OSK to benefit from civil servant salary increase

PETALING JAYA: The civil servants pay hike will be a shot in the arm for property developer OSK Holdings Bhd, as it will mean higher borrowings.

Hong Leong Investment Bank (HLIB) Research said this in a report following the announcement by Prime Minister Datuk Seri Anwar Ibrahim last week that civil servants’ salaries will be hiked by more than 13%.

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