OPR Cut To 2.75 Pct Will Stimulate Businesses, Maintain Nation’s Economic Resilience

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 9 (Bernama) – Bank Negara Malaysia’s (BNM) decision to cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent is a proactive stance to stimulate business activity, sustain domestic demand, bolster growth and maintain Malaysia’s economic resilience.

PBA Holdings Unit Files RM5 Bln Sukuk Wakalah With Securities Commission

KUALA LUMPUR, July 2 (Bernama) -- PBA Holdings Bhd’s wholly-owned subsidiary, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), has submitted the required documents to the Securities Commission Malaysia (SC) to set up an Islamic medium-term notes programme (sukuk wakalah) worth up to RM5 billion.

Avaland To Buy PJ Land For RM49 Mln

KUALA LUMPUR, July 1 (Bernama) -- Property developer Avaland Bhd has entered into an agreement to acquire 2.2 acres (0.89 hectare) of prime development land in Section 13, Petaling Jaya worth RM49 million.

BNM: Malaysia’s Official Reserves Assets At US$119.59 Bln As Of End-May 2025

KUALA LUMPUR, June 30 (Bernama) -- Malaysia’s official reserve assets amounted to US$119.59 billion (US$1= RM4.21) as of end-May 2025, while other foreign currency assets stood at US$955.2 million, according to Bank Negara Malaysia (BNM).

MyAxis Expects New Facility To Contribute To Revenue In 2QFY2026

KUALA LUMPUR, June 30 (Bernama) -- Meat processor and distributor, MyAxis Group Bhd, expects its upcoming processing facility in Bukit Kayu Hitam, Kedah to start contributing to its revenue in the second quarter of the next financial year (2QFY2026).

HSS Engineers Unit Wins Davao Transport Consultancy Deal

KUALA LUMPUR, June 25 (Bernama) -- HSS Engineers Bhd’s (HEB) associate, HSS Integrated Sdn Bhd (HSSI), has secured a consultancy contract for the Davao Public Transport Modernisation Project in the Philippines.

Tealive Operator Launches 3-in-1 Range Ahead Of IPO

PUTRAJAYA, June 6 (Bernama) -- Tealive has launched into the fast-moving consumer goods segment with the launch of its 3-in-1 sachet beverage series, ahead of its planned listing on Bursa Malaysia’s Main Market.

BNM: Malaysia's International Reserves Assets At US$118.70 Bln As Of End-April

KUALA LUMPUR, May 30 (Bernama) -- Malaysia's international reserve assets amounted to US$118.70 billion (US$1= RM4.21) as of end-April, 2025, while other foreign currency assets stood at US$1.75 billion, according to Bank Negara Malaysia (BNM).

Eco-Shop Positive About Performance Despite Price Hike

KUALA LUMPUR, May 23 (Bernama) -- Household retailer Eco-Shop Marketing Bhd remains optimistic about its performance despite hiking up product prices to RM2.60 from RM2.40 last month. 

Sunway REIT Posts Higher 1Q Net Profit Of RM104.32 Mln

KUALA LUMPUR, May 14 (Bernama) -- Sunway Real Estate Investment Trust (REIT) recorded a higher net profit of RM104.32 million for the first quarter of 2025 (1Q 2025) ended March 31, 2025, compared to RM86.98 million in the same quarter a year ago.

ACE Market-bound Signature Alliance Aims To Raise RM161.2 Mln From IPO

KUALA LUMPUR, May 14 (Bernama) -- Interior fitting-out specialist Signature Alliance Group Bhd (SAG) aims to raise RM161.2 million through its initial public offering (IPO), ahead of its scheduled listing on the ACE Market of Bursa Malaysia Securities Bhd on June 5, 2025.

News Analysis: US Tariffs Pose Short-Term Threat, ASEAN Resilience Will Prevail Over Long Term

KUALA LUMPUR, May 13 (Bernama-Xinhua) -- Wide-ranging unilateral tariffs imposed by the administration of the US President Donald Trump will cause short-term problems for certain sectors of the export-oriented states of the Association of Southeast Asian Nations (ASEAN) grouping, but will lose their bite over time considering the resilience of these countries, according to analysts.