News about ban

BETTER known for building affordable residential and commercial properties, Seremban-based developer Matrix Concepts Holdings Bhd is planning to target the mid- to high-income market with the launch of higher-end properties.

KUALA LUMPUR (July 20): RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.

KUALA LUMPUR (July 20): Selangor Menteri Besar Datuk Seri Azmin Ali has urged Bank Negara Malaysia (BNM) to look at measures to help potential first-time homebuyers acquire properties to increase home ownership.

Construction sector Maintain overweight: The remaining eight Pan Borneo Highway work packages worth around RM10 billion will be awarded this month, according to a news report.

PUTRAJAYA (July 19): Malaysia and Singapore have signed a Memorandum of Understanding (MOU) to work towards commencing the Kuala Lumpur-Singapore High Speed Rail (HSR) operations by 2026.

KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).

CONTRARY to the expectation of most economists, Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points to 3% last Wednesday, following its counterparts from Indonesia, Singapore and Taiwan.

KUALA LUMPUR (July 18): AmBank (M) Bhd has teamed up with Advelsoft (M) Sdn Bhd to provide bank customers with JomPAY, a platform to make online bill payments for monthly management fees for condominiums and apartments.

KUALA LUMPUR (July 18): Naza TTDI Sdn Bhd plans to launch projects worth RM1.

KUALA LUMPUR (July 18): CIMB Group Holdings Bhd has joined other banks in lowering its base rate (BR) by 20 basis points (bps) for loans or financing products for its Malaysian business.