Daily Industry News Update (12 August 2022)

Rental demand improves despite rising OPR, inflation

THE rental demand in the second quarter of this year (2Q22), saw an increase of 12.89% quarter-on-quarter (QoQ) and 96.83% year-on-year, as many Malaysians have halted making large purchases amid the economic recovery.

Gabungan AQRS to establish RM200 mil ICP and IMTN programme

Gabungan AQRS Bhd has proposed to establish an Islamic commercial paper (ICP) and Islamic medium-term note (IMTN) programme of RM200 million in nominal value.

Malaysia’s 2Q22 GDP growth higher than anticipated at 8.9

THE Malaysian economy grew 8.9% year-on-year (YoY) in the second quarter of this year (2Q22), compared to an expansion of 5% in 1Q22. Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah said while the GDP was lifted