News by M

The stapled security, which is composed of KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), also posted a 23.88% decline in revenue to RM267.25 million, from RM351.09 million last year.

No new death was reported today, marking a fifth day with no mortality.

Saidi Abang Samsudin told the court that he had initially settled for making a 10% contribution, but Datin Seri Rosmah Mansor, through her aide Datuk Rizal Mansor, insisted on increasing the percentage to 15%.

Testifying on the witness stand at the 1MDB-Tanore trial, its former chief executive officer Datuk Shahrol Azral Ibrahim Halmi said the amount was raised by its subsidiary 1MDB Global Investments Ltd, a special purpose vehicle (SPV) set up to raise funds.

The money was to be used as seed capital for the development of the Tun Razak Exchange (TRX) project along Jalan Tun Razak.

“We have seen the PN (Perikatan Nasional) government taking action to reach a settlement with various parties, including Goldman Sachs and Riza Aziz. These settlements have raised many questions and concerns that Malaysia’s rights to the 1MDB-related assets have been jeopardised.”

It was reported that Rosmah, who is former prime minister Datuk Seri Najib Razak's wife, is accused of soliciting RM187.5 million from Jepak Holdings Bhd to help the firm secure a RM1.25 billion project to supply solar hybrid power to 369 schools in Sarawak.

In the office market, CBRE anticipates enquiry and inspection to be negatively impacted should stricter lockdown measures come into force.

It also noted that new sources of leasing demand will be limited in 2H2020 as most office occupiers will continue to prioritise operational resilience and are unlikely to commit to new leases unless they have upcoming lease expiries or especially urgent space requirements.

Shares of the Sun Hung Kai Properties are now trading at less than half the value of the company's net assets - “within a hair's breadth of the most depressed level on record”.

Identifying a location for the permanent disposal facility (PDF) was part of the requirements set by the Malaysian government when it renewed Lynas's licence to operate in the country last year

SGX stated it will launch the SGX FTSE EPRA Nareit Asia ex-Japan Index Futures and the SGX iEdge S-REIT Leaders Index Futures on Aug 24.