KL airbase relocation works give TRX City a boost
TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd) saw a net profit of RM380.
Loan growth remains weak at 2.8%
Banking sector Maintain overweight: June 2016 loan growth (+5.
Mah Sing’s Cerrado Tower A all snapped up upon launch
BANGI (Aug 1): Mah Sing Group’s Cerrado Residential Suites Tower A saw all 404 units taken up during its launch at Southville City’s Sales Gallery and Show Village here over the weekend.
HSR project to be beneficial in the long term, says Tan Sri Liew Kee Sin
PETALING JAYA (July 29): The Kuala Lumpur-Singapore High Speed Rail (HSR) project will benefit Kuala Lumpur, Seremban in Negeri Sembilan and Melaka the most, out of all the stops in the alignment, said EcoWorld Group Development Bhd non-independent non-executive chairman Tan Sri Liew Kee Sin (pictured).
Hong Leong to lower BR, BLR by 25 bps
KUALA LUMPUR (July 28): Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd will join other banks and lower its base rate (BR) and base lending rate (BLR) from tomorrow (July 29), following the reduction in Bank Negara Malaysia's overnight policy rate (OPR) by 25 basis points.
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Property down cycle may last longer than usual, says Kenanga
KUALA LUMPUR (July 27): Kenanga Investment Bank Bhd head of equity research Sarah Lim (pictured) believes the current Malaysian property market down cycle could last longer than usual due to liquidity-driven factors.
HSR structure levels playing field for international bidders
THERE are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year.
How the Singapore-KL High Speed Rail could bring more than growth
SINGAPORE (July 26): UOB is expecting the Singapore-Kuala Lumpur High Speed Rail to be the “next growth-game changer for the two countries, after Singapore Prime Minister Lee Hsien Loong and Malaysia Prime Minister Najib Razak signed the memorandum of understanding for the project on July 18.
Public Bank lowers BR, BLR by 23 bps
KUALA LUMPUR (July 26): Public Bank Bhd announced yesterday that it will reduce its base rate (BR) and base lending rate (BLR) or base financing rate by 23 basis points (bps) from tomorrow onwards, following Bank Negara Malaysia’s (BNM) move to cut the overnight policy rate by 25 bps to 3%.
