Malaysia logs 16,073 new Covid-19 cases on Sept 13, lowest in 42 days
KUALA LUMPUR (Sept 13): Malaysia logged 16,073 new Covid-19 cases today, down 16.
PRG set to unveil final tower of Embayu @ Damansara West next two months
PETALING JAYA (Sept 13): Manufacturer-turned-property developer PRG Holdings Bhd will be launching the last tower of Embayu @ Damansara West in the next two months, following good response received from the first two towers.
WeWork in talks with Prime US REIT over resolution of lease obligation in California office tower
PETALING JAYA (Sept 13): The manager of Prime US REIT is in discussions with WeWork, one of its key tenants, on a resolution of its lease obligation at Tower 1 at Emeryville, California, reported The Edge Singapore today.
KIP REIT sees substantial unitholders pare down units
KUALA LUMPUR (Sept 13): KIP Real Estate Investment Trust (REIT) saw its substantial unitholder Datin Teoh Siew Chin disposing of 20.
KWAP property arm KWEST appoints new CEO
KUALA LUMPUR (Sept 13): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) today welcomed the appointment of Hizzan Hamid (pictured) as the new chief executive officer (CEO) of its property arm KWEST Sdn Bhd, effective Sept 1.
EPF waives late payment charges, starts Employer Pay Reduction Initiative to ease employers’ financial burden
KUALA LUMPUR (Sept 13): The Employees Provident Fund (EPF) launched two new initiatives targeting employers, namely an exemption from late payment charges and the Employer Pay Reduction Initiative (e-PaR), to ease the management of their cash flow during the pandemic while simultaneously allowing them to undertake their statutory obligations.
Gagasan Nadi Cergas tendering for jobs in excess of RM1.7b
KUALA LUMPUR (Sept 13): Construction group Gagasan Nadi Cergas Bhd aims to take on more construction jobs by tendering for projects in excess of RM1.
REITs: Dividend yields of 5%-9% from 2022 onwards 'attractive', earnings recovery seen as economy reopens — UOB KayHian Research
KUALA LUMPUR (Sept 13): As interest rates continue to be low, the real estate investment trusts’ (REITs) dividend yields of 5% to 9% from 2022 onwards are “attractive”, and will be sustained by the earnings recovery, opines UOB KayHian Research.
Ara Private Funds sells 61 Robinson to a Singapore private equity fund for RM1.3b
SINGAPORE (Sept 13): ARA Private Funds, part of ARA Asset Management, has sold 61 Robinson for S$422 million (RM1.
PM: Malaysia showing brighter signs of economic recovery
KUALA LUMPUR (Sept 13): Malaysia's economic recovery prospects have become brighter with an increase in foreign capital inflow driven by positive developments under the National Recovery Plan (PPN), Prime Minister Datuk Seri Ismail Sabri Yaakob said.
