Gamuda appoints Rashdan Yusof new deputy group managing director
Gamuda said Rashdan would work alongside deputy group MD Datuk Ir Ha Tiing Tai.
New brands still land in Malaysia despite closure concerns
There were 71 foreign brands last year and 24 foreign brands that had set up shop in Malaysia.
OCR disposes loss-making subsidiary for RM4.4 mil
The disposal also enables OCR to concentrate on its existing business of property development and construction business.
HSBC Global Research expects next OPR hike only in 1Q19
And the hiking cycle will be very gradual...
DONE DEAL: Arnica serviced residence, Tropicana Gardens, Kota Damansara
Sold for: RM1.4 million (RM888 psf); Concluded by: Lai Yan Yin (REN 17086, 012-881 8886) of MIP Properties and Eric Ng (REN 03650, 016-663 9423) of Ridgewell Properties Sdn Bhd; When: February 2018
Pavilion REIT sees 13% net property income growth in 1Q
Going forward, the REIT expects the retail environment to continue to be challenging.
High-end condo sales expected to slow this year
“The residential market remained subdued due to the relatively large inventory of unsold units and slower demand.”
Positive economic outlook, strengthening ringgit to attract more investors
“The outcome of the upcoming election will also have long term implications on the economy going forward.”
Tencent to set up first Asean data centre in Malaysia
"We are going to be the hub for Tencent for their regional data service."
Retail sector to improve post-GE14
But market will remain challenging in the coming years, partly due to the disruption from e-commerce.
