News by theedgemarkets.com

Axis Real Estate Investment Trust (Axis REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.71% to RM61.96 million from RM54.98 million a year ago, on the back of income from new acquisitions, new tenancies from existing properties, and positive rental revisions.

CapitaLand Malaysia Trust is “slightly optimistic” that its portfolio occupancy rate would sustain its recovery momentum going into 2023 despite a challenging macroeconomic condition.

IGB Real Estate Investment Trust’s (REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million.

Sheng Tai International Sdn Bhd (STI) launched The Sail Experiential Centre on Jan 14. The experience centre is the first phase of its mixed-use development, The Sail Melaka in Kota Laksamana, Melaka.

Ecobuilt Holdings Bhd's unit has bagged a construction works project worth RM92.46 million to develop a business complex in Penang, according to its bourse filing on Thursday.

Battersea Power Station (BPS) recorded £480 million (RM2.55 billion) in new residential sales in 2022, along with a further £1.1 billion (RM5.85 billion) worth of apartments completed and handed over, as the community grew to over 2,500 residents.

Bank Negara Malaysia (BNM) has paused the key rate hike, keeping the overnight policy rate (OPR) at 2.75% at its first Monetary Policy Committee (MPC) meeting this year, bucking consensus estimate of a 25- basis-point (25bps) increase.

Mah Sing Group Bhd is buying two parcels of land measuring 8.2 acres in Puchong for RM85.86 million from Millennium Acres Sdn Bhd, an entity 50%-owned by Tanco Holdings Bhd’s managing director Datuk Seri Andrew Tan Jun Suan.

Strained by worker shortage, hoteliers want to be included in the five critical sectors for which the government is helping to speed up the hiring of foreign workers by processing and approving their applications within three working days.

Binasat Communications Bhd’s unit has secured an RM18.36 million subcontract work to build a large scale solar photovoltaic facility in Selangor for Fabulous Sunview Sdn Bhd, a wholly-owned unit of newly-listed Sunview Group Bhd.