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.
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.
High interest rates help botched Genting Malaysia’s US$1.2b Miami land sale?
Jorge Perez, the chief executive officer of Related Group, one of Miami’s largest builders, told the WSJ that he “passed” on the deal because Genting wanted the whole acquisition price upfront rather than in stages.
Builder Siab Holdings plans to raise RM110m via rights issue to fund Taghill acquisition
Siab said as both the group and Taghill are currently involved in the building construction services, the proposed acquisition will enable both companies to leverage their combined strengths and expertise in the construction industry, as well as respective business relationships with various industry stakeholders.
MIDF Research stays neutral on property sector, sees improved buying sentiment on unchanged OPR
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
CIDB launches National Building Information Modelling e-Submission Initiative
We believe that NBES is a very impactful project which will contribute significantly towards expediting BIM adoption and enhance the ease of doing business in construction,” said CIDB chief executive Datuk Ahmad Asri Abdul Hamid in a press statement.
