Heah appointed as non-exec director of Eco World International
... replacing Datuk Chang Khim Wah, 59, who has resigned to focus on his executive role in Eco World Development Group Bhd (EcoWorld),
JLL Malaysia: KL office market sees higher rents in 3Q2023 due to ESG, flight-to-quality requirements
The office markets in Kuala Lumpur City (KLC), Kuala Lumpur Fringe (KLF) and Decentralised (DC) areas have observed an increase in transacted and asking rents in 3Q2023, driven by the demand for smart and green buildings and the flight-to-quality trend predominantly of financial services companies and multinational corporations (MNCs), said JLL Property Services (Malaysia) Sdn Bhd director of office leasing advisory Quiny Lee at the launch of JLL’s 3Q2023 Greater Kuala Lumpur Property Market Monitor: Sectorial Market Overview here on Monday.
Raising OPR 'no longer relevant' after inflation rate decline, says deputy finance minister
Raising the overnight policy rate (OPR) may no longer be "relevant” given the decline of headline inflation to below 2% recently, said Deputy Finance Minister Datuk Seri Ahmad Maslan.
Industronics inks MOA for development of Langkawi duty-free city
Industronics Bhd said it had entered into a memorandum of agreement (MOA) on Friday to negotiate a proposed collaboration to construct an international duty-free city on Pulau Langkawi.
UEM Sunrise takes back seat in the development of Medini's commercial zone
UEM Sunrise Bhd is disposing of a 6% stake in Nusajaya Lifestyle Sdn Bhd (NLSB), the developer and operator of the Mall of Medini, Iskandar Malaysia, to Iskandar Investment Bhd’s (IIB) unit Iskandar Harta Holdings Sdn Bhd (IHH), for RM8.92 million.
Glostrext buys office space in Singapore for RM2.6m
ACE Market-listed Glostrext Bhd is buying a 1,735-sq-ft office space in Singapore for S$750,000 (RM2.61 million).
EcoFirst sells 15 retail units from newly completed project to major shareholder for RM23.8m
EcoFirst Consolidated Bhd is selling 15 retail units from its completed Liberty Arc @ Ampang Ukay mixed development project to major shareholder Tan You Tiong for RM23.82 million.
Axis REIT obtains judgement in default against ex-tenant over RM110 mil unpaid and unexpired future rental payments
Axis Real Estate Investment Trust (Axis REIT) has obtained a judgement in default against its former tenant at Axis Steel Centre @ SiLC in Nusajaya, Johor, over a default on rental payments and unexpired future rental payments amounting to RM110 million.
KIP REIT's NPI jumps 15.2%, declares 1.55 sen DPU
KIP Real Estate Investment Trust (REIT) reported a 15.2% surge in net property income (NPI) for the first quarter ended Sept 30, 2023 (1QFY24), despite its NPI margin declining marginally to 73.8% during the quarter compared with 74.1% in the corresponding quarter.
CIDB subsidiary gets RM1m research grant from YTL Cement
Construction Industry Development Board's (CIDB) subsidiary Construction Research Institute of Malaysia (Cream) has secured a RM1 million research grant from YTL Cement.
