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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.

“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.

“AME REIT would have remaining financing headroom of more than RM430 million to explore future acquisitions, be they from AME Elite or from third-party sources within and beyond Johor, to sustain our momentum.

En added that on adjudication alone, fees worth hundreds of millions have been paid by disputing parties since its inception and this does not include legal expenses incurred at various courts and arbitration.

“The MRT project is currently already at an advanced stage and should be implemented soonest.

Unitholders also approved a private placement of up to 1.

Quarterly revenue, however, fell marginally by 2.

SCIB managing director Rosland Othman said there are no penalties or liquidated ascertained damages to SCIBILL over the termination of the project.

On Dec 1 last year, the company said it was still in the midst of formulating a regularisation plan to address its financial condition.