Malaysia's consumer spending to begin recovery in 2022, says Fitch
KUALA LUMPUR (Oct 21): Fitch Solutions Country Risk & Industry Research has forecast household spending in Malaysia to grow by a real rate of 5.
KIP REIT's 1Q NPI dips 2.3% to RM13.7m, declares 1.55 sen distribution
KUALA LUMPUR (Oct 21): KIP Real Estate Investment Trust's (REIT) net property income (NPI) fell 2.
AstraZeneca delivers over half a million Covid-19 vaccine doses to Malaysia
KUALA LUMPUR (Oct 20): AstraZeneca has delivered an additional 604,100 doses of its Covid-19 vaccine for use in Malaysia to support the country’s ongoing battle against the pandemic.
IRB CEO’s contract cut short, deputy takes over
KUALA LUMPUR (Oct 19): The Inland Revenue Board (IRB) has announced the appointment of Datuk Mohd Nizom Sairi as its new chief executive officer (CEO) effective Tuesday (Oct 19).
DBKL shuts down 41 premises for SOP violations
KUALA LUMPUR (Oct 18): A total of 41 premises were ordered shut under Ops Patuh in 11 Kuala Lumpur parliamentary constituencies from Oct 1 to 15, according to Kuala Lumpur City Hall (DBKL).
Housing market has to be ‘reformed’, say academics
KUALA LUMPUR (Oct 16): Housing problems such as supply overhang and affordability issue will not be solved without “policy interventions to try to replicate the preferred market outcome”, say two academics.
Sentral REIT plans to raise up to RM3b via debt programmes for investments, working capital, and to refinance borrowings
KUALA LUMPUR (Oct 16): Sentral REIT (formerly MRCB-Quill REIT) has lodged debt programmes with the Securities Commission, through which it plans to raise up to RM3 billion in combined aggregate value to finance its investment activities and general working capital, as well as to refinance its borrowings.
Axteria, Far East Hospitality Management sign LOI to manage the former’s hotel, serviced suites
KUALA LUMPUR (Oct 15): Axteria Group Bhd, which was formerly known as Acoustech Bhd, announced on Friday it has signed a non-binding letter of intent with Far East Hospitality Management (S) Pte Ltd (FEH) expressing its intent in managing the hotel and serviced suites located in Kota Laksamana, Melaka which are currently being developed by its wholly-owned subsidiaries Axteria Assets Sdn Bhd and Axteria Eco Sdn Bhd.
Sofiya Residensi: Affordable homes that defy convention
Reapfield Properties HQ real estate negotiator Andrew Tan, who is also a resident of Desa ParkCity for over a decade admits that when the residents first heard about Sofiya Residensi, objections were filed to the developer, on the basis that the project would mar the whole exclusivity of Desa ParkCity.
