares representing approximately 20.
There is a widely held perception that housing is increasingly out of reach for the younger generation of Malaysians.
The latest ABSD increase hits foreigners most with the doubling of the rate to 60%.
The proceeds from the issuance of the MTNs will be used for, among others, the development of properties and resorts of Genting Malaysia and its subsidiaries, including those in Genting Highlands, Pahang.
“We believe there could be one more OPR hike by end-2023 to 3.
"We believe loan growth will be supported by the resilient household sector on the back of improved income and steady labour market conditions, as reflected in the lower unemployment rate,” Kenanga said.
Last week, Ageson said it needed additional time to identify suitable auditors following the resignation of STYL Associates PLT as its auditor in February due to resource constraints.