News about ng

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.

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.

WCT Holdings Bhd (July 27, RM1.

KKB Engineering Bhd (July 27, RM1.

KUALA LUMPUR (July 27): KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan (pictured) urged investors to have a proper strategy to grasp good investments in the Johor property market, as it inches closer towards rock bottom.

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.

KUALA LUMPUR (July 27): Shares in KKB Engineering Bhd surged as much as four sen or 2.

KUALA LUMPUR (July 27): While industrial properties may not be a sexy class of investment assets, they make very stable assets no matter where you are in the cycle, said Axis REIT Managers Bhd head of investment Siva Shanker (pictured).

KUALA LUMPUR (July 27): Genting Malaysia Bhd has proposed to transfer boat-slip permits from properties on the Miami River in Florida to the casino operator's waterfront site, which has been earmarked for a 50-yacht marina, according to Miami Herald.

KUALA LUMPUR (July 27): Kenanga Investment Bank Bhd head of equity research Sarah Lim (pictured) believes the current Malaysian property market down cycle could last longer than usual due to liquidity-driven factors.