Cut in OPR can boost consumer spending power, property industry, says Green Target CEO
KUALA LUMPUR (July 14): Bank Negara Malaysia's cutting of the overnight policy rate (OPR) from 3.
UEM Sunrise shines after Bank Negara OPR cut
KUALA LUMPUR (July 14): UEM Sunrise Bhd rose as much as three sen or 3% after Bank Negara Malaysia cut the overnight policy rate (OPR) to 3% from 3.
OPR cut alone not enough to revive property sales, says TA Securities
KUALA LUMPUR (July 14): Bank Negara Malaysia’s unexpected move to cut the overnight policy rate (OPR) by 25 basis points (bps) to 3% yesterday is not enough to revive property sales, according to TA Securities Research.
Trepidation ahead of Singapore REITs 2Q results
SINGAPORE (July 14): Daiwa Capital Markets is keeping its “positive” rating on Singapore Real Estate Investment Trusts (S-REITs), but has “low expectations” ahead of announcement of 2Q16 results by the 14 S-REITs under its coverage starting Friday.
HLIB Research upgrades M-REITs to 'Overweight' after OPR cut
KUALA LUMPUR (July 14): Hong Leong Investment Bank Research (HLIB Research) has upgraded Malaysian Real Estate Investment Trusts (M-REITs) to “Overweight”, following Bank Negara’s move to cut the overnight policy rate (OPR) by 25 basis points to 3% yesterday.
Penang NGO’s alternative transport plan costs just a third of state govt’s
GEORGE TOWN (July 14): A civil society group has called for the introduction of trams and bus rapid transits (BRTs) in Penang, saying this would cost only a third of the amount that the state government intends to spend on building light rail transits (LRTs) and monorails as part of the Penang Transport Master Plan (PTMP).
Bank Negara cuts OPR by 25bps for the first time since 2009
KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.
Ipoh gets Lonely Planet honour
KUALA LUMPUR (July 13): What do you think of when Ipoh comes to mind? Pomelos? Shredded chicken kueh teow soup? A long gone mega tin mining industry? Crunchy bean sprouts? Salt-baked chicken? Pretty girls with flawless complexion? The city has been sort of underrated over the years as a tourist spot in Malaysia, with the Pearl of the Orient, Penang; and historical Melaka hogging the limelight in the peninsula and Land Below the Wind, Sarawak across the South China Sea drawing in visitors.
New Manipal Hospitals Klang opens door next Monday
KLANG (July 13): Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.
