KIP REIT’s 3Q net property income falls 5.9% to RM13.69m, declares 1.6 sen DPU
KUALA LUMPUR (April 20): KIP Real Estate Investment Trust's (KIP REIT) net property income (NPI) for the third quarter ended March 31, 2021 fell 5.
FT Land and Mines: Convent Bukit Nanas land lease not renewed to ensure it becomes fully-aided govt school
KUALA LUMPUR (April 20): In the latest development of the saga over the Convent Bukit Nanas (CBN) issue, the Federal Territories Land and Mines Office today clarified that the school will be spared demolition when its lease expires as “the land it sits on will revert to the government so it can be gazetted as a fully-aided government school”, The Star reported today.
Sunway eyeing to launch mixed development of at least RM1.15b on Cochrane land
KUALA LUMPUR (April 20): Sunway Bhd plans to roll out a mixed development comprising serviced apartment and retail elements that carries a gross development value (GDV) of at least RM1.
IWCity plans share placing to Tiong Nam MD and four others to raise RM40m
KUALA LUMPUR (April 19): Iskandar Waterfront City Bhd (IWCity) today announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group.
China investor showing interest on Tanjung Aru development
KOTA KINABALU (April 19): The controversial Tanjung Aru Eco Development here might be getting a new Chinese investor, reported the Malay Mail today.
Magna Prima to dispose of commercial property in KL for RM56m
KUALA LUMPUR (April 19): Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56 million, which the property developer will use to help settle its debts.
SRC appeal: MoF officers had no access to 1MDB former unit SRC although MoF Inc owns it
PUTRAJAYA (April 19): SRC International Sdn Bhd only reported to the Finance Minister according to the command structure of the former subsidiary of 1Malaysia Development Bhd (1MDB) then.
PM announces Microsoft partnership under US$1b Bersama Malaysia initiative
KUALA LUMPUR (April 19): The government has announced its partnership with Microsoft under the Bersama Malaysia initiative, which will see the hyperscaler establish its first data centre region in Malaysia.
High Court to hear Convent Bukit Nanas' judicial review application to challenge non-extension of land lease
KUALA LUMPUR (April 18): The High Court here will hear tomorrow (April 19) SMK Convent Bukit Nanas’ judicial review application to challenge the government’s decision to not extend the school’s land lease which is due to expire on Sept 6, 2021 and as the school seeks a stay against the authorities’ decision.
‘Strong interest’ in ‘second, third-tier grocery operators’
KUALA LUMPUR (April 17): There seems to be an increase in investor interest in grocers in secondary towns, The Edge Malaysia reported this week.
