News about TM

KUALA LUMPUR (May 24): Property developer UOA Development Bhd saw its net profit for the first financial quarter ended March 31, 2018 (1QFY18) fall 34% year-on-year to RM32.

PETALING JAYA (May 24): A transformer room outside the Melaka Planetarium was destroyed in a fire at noon yesterday, reported Bernama.

KUALA LUMPUR (May 22): UOA Real Estate Investment Trust reported a net rental income of RM14.

KUALA LUMPUR (May 22): Hektar Real Estate Investment Trust (REIT)’s first quarter net property income (NPI) grew 9.

KUALA LUMPUR (May 17): KLCCP Stapled Group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), posted a marginal 2.

Gabungan AQRS Bhd (May 15, 88 sen) Maintain buy with a target price (TP) of RM2.

KUALA LUMPUR (May 4): Irene Sin May Lin has been named the new chief financial officer of Sunway Real Estate Investment Trust (SunREIT).

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).

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 19): The Asian Infrastructure Investment Bank (AIIB) has expressed its interest in financing the Kuala Lumpur-Singapore High Speed Rail (HSR), among other infrastructure projects in Malaysia, according to the Embassy of China.