BNM keeps OPR at 1.75%, as expected
KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.
Bridge collapse: Driver of trailer that crashed into scaffolding tests positive for drugs, say cops
KUALA LUMPUR (March 4): The driver of the trailer that crashed into a pedestrian bridge that was still being built along the MRR2 Highway near Bandar Tasik Selatan yesterday has tested positive for drugs, reported The Star.
Malaysian Association of Hotels welcomes relaxation of restrictions on business travellers
PETALING JAYA (March 4): The Malaysian Association of Hotels (MAH) has welcomed the move by the government to allow business travellers into the country with the relaxation of restrictions on business travellers, The Star reported today.
Teh Hong Piow says Malaysia's low interest rates to persist into foreseeable future
KUALA LUMPUR (March 4): LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow (pictured) said Malaysia’s low interest-rate environment is expected to persist into the foreseeable future as the Covid-19 pandemic and effectiveness of global efforts to contain its spread continue to dominate the world economic landscape.
Bukit Aman to investigate Zeti’s husband for allegedly receiving 1MDB funds
KUALA LUMPUR (March 3): Bukit Aman (pictured) said today that it has begun investigations into Datuk Dr Tawfiq Ayman for allegedly receiving funds linked to 1Malaysia Development Berhad (1MDB) in a Singapore bank account under his name.
Scaffolding collapses at flyover along MRR2, five trapped in van
KUALA LUMPUR (March 3): A scaffolding at a construction site along the Sungai Besi-Ulu Klang Elevated Expressway (SUKE), near Desa Tun Razak, collapsed this evening resulting in at least five people trapped in a van, reported the Malay Mail today.
Paramount sets higher property sales target of RM1b for 2021, sees low interest environment as a boon
KUALA LUMPUR (March 3): The current low interest rate environment bodes well for the property market due to lower borrowing costs, says Paramount Corp Bhd group chief executive officer Jeffrey Chew (pictured).
Kanger International bags RM478m contract to build two blocks of apartments in Genting Highlands
KUALA LUMPUR (March 3): ACE Market-listed Kanger International Bhd's wholly owned unit has bagged a contract to build two blocks of serviced apartments totalling RM478 million in Genting Highlands.
Thailand developers will soon offer real estate-backed digital tokens
BANGKOK (March 3): Since Thailand Securities and Exchange Commission (SEC) approved the trading of real asset tokens this month, a few Thailand developers and real estate firms are mulling the digital fundraising option by launching their own real estate-backed tokens, Bangkok Post reported.
Genting Malaysia’s senior management takes temporary voluntary 20% salary cut, asks staff to consider variation in employment contract based on rank
KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.
