Sime Darby announces demise of its director Wan Selamah
The group announced this in a "change in boardroom" filing with Bursa Malaysia on Tuesday (July 25).
CLMT’s 2Q NPI rises 52% on contribution from newly acquired Queensbay Mall, higher rental income
Capitaland Malaysia Trust (CLMT) recorded a second quarter net property income (NPI) of RM56.8 million, 51.8% higher than RM37.4 million a year earlier, boosted by contribution from the newly acquired Queensbay Mall as well as higher rental income.
CapitaLand Malaysia expects strong consumer spending to support growth momentum for remaining of FY2023
CapitaLand Malaysia Trust (CLMT) expects its earnings momentum to sustain in the second half of this year, bolstered by strong consumer spending and positive rental reversion coupled with contributions from newly acquired assets.
Sentral REIT acquires Menara CelcomDigi for RM450m; proposes share placement
Sentral REIT has signed a conditional sale and purchase agreement (SPA) with a unit of its major unitholder Malaysian Resources Corp Bhd (MRCB) to acquire the 27-storey office building known as Menara CelcomDigi in Petaling Jaya, Selangor for RM450 million.
IJM Land to launch Daffodil Residency apartment in Bandar Alam Suria in October
Bandar Suria Alam is a RM3.6 billion, 1,163-acre township located in Puncak Alam, Selangor, comprising residential and commercial components.
WORQ partners with MDEC's DE Rantau programme to help develop Malaysia’s digital economy
“This collaboration not only addresses surging demand for digital transformation, but also underscores our unwavering commitment to positioning Malaysia as the leading digital hub in Asean.”
IJM Corp to acquire 45% stake in Pestech International for RM124m
The integration of Pestech’s capabilities in railway signalling and electrification also complements IJM’s diversified value chain portfolio, said IJM.
As June inflation cools to 14-month low, economists mixed on BNM's OPR plans
This led to differing views from some economists as to whether BNM will hike the key rate further following the surprise 25-basis-point increase in April, or to leave it unchanged for the rest of the year.
KIP REIT's 4Q net property income up 14%, declares 1.75 sen income distribution
Revenue for the quarter rose 16.5% to RM22.39 million, from RM19.22 million in 4QFY2022, driven by higher gross revenue from its retail and industrial segments.
RHB Research's optimism on Iskandar property market grows as market moves past property glut
... as it believes that the market has moved past the "Forest City scare" or supply glut from the massive mixed-use development, thanks to incoming infrastructure developments.
