News about ban

KUALA LUMPUR (Feb 22): The proposed sale of an eight-storey building or 'Building 2' to Ibraco Bhd's major shareholder Hiap Ghee Seng Sdn Bhd (HGS) for RM25.

KUALA LUMPUR (Feb 22): Cagamas Bhd has issued RM305 million in three-month Islamic commercial papers (ICP) to fund the purchase of Islamic home financing from the financial system.

KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp) shares tumbled 33.

KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp), a Practice Note 17 (PN17) company, has been served with a winding-up petition by RHB Bank Bhd, demanding repayment of debt totalling RM118.

KUALA LUMPUR (Feb 20): A slash in revenue caused Bina Darulaman Bhd (BDB) to deliver a loss of RM10.

KUALA TERENGGANU (Feb 20):  The Ministry of Urban Wellbeing, Housing and Local Government has approved the allocation of RM11 million for the upgrading of 17 medium-low and low cost flats in Terengganu since 2014 until last year.

PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.

PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.

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KUALA LUMPUR (Feb 14): The overnight policy rate (OPR) adjustment reflects a normalisation of key interest rates and is not meant to be a tightening of monetary conditions, Bank Negara Malaysia (BNM) said today.