News by theedgemalaysia.com

Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) rose 21.54% to RM101.01 million, up from RM83.11 million a year ago, on the back of higher revenue.

CGS-CIMB remained upbeat on the construction sector with an “overweight” call as the KL-Singapore High Speed Rail (HSR) project gains traction.

Oriental Interest Bhd (OIB) registered a net profit of RM12.4 million in the third quarter ended May 31, 2023 (3QFY2023), a 42.24% decline from RM21.46 million a year earlier, due to higher staff costs as the group sought further expansion.

Shares of piling and engineering firm Top Builders Capital Bhd will be delisted from the Main Market of Bursa Malaysia on Aug 8.

The  Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) request for information (RFI) briefing on Thursday (July 27) attracted over 700 representatives from local and international companies, as well as foreign missions, said MyHSR Corp Sdn Bhd.

Tropicana Corp Bhd has surpassed its property sales target, hitting RM650 million in the six months ended June 30, 2023 (1HFY2023) as property bookings soared above RM1.3 billion.

The newly appointed chief executive officer of Malaysia Building Society Bhd (MBSB), Rafe Haneef, said he has not received any official word that Datuk Wan Kamaruzaman Wan Ahmad, formerly the chief executive officer (CEO) of Retirement Fund Inc (KWAP), would be appointed chairman of the enlarged Malaysia Building Society Bhd (MBSB) and Malaysian Industrial Development Finance Bhd (MIDF) group.

Khazanah Nasional Bhd's wholly owned UEM Group Bhd, in collaboration with local investor Itramas Corp Sdn Bhd — and with the potential participation of several foreign investors — is developing a 1GW hybrid solar photovoltaic power plant in Malaysia that will be integrated with a renewable energy (RE) industrial park.

The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases.

Hong Leong Investment Bank (HLIB) Research has reaffirmed its call on IGB Real Estate Investment Trust (IGB REIT), with an unchanged target price (TP), and said the REIT will continue to demonstrate resilience for the remainder of the financial year 2023 (FY2023).