UOA Real Estate Investment Trust (REIT)’s first quarter net profit fell 8.8% amid a decline in occupancy rate at its older buildings, coupled with an increase in expenditure, driven by higher electricity and borrowing costs.
A wholly-owned company of flat steel products manufacturer Astino Bhd is buying a 884,703 sq ft piece of land in Selangor for RM60.16 million to undertake its expansion programme.
Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the first quarter ended March 31, 2023 (1QFY23) rose 16.3% year-on-year (y-o-y) to RM138.31 million from RM118.92 million driven by its retail segment.
): Indonesia’s planned city Nusantara is poised to become the next economic hub in the country, as highlighted by FIABCI Asia Pacific region president and special envoy for foreign affairs Rusmin Lawin at the International Real Estate Federation (FIABCI) Malaysia Morning Talk at Dewan Berjaya, Bukit Kiara earlier on Wednesday (May 3).
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.
Roads closed due to construction work will be reopened soon to reduce traffic congestion in the Klang Valley, according to Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.
Brem Holdings Bhd has ceased to be a substantial shareholder in Titijaya Land Bhd, after its 48.33%-owned unit Titi Kaya Sdn Bhd disposed of 7.7 million shares in the property developer.
Mulpha International Bhd has secured a A$160 million (RM478 million) green syndicated construction facility in Australia.
DCSB claimed for costs and expenses incurred for the delayed completion of the project. The claims included loss of profits, reputation, and general damages for breach of contract.
So far, this is the largest group of plaintiffs suing ACE Holdings.
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