News about Malaysia

KUALA LUMPUR (Jan 21): Prasarana Malaysia Bhd has assured residents it will take steps to minimise any discomfort and inconvenience when it runs comprehensive tests on its six-car trains on a new stretch of the extended Ampang LRT line beginning tomorrow.

KUALA LUMPUR (Jan 20): Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong (pictured).

KUALA LUMPUR (Jan 18): Terror groups are targeting Bukit Bintang, Hartamas, Bangsar and malls, such as Publika and The Curve, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said yesterday.

PULAU INDAH (Jan 18): Prasarana Malaysia Bhd, the owner and operator of Malaysia's light-rail transit (LRT) networks, said that the first of its 14 new trains for the Kelana Jaya line would be operational by May this year.

KUALA LUMPUR (Jan 15): Ewein Bhd's 60%-owned subsidiary Ewein Zenith Sdn Bhd (EZ) has been granted the right to acquire three parcels of land at Bandar Tanjong Pinang, Penang for a total of RM2.

Genting Malaysia Bhd (Jan 14, RM4.

MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).

KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.

DESPITE the current weak market conditions, property developer Eastern & Oriental Bhd (E&O) is planning about RM1 billion worth of launches locally in the next six months (1H2016).

KUALA LUMPUR (Jan 8): Atrium Real Estate Investment Trust (Atrium REIT) is spending RM15.