New brands still land in Malaysia despite closure concerns

Apr 27

KUALA LUMPUR (April 27): Some 95 new foreign brands have made their debut in the Malaysian retail market since 2017 to date.

OCR disposes loss-making subsidiary for RM4.4 mil

Apr 27

KUALA LUMPUR (April 27): OCR Group Bhd has entered into a share sale agreement with Singaporean Choo Peng Hung to dispose its entire equity stake of 100% in Takaso Industries Pte Ltd (TIPL) for RM4.

Axis REIT’s 1Q realised net income within expectations

Apr 27

Axis Real Estate Investment Trust (April 26, RM1.

Pavilion REIT sees 13% net property income growth in 1Q

Apr 26

KUALA LUMPUR (April 26): Pavilion Real Estate Investment Trust (Pavilion REIT)’s net property income (NPI) rose 13% to RM89 million in the first quarter ended March 31, 2018, from RM78.

High-end condo sales expected to slow this year

Apr 26

PETALING JAYA (April 26): With the current freeze on new approvals for luxury residential properties, developers are focusing on launching more affordable units and clearing completed unsold stock, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.

Positive economic outlook, strengthening ringgit to attract more investors

Apr 26

PETALING JAYA (April 26): The positive economic outlook and re-covering ringgit will attract more investors who are currently taking a wait-and-see approach, in spite of the overall weak property market across various segments, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.

Tencent to set up first Asean data centre in Malaysia

Apr 26

KUALA LUMPUR (April 26): Chinese internet giant Tencent Holdings will soon announce the setting up of a data centre — their first in Asean — in Cyberjaya, Malaysia, said Malaysia Tourism Promotion chairman Datuk Dr Siew Ka Wei.

Retail sector to improve post-GE14

Apr 26

KUALA LUMPUR (April 26): The sluggish local retail market is expected to pick up after the nation’s 14th general election which will be held on May 9, said Malaysia Retailers Association (MRA) president Tan Sri William Cheng.