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Sunway REIT’s 2Q NPI rises 9%; declares 4.62 sen DPU

Sunway Real Estate Investment Trust (Sunway REIT)’s net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) increased by 8.7% to RM116.18 million from RM106.89 million a year earlier, primarily driven by its hotel, retail, services as well as industrial and other segments. 

Perak Corp, private firm ARX-YSC to jointly develop land in Perak four years after JV agreement

Debt-ridden Perak Corp Bhd, a 52.9%-owned subsidiary of the Perak State Development Corp, will jointly develop four pieces of land in Hulu Bernam Timor, Muallim, Perak, with ARX-YSC Sdn Bhd, a private limited company engaged in construction, property consultancy services and real estate activities — nearly four years after the two companies signed a joint venture agreement (JVA).

Vincent Tan obtains temporary restraining order against Kedah MB

Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan and BCorp's unit Berjaya Land Bhd (BLand) have obtained a restraining order against Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor which prevents him from making similar defamatory remarks relating to the Selangor Maritime Gateway (SMG) project.