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Thursday's decision to maintain the OPR at 2.

In a bourse filing on Thursday (March 9), Able Global said ADSB, being the vendor of the deal, had entered into a sale and purchase agreement with the purchaser Able Perfect Sdn Bhd (APSB).

This is the second consecutive time the central bank maintained its benchmark interest rate after four straight hikes last year by a cumulative 100 basis points to tame inflation and respond to tightening fiscal policy by the US Federal Reserve.

Designed to be aligned with the market’s desire for a wellness-centred lifestyle, 168 Park Selayang offers 25 retreat-inspired facilities including a reflexology path, childcare centre, herb garden, water playground, swimming pool, and a barbecue area.

Jointly developed with Temokin Holdings Sdn Bhd, Tropicana Miyu comprises 271 units with built-ups from 600 sq ft to 2,183 sq ft.

“This proposed acquisition is in line with our strategy of replenishing our land bank at locations with strong growth potential and to scale up our property development activities to generate long-term sustainable income.

It said the funding issue has been resolved, and construction work was to have resumed in mid-February.

“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.

He joined Guocoland Group in 2011, after working with GL Ltd  (now known as GuocoLeisure Ltd), which is owned by Hong Kong-listed Guoco Group Ltd.

The 238-room INNSiDE by Meliá Kuala Lumpur Cheras is expected to open its doors this month.