Moody's sees sustained earnings growth for Genting but flags higher debt from NY expansion
"We project its consolidated capital spending will rise to RM6 billion to RM7 billion per annum in 2024 and 2025 from RM2.8 billion in 2023.”
Axis REIT's 3Q net property income rises 12%, declares 2.35 sen DPU
New tenancies from its logistics warehouse Axis Mega Distribution Centre (Phase 2) and positive rental reversion from its existing portfolio also boosted its NPI for the three months ended Sept 30, 2024.
Higher rental income lifts IGB REIT, IGB Commercial REIT’s 3Q net property income
Revenue increased 3.73% to RM155.27 million, compared to RM149.68 million in 3QFY2023.
Pintaras Jaya buys 33 acres of agricultural land in Kapar for RM22.9m
The property, which is an oil palm plantation, is currently categorised as agricultural land but is zoned for residential development.
KLCCP Stapled Group appoints Salem Kailany as CEO
KLCCP Stapled Group (KL:KLCC) has appointed Datuk Mohd Salem Kailany as the chief executive officer of KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, effective from Nov 1, succeeding Datuk Md Shah Mahmood.
Suling Hill Development launches RM1.3 bil Northern TechValley @ BKE industrial park in Penang
Suling Hill Development Sdn Bhd, a joint-venture between AME Elite Consortium Bhd (KL:AME) and Majestic Gen Sdn Bhd, officially launched Northern TechValley @ BKE in Seberang Jaya, Penang on Monday.
Revival of five LRT3 stations now estimated to cost RM5.3b, says deputy minister
The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor is expected to cost RM5.3 billion, higher than initially estimated, says Deputy Transport Minister Hasbi Habibollah.
BlackBerry picks Cyberjaya as HQ for Asia-Pacific cybersecurity ops
BlackBerry Ltd has chosen Cyberjaya, Selangor as headquarters for its cybersecurity operations in the Asia-Pacific (Apac), according to a press release on Monday.
MN Holdings in JV to bid for data centre construction sub-contract
MN Holdings Bhd (KL:MNHLDG) has partnered with Protech Builders Sdn Bhd (PBSB) to jointly tender for sub-contract works for the construction of a data centre project.
Padini announces retail revamp plans in Malaysia, Thailand for FY2025
Padini Holdings Bhd (KL:PADINI) announced plans to refurbish nine stores, open four new outlets, and close one location in Malaysia in the current financial year ending June 30, 2025 (FY2025) as part of efforts to streamline its retail operations.
