News by theedgemalaysia.com

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).

JAKS Resources Bhd has teamed up with a Germany-based renewable energy company to participate in a solar photovoltaic project with an installed capacity of 63.3 MW in Tuscany, Italy.

Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) fell 7.58% to RM58.43 million in the second quarter ended June 30, 2023, from RM63.23 million a year earlier, due to lower property income, higher expenses and lower gains on financial liabilities.

Tanco Holdings Bhd’s unit has secured a contract for the construction of a Rumah Selangorku project from Win Global Builder Sdn Bhd (WGBSB) for RM82.76 million.

Ekovest Bhd has signed a tripartite memorandum of understanding (MOU) with China-based parties to explore cross-border socio-economic strategic collaboration. 

IGB Commercial Real Estate Investment Trust, the country's largest standalone office REIT by net lettable area, reported a marginal 3% increase in its net property income for its second quarter ended June 30, 2023 (2QFY2023) to RM31.11 million from RM30.08 million a year ago, as it recorded higher revenue on higher occupancy rate.