Auditors raise doubts over Eversendai’s ability to continue as a going concern
Messrs Baker Tilly Monteiro Heng PLT highlighted that the group incurred a net loss of RM366.
YKGI Holdings seeks to diversify into construction, property development
ADSB has secured RM17 million of orders for its construction business, and submitted tender applications and quotations for construction works amounting to RM6.
Advance Opportunities Fund 1 ceases to be Impiana Hotels' substantial shareholder
Advance Opportunities Fund ceased to be a substantial shareholder of Impiana on April 14 after selling 21.
Maju Offshore emerges as a substantial shareholder of Bina Puri
Following the stake acquisition, Maju Offshore is Bina Puri’s fourth-largest shareholder after Bina Puri executive director Chai Chan Tong with a 23.
Genting Malaysia issues RM500m MTNs to fund development of Genting Highlands, working capital
The proceeds from the issuance of the MTNs will be used for, among others, the development of properties and resorts of Genting Malaysia and its subsidiaries, including those in Genting Highlands, Pahang.
Luxurious resort living at The MINH
Soak in the sun at a poolside cabana, calm your senses with a relaxing spa session or unwind with a good book in the lounge – a luxurious resort stay does wonders to invigorate the worn and weary.
Winners and losers of Bank Negara’s latest OPR rate hike to 3%
According to Hong Leong Investment Bank (HLIB), banks, in particular Alliance Bank Malaysia Bhd and Bank Islam Malaysia Bhd (BIMB), are expected to benefit from the OPR hike as it would help alleviate some pressure off Net interest margins (NIM) in 2Q2023.
OPR to remain on hold at 3% for the rest of 2023, Fitch Solutions says
In a report on Thursday (May 4), BMI, a Fitch Solutions company, said that as inflation continues to moderate domestically, "we believe BNM will increasingly turn its focus to supporting growth over the coming months".
CGS-CIMB sees another hike in 2H2023, bringing the OPR to 3.25%
“We believe there could be one more OPR hike by end-2023 to 3.
OPR normalisation to pre-pandemic level of 3% likely to remain till end-2023, say economists
The majority of economists now bet that the OPR, which has normalised to pre-pandemic levels, will be maintained for the remaining three monetary policy meetings in 2023, scheduled in July, September and November.
