The research house’s view contradicts OCBC’s and UOB’s view that BNM will hold the OPR at 3% for the rest of the year, but aligns with MIDF Research's view that an increment will occur in the second half of the year.
Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.
BNM’s latest OPR decision follows the 25 basis point (bps) hike in May as it moved to further normalise monetary policy in line with resilient domestic growth prospects.
Sheraton Johor Bahru will be part of an upcoming mixed-use development comprising several commercial developments, including a retail podium and office spaces, along Jalan Storey in Johor Bahru.
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.
MBSB is in the midst of acquiring MIDF via a RM1.
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