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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Aspen hopes to ink RM550 mil RTO agreement with Yi-Lai by next week

BUTTERWORTH (July 28): Penang-based property player Aspen Vision Development Sdn Bhd is hoping to ink a share sale agreement for its RM550 million reverse takeover (RTO) of ceramic and homogenous tiles maker Yi-Lai Bhd by next week, which will pave the way for the former to be listed on Bursa Malaysia.

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Amendments to land laws will attract more foreign investors, says Wan Junaidi

NILAI (July 28): The recent amendments to land laws that were passed in Parliament recently will be a boost to attract new foreign investments, said Natural Resources and Environment Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said yesterday, Bernama reported He added that the amendments would also help the public tremendously on matters relating to land.

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Shoebox units to kick off in Penang?

KUALA LUMPUR (July 27): Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.

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