News about asia

KUALA LUMPUR (June 22): As lockdowns in most countries in Asia-Pacific come to an end, commercial real estate investors are gradually shifting from asset management and rental abatement to planning market re-entry, according to CBRE’s Capital Market Viewpoint report titled “New buying opportunities whet investor appetite”.

KUALA LUMPUR (April 23): Independent advisor Asia Equity Research Sdn Bhd said today the proposed acquisition by CN Asia Corp Bhd of a parcel of land from a related party for RM4 million cash is “fair and reasonable”.

PETALING JAYA (April 16): With the COVID-19 crisis and worries over an economic recession, housing price in Malaysia is expected to fall by between 10% to 15%, which is a deeper drop than in 1998 during the Asian Financial Crisis, according to NawawiTie Leung Property Consultants director and regional head of research and consulting Saleha Yusoff.

TOKYO (April 16): Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said today, according to a Reuters report.

KUALA LUMPUR (March 20): BDO Governance Advisory Sdn Bhd, appointed by the board committee of AirAsia Group Bhd and AirAsia X Bhd (AAX) to assist in undertaking an independent review on  corruption allegations related to the Airbus scandal against their co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, has given the duo the all clear.

KUALA LUMPUR (March 18): Asia-Pacific economic growth in 2020 will more than halve to less than 3% as the global economy enters a recession, said S&P Global Ratings.

KUALA LUMPUR (March 17): Kumpulan Jetson Bhd has been awarded a RM78.

KUALA LUMPUR (March 5): US-based Semiconductor Equipment & Materials International (SEMI) is postponing SEMICON Southeast Asia 2020, the region’s premier event for the global electronics manufacturing supply chain, from May 12-14, 2020 to Aug 11-13, 2020.

KUALA LUMPUR (March 5): Forbes Asia said the wealth of Malaysia’s 50 richest on the 2020 Forbes Malaysia Rich List fell for the second consecutive year amid a weaker ringgit and the decline in the FBM KLCI.

KUALA LUMPUR (Feb 25): Minda Global Bhd said today it is disposing of an education campus in Hulu Langat for RM30 million cash.