Scorching weather until October
PETALING JAYA (August 13): Relief from the heatwave is expected to arrive with the inter-monsoon season in October.
Forest fire near Jalan Duta courts
PETALING JAYA (Aug 12): A large patch of forest along Jalan Kuching near the Segambut roundabout was burnt on Friday (Aug 10) night.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Axis REIT’s first-half core net income within expectations
Axis Real Estate Investment Trust (Aug 7, RM1.
Najib not keen on sale of yacht, says should focus on IPIC settlement
KUALA LUMPUR (Aug 7): Former Prime Minister Datuk Seri Najib Razak (pictured) is more interested in the settlement amount owed to Abu Dhabi-based International Petroleum Investment Co (IPIC) instead of the sale of the controversial super yacht Equanimity.
AXIS REIT’s NPI rose 15% in 2Q with bigger portfolio size
KUALA LUMPUR (Aug 7): Axis Real Estate Investment Trust’s (Axis REIT) net property income or NPI rose 15% to RM26.
DBKL shutters unlicensed nightclubs in housing areas
KUALA LUMPUR (August 4): Kuala Lumpur City Hall (DBKL) recently shut down entertainment establishments in the housing area of Jalan Berangan, Kuala Lumpur, after complaints by neighbours.
More than 200 houses to be impacted by proposed PIL 1 highway
KUALA LUMPUR (Aug 3): Penang’s proposed Pan Island Link 1 (PIL 1) highway project will likely impact more than 200 houses along the Sungai Kluang river reserve, according to reports.
Kek Lok Si Temple fears damage from PIL 1
GEORGE TOWN (August 3): High soil erosion factor of the area may result in damage for Kek Lok Si Temple if the highway and tunnel construction continue as planned, so the temple will object to the project.
