Axis REIT 1Q NPI rises 24%, declares 2.35 sen DPU
KUALA LUMPUR (April 30): Axis Real Estate Investment Trust (REIT) net property income increased 24% for the first quarter ended March 31, 2019 (1QFY19) to RM48.
Malaysian economy to grow at slower pace in June-August — Statistics Department
KUALA LUMPUR (April 25): The Malaysian economy is expected to grow at a slower pace from June to August 2019, the Statistics Department said today, citing its economic indicators based on the leading, coincident and lagging indexes.
Residential market stabilised, says JPPH director
PETALING JAYA (April 17): Valuation and Property Services Department (JPPH) director Ahmad Zailan Azizuddin says the residential market has now stabilised, and should remain flat until the end of 2019, reports The Star.
Hektar REIT says plan to double assets value on track
KUALA LUMPUR (April 16): Hektar Real Estate Investment Trust's (Hektar REIT) plan to double its assets value to RM2.
Higher ECRL portion for local players works out to RM17.6b, says CIMB IB
KUALA LUMPUR (April 16): The higher allocation of works for local contractors for the East Coast Rail Link (ECRL) project is a positive for the construction sector, says CIMB Investment Bank (CIMB IB).
Penang Forum NGO says government should find alternatives to PIL 1
PETALING JAYA (April 11): Alternatives need to be sought for the Pan Island Link 1 (PIL 1) as the Federal Government is not providing financial aid for the highway project, says an NGO The Star reports that Penang Forum member Dr Lim Mah Hui said the state should treat the situation as an opportunity instead of a setback.
Hong Leong Assurance emerges as substantial shareholder of Atrium REIT
KUALA LUMPUR (April 9): Hong Leong Assurance Bhd has emerged as a substantial unitholder of Atrium Real Estate Investment Trust (REIT).
EPF adopts UN-supported principles for responsible investment
KUALA LUMPUR (April 8): The Employees Provident Fund (EPF) announced today that it has signed the United Nations-supported Principles for Responsible Investment (UN-suported PRI), under which it has pledged its commitment towards environment, social and governance (ESG) best practices and sustainable investing principles.
Penang CM: Report that says PIL 1 and LRT construction to begin next year is unsubstantiated
KUALA LUMPUR (April 8): Approval for the light rail transit (LRT) and Pan Island Link 1 (PIL 1) projects are yet to be obtained, said Penang chief minister Chow Kon Yeow.
Sunway REIT's proposed RM10b perpentual bonds more good than bad, says HLIB Research
KUALA LUMPUR (April 8): Sunway Real Estate Investment Trust (REIT)'s proposed RM10 billion perpetual note programme, which will increase the group's debt headroom without diluting earnings and distribution per unit (EPU and DPU), is a positive development, according to Hong Leong Investment Bank (HLIB) Research.
