News about rate

The rate hike, after two consecutive pauses in early 2023 at 2.

"We believe loan growth will be supported by the resilient household sector on the back of improved income and steady labour market conditions, as reflected in the lower unemployment rate,” Kenanga said.

The REIT said the southern region remained as the highest revenue contributor, with the three malls located in the region reporting a gross revenue of RM10.

They comprise  a special premium scheme, interest-free instalment payment for development charges, tax exemption for vacant land assessment, a 50% discount on the vacant building assessment tax, and business license fee exemption SHAH ALAM (March 15): The Selangor government has introduced five incentives to drive investments into its Integrated Development Region in South Selangor (Idriss).

Thursday's decision to maintain the OPR at 2.

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.

The current non-bank interest rates stand at 12% for mortgage loans and 18% for non-mortgage loans.

Ranjan Chandran, the lawyer for the 36 buyers who are seeking to be interveners to oppose the CVA, submitted on Wednesday (Jan 4) that the CVA was usually intended for ailing companies and not for abandoned developments.

In 2022, BNM raised the OPR four times at 25bps each, which upped the OPR level from its record low of 1.

This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast polled by Bloomberg, bringing year-to-date increase to 75bps.