News about Malaysia

KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.

KUALA LUMPUR (Jan 26): Cycle & Carriage Bintang Bhd (CCB) is buying a piece of leasehold land together with a factory building located opposite the Bandar Malaysia project for RM59.

KUALA LUMPUR (Jan 25): The downward pressure on rental in shopping malls will remain in the near term as more shopping space comes into the market, according to Low Peck Chen (pictured), the chief executive officer (CEO) of Capitaland Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Mall Trust (CMMT).

PETALING JAYA (Jan 24): The slowdown in market activity in Johor looked set to continue into 2017, after the market recorded a total of 20,680 transactions and value of RM10.

SINGAPORE (Jan 20): Guocoland reported earnings of S$57.

PETALING JAYA (Jan 20): The general public portion of the initial public offering (IPO) of KIP Real Estate Investment Trust (KIP REIT), en route to list on the Main Market of Bursa Malaysia on Feb 6, has been oversubscribed by 5.

KUALA LUMPUR (Jan 19): Bank Negara Malaysia (BNM)'s decision today on the overnight policy rate (OPR) is a toss-up between the country's inflation rate and the risk of capital outflows, said Standard Chartered Bank Malaysia Bhd.

KUALA LUMPUR (Jan 18): Hua Yang Bhd fell 1.

THIS year will see acquisitions and mergers for some developers in Malaysia.

KAJANG (Jan 11): A Universiti Tunku Abdul Rahman (UTAR) team that recently conducted an analysis of the Malaysian housing market has concluded that it is best to buy properties now as it expected the current dampened market sentiment to recover in the first quarter of 2018.