AmInvestment upgrades REIT sector, says worst is over

KUALA LUMPUR (Dec 24): AmInvestment Bank Bhd said today it has upgraded the Malaysia real estate investment trust (REIT) sector to "overweight" from "neutral" as the research firm believes the worst is over for the industry, which has contended with the impact of Covid-19-driven restricted movement policies.

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C&CA lauds MITI’s quick decision for cement plant ops to resume

KUALA LUMPUR (April 24): The Cement & Concrete Association of Malaysia (C&CA) has lauded the government’s decision to allow cement plants to resume operations, saying the industry has been suffering massive losses for the last two years with the Covid-19 pandemic exacerbating the situation.

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BNM expected to cut OPR by another 75 basis points: CGS-CIMB

KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said yesterday it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

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