New brands still land in Malaysia despite closure concerns
KUALA LUMPUR (April 27): Some 95 new foreign brands have made their debut in the Malaysian retail market since 2017 to date.
HSBC Global Research expects next OPR hike only in 1Q19
KUALA LUMPUR (April 27): Given a trend of subdued core inflation, Bank Negara Malaysia’s next interest rate hike will likely occur only in the first quarter of 2019 (1Q19), and the hiking cycle will be very gradual, according to a projection by HSBC Global Research.
Ikhmas’ audited FY17 profit 51.5% lower than reported earlier
KUALA LUMPUR (April 27): Engineering and construction group Ikhmas Jaya Group Bhd’s audited results for its financial year ended Dec 31, 2017 (AFS 2017) have a variance of RM7.
High-end condo sales expected to slow this year
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.
Tencent to set up first Asean data centre in Malaysia
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
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.
DAP MP wants answers on KL land sale
KUALA LUMPUR (April 25): DAP’s Lim Lip Eng (pictured) has claimed that of the 64 lots of land which Kuala Lumpur City Hall (DBKL) sold between 2014 and 2018, only 30 have been used for affordable housing, the Malaysiakini news portal reported today.
CMMT posts lower 1Q NPI on lower contribution from Klang Valley malls
KUALA LUMPUR (April 25): Capitaland Malaysia Mall Trust's (CMMT) net property income (NPI) fell 4.
REIT managers say SC's REIT guideline amendments will drive market's growth
KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).
