SC grants waiver to Sunway REIT for Penang land buy
KUALA LUMPUR (July 14): The Securities Commission Malaysia (SC) has granted a waiver to Sunway Real Estate Investment Trust (Sunway REIT) that will allow the company to acquire land to construct an extension of the Sunway Carnival Mall in Seberang Perai, Penang.
Number of deals to rise as REITs seek to build
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.
BAssets ties up with Foshan City to foster trading activities
KUALA LUMPUR (July 13): Berjaya Assets Bhd (BAssets)'s unit, Berjaya Waterfront Sdn Bhd, has inked a Memorandum of Understanding (MoU) with Foshan City Bureau of Commerce (FCBC) to establish a strategic collaboration partnership to foster trade and investment activities.
Bank Negara cuts OPR by 25bps for the first time since 2009
KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.
Ipoh gets Lonely Planet honour
KUALA LUMPUR (July 13): What do you think of when Ipoh comes to mind? Pomelos? Shredded chicken kueh teow soup? A long gone mega tin mining industry? Crunchy bean sprouts? Salt-baked chicken? Pretty girls with flawless complexion? The city has been sort of underrated over the years as a tourist spot in Malaysia, with the Pearl of the Orient, Penang; and historical Melaka hogging the limelight in the peninsula and Land Below the Wind, Sarawak across the South China Sea drawing in visitors.
New Manipal Hospitals Klang opens door next Monday
KLANG (July 13): Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.
Tensions rise in Singapore suburb over Airbnb rentals
KUALA LUMPUR (July 13): It is the in thing to do these days.
MAHB and AREA to develop RM436m tech park in Subang
PETALING JAYA (July 13): Malaysia Airports Holdings Bhd (MAHB) has tied up with AREA Management Sdn Bhd (AREA), the project management company of AREA Industrial Development Fund 1 (AIDF 1), to develop a technology park with a gross development value (GDV) of RM436 million.
China’s Zhejiang province takes ‘action plan’ to reduce unsold, unused properties
KUALA LUMPUR (July 13): The property glut monster in China has now reached Zhejiang province.