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EBIC Debuting Two Projects After CNY - The Edge

EBIC Debuting Two Projects After CNY
KUALA LUMPUR, Jan 14 - EBIC Holdings Sdn Bhd, which was founded by Roger Lim two years ago when he was just 31, is ready to unveil its first two projects in Kuala Lumpur.

With a total gross development value of RM252 million, they will be launched by 1H2013. In fact, the niche developer has another three projects to be launched by 2014 with a total GDV of RM585 million.

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OPR to remain unchanged - MARC

OPR to remain unchanged
KUALA LUMPUR, Jan 3 - Malaysian Rating Corp Bhd (MARC) expects Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) unchanged at three per cent despite pressures to lower it amid a weakening external sector.

MARC said it expected the monetary policy to remain unchanged with a slight upside bias unless the growth momentum were to decline significantly. "We sense that the BNM is not willing to endanger the financial system by inducing more over-leveraging practices through lower interest rates, especially among households," it said in the "Economic Outlook 2013: Sustaining Domestic Pillars Amidst Global Uncertainties" report.
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BNM maintain OPR unchanged at 3%

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KUALA LUMPUR, May 11 - At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

While the global economy continues to recover, developments in the most recent period have increased the risks to global growth. Stress in the international financial markets has re-emerged following rising policy uncertainties and renewed concerns over the sovereign debt crisis in the euro area. Economic activity in Europe also continues to be weighed down by the ongoing fiscal consolidation, impaired financial intermediation and weak labour market conditions. In North America, recent economic data have been mixed, indicating uncertainty in the pace of the economic recovery. In Asia, while economic activity continues to be supported by domestic demand, the growth momentum is affected by the slowdown in international trade activity.
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Registration for our brand new DeSkye Condominium has been started for a while. Those that have not registered is still not too late. Register now before we close for our first batch early birds and many discounts and free gifts are waiting for you.

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Monetary Policy Statement by MPC at Bank Negara Malaysia

Monetary Policy Statement by MPC at Bank Negara Malaysia
At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

The global economic and financial conditions registered some improvements since the previous MPC meeting. Stress in the international financial markets has been partially alleviated by the introduction of measures to address the European sovereign debt crisis. In North America, there have been tentative signs of improvements in the economy. Notwithstanding these improvements, growth in the advanced economies remains subdued. In Asia, while growth continues to be supported by domestic demand, the growth momentum has moderated amid a slowdown in trade activity.