Pavilion REIT warns of OPR hike effect

KUALA LUMPUR (Jan 17): The central bank’s widely anticipated increase in key interest rate will have an impact on Pavilion Real Estate Investment Trust’s (Pavilion REIT) borrowing costs, said Pavilion REIT Management Sdn Bhd chief executive officer Philip Ho.

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JB-S’pore rapid transit system to start by Dec 31, 2024

PETALING JAYA (Jan 16): The Johor Bahru-Singapore rapid transit system (RTS) link passenger service is targeted to commence operation by Dec 31, 2024, according to a joint statement by the prime ministers of Malaysia and Singapore at the 8th Singapore-Malaysia Leader’s Retreat today.

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Jalan Semarak parcels returned to Felda

PETALING JAYA (Jan 15): Synergy Promenade Sdn Bhd (SPSB) has returned all the land parcels at Jalan Semarak that were at the heart of a dubious land ownership transfer deal to the Federal Land Development Authority (Felda).

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Mofaz seeks to list construction unit in 3 years

KUALA LUMPUR (Jan 15): The Mofaz group of companies has set out towards what would be its maiden listing in at least three years’ time via its property and construction business after acquiring a majority stake in a Chinese family-owned contractor.

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