CLMT’s 2Q NPI rises 52% on contribution from newly acquired Queensbay Mall, higher rental income
Earnings per share rose to 1.
CapitaLand Malaysia expects strong consumer spending to support growth momentum for remaining of FY2023
The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.
WORQ partners with MDEC's DE Rantau programme to help develop Malaysia’s digital economy
The WORQ with DE Rantau programme is estimated to inject RM360 million into the Malaysian economy by supporting 6,000 highly skilled workers, as well as enabling new businesses in the economy.
IJM Corp to acquire 45% stake in Pestech International for RM124m
IJM adds that the combined capabilities of the two groups as civil and systems contractors enable the offering of more comprehensive and turnkey solutions for local and international rail project bids.
As June inflation cools to 14-month low, economists mixed on BNM's OPR plans
MIDF Research, however, thinks that the steady domestic demand and sticky core inflation that lingered above 3% — as opposed to the pre-pandemic average of 1.
RHB Research's optimism on Iskandar property market grows as market moves past property glut
Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.
Malaysia Steel Association tasked by Miti to formulate green transition roadmap for industry
Liew said the roadmap will include policies and pathways to assist the iron and steel sector to commence the transition towards reducing its carbon footprint.
Lebtech says RM55m Pekan job for reclamation, shore protection terminated
Global Marine was awarded the sub-contract of the project by Vista Infinity Development Sdn Bhd, which secured the project from the Ministry of Natural Resources, Environment and Climate Change.
Special residence pass to be granted to investors committing at least RM5b investments in targeted manufacturing sectors, says Miti
Immigration facilitation is also being accorded to nomad workers, defined as IT and digital professionals such as digital freelancers, independent contractors and remote workers in targeted manufacturing sectors under NIP and NIMP 2030 in the form of a Digital Nomad Pass.
Increase in legal fees will, however, be set off by (legal) discounts
As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
