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YTL REIT looking at more hotels

YTL REIT looking at more hotels

KUALA LUMPUR: YTL Corp Bhd aims to buy more assets to increase the size of its YTL Hospitality REIT (real estate investment trust) business, currently valued at RM4.62 billion. Executive director Datuk Mark Yeoh told the New Straits Times the group was looking at hotels in Europe, Japan and Malaysia. “We are strategic investors. When the opportunity...

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Govt determined to drive digital economy growth in 2020

Govt determined to drive digital economy growth in 2020

PUTRAJAYA: The government is determined to drive the development of digital economy to boost the nation’s economic growth, said Finance Minister Lim Guan Eng. He said the digital economy could also attract investors and encourage human capital development as well as research. “Malaysia’s transformation towards digital economy could only be realised if the people immerse...

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Malaysia’s GDP to expand by 4.4% in 2020, says EIU

Malaysia’s GDP to expand by 4.4% in 2020, says EIU

MALAYSIA’S GDP is expected to grow by 4.4% in 2020, rather similar to the economic growth that was recorded in 2019, according to the Economist Intelligence Unit (EIU). The Economist Corporate Network South-East Asia director Pamela Qiu said Malaysia can expect to reap strong benefits in the automotive and ICT sectors, as investors look to...

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Bank Negara surprises dropping interest rate to lowest in 9 years

Bank Negara surprises dropping interest rate to lowest in 9 years

PETALING JAYA: The surprise move by Bank Negara to reduce the overnight policy rate (OPR) to 2.75% – the lowest level in nearly nine years – has rattled banking stocks as margin compression fears kick in. Major banking counters such as PUBLIC BANK BHD (-2.36%), HONG LEONG BANK BHD (-3.56%), CIMB GROUP HOLDINGS BHD (-1.95%) and MALAYAN BANKING BHD (-0.58%) yesterday saw selldowns,...

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