BNM keeps OPR at 2.75% amid global uncertainties
KUALA LUMPUR (March 5): Bank Negara Malaysia (BNM) has kept its benchmark overnight policy rate (OPR) unchanged at 2.
Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline
KUALA LUMPUR (March 5): Exsim Hospitality Bhd (KL:EXSIMHB) announced the partnership with developer Majestic Gen to introduce professionally-managed accommodation in selected developments nationwide, with a potential pipeline of over 3,000 keys over the next four years.
Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case
KUALA LUMPUR (March 5): Semantan Estate (1952) Sdn Bhd has filed a discovery application to obtain survey and acquisition plans from before Merdeka for its compensation hearing over the “Duta Enclave” land, which the court ruled the government had trespassed on.
Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken
KUALA LUMPUR (March 4): Mah Sing Group Bhd has opened the M Aurora sales gallery in Old Klang Road, marking its first project in the area, with the initial Tower B Phase 1A recording a 96% take-up rate.
Tropicana narrows FY2025 loss to RM15.5m as revenue rises 6% to RM1.5b; balance sheet strengthens
PETALING JAYA (March 4): Tropicana Corp Bhd (Tropicana) reported revenue of RM1.
Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags
KUALA LUMPUR (March 4): Malaysian contractors and building materials companies may face margin pressure from rising costs amid escalating conflict in the Middle East, CIMB Securities said.
Sunway's ongoing takeover offer for IJM under MACC investigation, says Azam Baki
PUTRAJAYA (March 4): Malaysia’s anti-graft agency said it has opened an investigation paper linked to Sunway Bhd’s (KL:SUNWAY) ongoing takeover offer for IJM Corp Bhd (KL:IJM).
TA Global launches Tower B of Amaya Residences
KUALA LUMPUR (March 4): TA Global Bhd officially unveiled Tower B of Amaya Residences in Bandar Sri Damansara, Selangor on March 1, following an 80% take-up rate for Tower A of the development.
Rivertree enters into a RM600m related-party deal to build labour quarters
KUALA LUMPUR (March 4): Rivertree STF Synergies Bhd (KL:RSSB), formerly known as Sinmah Capital Bhd, has entered into a heads of agreement (HOA) to collaborate on the design, construction and operation of up to four centralised labour quarters (CLQs) in the Klang Valley, with a total indicative value of RM600 million.
Gadang to acquire Johor Bahru land from Ekovest for RM75.5 mil
KUALA LUMPUR (March 4): Gadang Holdings Bhd (KL:GADANG) is buying an 11.
