Hike in interest rates will weaken consumer spending, affect REIT sector, says AmInvestment
In a sector update on Friday (May 13), the research house said that its in-house economist predicted another hike in overnight policy rate (OPR) by 25 basis points (bps) in July this year.
Kidzania KL owner to construct and operate new ESCAPE theme park in Perak
In a bourse filing dated May 11 on Singapore's stock exchange, Sim Leisure said it has entered into a theme park agreement in relation to the project management of the construction and the operation and maintenance of an environmentally sustainable ESCAPE theme park in Jalan Tanjung Tualang Batu Gajah, Perak.
Kein Hing to construct RM5m factory in Vietnam as part of future expansion plans
Kein Hing’s wholly-owned subsidiary Kein Hing Thai Nguyen (Vietnam) Co Ltd (KHTV), has awarded the job to the contractor for the proposed construction of the factory on a piece of industrial land located at Diem Thuy Industrial Park, Phuc Binh District, in Vietnam.
Tropicana Corp delivers vacant possession for Triana shopoffices in Tropicana Aman
The 18.4-acre commercial hub features two- and three-storey shopoffices with prime visibility and versatile open-concept layouts for flexible business arrangements under the new norm, with VP undertaken for 54% of its shopoffices.
Sentral REIT 1Q NPI declines 2.9% to RM30.51m
Earnings per unit fell to 1.90 sen from 1.93 sen previously, its Bursa Malaysia filing showed on Thursday (May 12).
Mah Sing’s M Senyum Phase 1 in Sepang fully taken up
Homes in both phases have built-ups ranging from 1,555 to 1,761 sq ft with four bedrooms and three bathrooms, and the units are priced starting from RM450,000.
AME Elite secures shareholders’ greenlight for AME REIT Main Market listing
AME Elite Consortium Bhd said it has secured its shareholders’ approval for the proposed listing of AME Real Estate Investment Trust (REIT) on the Main Market of Bursa Malaysia Securities Bhd, at an extraordinary general meeting held on Wednesday.
BNM raises OPR to 2% from record low of 1.75%
Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from a record low of 1.75% as global inflationary pressures have increased sharply and after taking into account that the sustained reopening of global economy and improvement in labour markets continue to support the recovery of economic activity from the impact of Covid-19-driven movement restrictions.
Nestcon secures letter of award for job worth RM85m in Terengganu
Construction outfit Nestcon Bhd has received a letter of award (LoA) for a job worth RM85 million to design and build an integrated offsite scheduled wastes recovery facility in Kerteh, Terengganu.
