CBRE Global Investors completes sale of the Mitsubishi Fuso portfolio in Japan
PETALING JAYA (June 30): CBRE Global Investors has completed the sale of Mitsubishi Fuso portfolio in Japan comprising 169 properties for JPY$140.
Penang sees gradual growth in domestic tourism
GEORGE TOWN (June 29): Penang has seen a steady growth in domestic tourism after the restrictions on interstate travel in Malaysia were slowly relaxed.
Moody's: Covid-19 to drive funding diversity for APAC infrastructure projects
KUALA LUMPUR (June 29): Funding for Asia-Pacific (APAC) infrastructure projects will become increasingly diversified in the "new normal" following the Covid-19 pandemic, according to a report by Moody's Investors Service.
Housing Ministry to propose hike in allowance for auxiliary firefighters
PEKAN (June 29): The Housing and Local Government Ministry will table a proposal to increase the allowance for auxiliary firefighters to be discussed at the Cabinet level.
Sunway REIT to acquire Sunway Pinnacle
PETALING JAYA (June 29): Sunway REIT Management Sdn Bhd, the Manager of Sunway Real Estate Investment Trust (Sunway REIT) will be acquiring The Pinnacle Sunway, a Grade A office building in Sunway City, Selangor for RM450 million.
PNB ropes in Khazanah’s Zulqarnain Onn as new president and CEO
KUALA LUMPUR (June 29): Permodalan Nasional Bhd (PNB) has roped in Khazanah Nasional Bhd’s Ahmad Zulqarnain Onn as the investment fund’s new president and group chief executive officer (CEO), effective July 1, the unit trust fund said in a statement today.
Malaysia records three new Covid-19 cases, totaled at 8,637 cases
PUTRAJAYA (June 29):New COVID-19 cases in Malaysia returned to a single digit today with three cases, bringing the cumulative total to 8,637, including 182 active cases, said Health director-general Datuk Dr Noor Hisham Abdullah.
Hektar REIT in survival, recovery mode for rest of FY20
PETALING JAYA (June 29): Hektar Real Estate Investment Trust (REIT) said it is in “survival plus recovery” mode for the rest of the financial year ending Dec 31, 2020 (FY20) as the group contends with the impact of Malaysia's movement control order (MCO) to curb the Covid-19 pandemic.
Call for moratorium on private housing rental
KUALA LUMPUR (June 29): Parti Sosialis Malaysia (PSM) and a group of 16 non-government organisations (NGOs) that have joined hands to create the Rent Freeze Committee are calling for a moratorium on all private housing rental for a one year period.
Ismail Sabri: Theme parks to resume operations starting July 1
PETALING JAYA (June 29): The Special Ministerial Meeting on the implementation of the movement control order (MCO) today announced more flexibility, including allowing theme parks to reopen from July 1.
