News about IT

KUALA LUMPUR (Oct 27): CGS-CIMB Securities Sdn Bhd said on Wednesday (Oct 27) that IGB Real Estate Investment Trust (IGB REIT) is a big beneficiary of revenge shopping in the fourth quarter of 2021 on Malaysia's retail sector recovery, helped by progress in the country’s Covid-19 vaccination to curb the spread of the pandemic.

NILAI (Oct 27): Property developer Sime Darby Property Bhd launched Hamilton City in Nilai, Negeri Sembilan on Oct 26, as part of its commitment to develop the new growth corridor in Malaysia Vision Valley 2.

KUALA LUMPUR (Oct 26): IGB Real Estate Investment Trust (IGB REIT) saw its net property income (NPI) fall 42.

KUALA LUMPUR (Oct 25): Axis Real Estate Investment Trust (REIT) has acquired a warehouse logistics facility built on leasehold land in Pasir Gudang, Johor for RM32 million.

KUALA LUMPUR (Oct 25): Fitch Solutions Country Risk and Industry Research on Monday (Oct 25) said it had revised upwards its 2021 real gross domestic product (GDP) growth forecast for Malaysia to 1.

KUALA LUMPUR (Oct 23): With the reopening of most economic activities as Malaysia adopts the living with the virus stance backed by a rapid vaccination programme that has covered close to 95% of the adult population, retail real estate investment trusts (REITs) “may be worth a closer look although much also depends on where their assets are located”, wrote The Edge Malaysia this week.

KUALA LUMPUR (Oct 22): The hearing of the government’s forfeiture of US$340 million which allegedly belongs to 1Malaysia Development Bhd (1MDB) from Saudi national Tarek Obaid and others is set to continue in December after UK law firm Clyde & Co LLP, which is named in the suit, declined to respond to and file affidavits on documents it was served.

KUALA LUMPUR (Oct 22): Asia Pacific real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30% compared to the same period in 2020.

KUALA LUMPUR (Oct 22): CapitaLand Malaysia Trust (CLMT) (formerly known as Capitaland Malaysia Mall Trust) saw its net property income (NPI) for the third quarter ended Sept 30, 2021 (3QFY21) contracted 54.

KUALA LUMPUR (Oct 21): Public hospitals as well as quarantine and low-risk treatment centres in Selangor and Putrajaya are seeing more Covid-19 admissions after the lifting of the interstate travel ban.