Tropicana redeems second tranche of sukuk wakalah worth RM179m
Property developer Tropicana Corp Bhd has redeemed the second tranche of its sukuk wakalah programme worth RM179 million due on Friday.
Analysts raise target prices for Scientex on robust property demand
Analysts have raised their target prices (TPs) for Scientex Bhd after its financial results for the year ended July 31, 2023 (FY2023) met expectations, and as they are more bullish on the company’s property segment due to the stable interest rate environment.
Yinson leverages CelcomDigi’s network to facilitate EV charging stations, e-bikes, solar infrastructure services
The collaboration will enable Yinson to utilise CelcomDigi’s 4G LTE and 5G network to improve connectivity for chargEV, the country’s largest charging station operator.
Residential property overhang improves but challenges remain for office and retail sectors, says Ahmad Maslan
Malaysia's residential property overhang recorded an improvement, with a total of 28,286 overhang units worth RM18.3 billion recorded in the first half of 2023 (1H2023), down by 5.3% in volume and 0.6% in value against the same period last year.
Cautious optimism for Malaysia’s property market recovery as 1H transaction value rose slightly to RM85.37b
Malaysia’s total property transaction value hit RM85.37 billion — up 1.1% year-on-year — with more than 184,000 transactions recorded, in the first half of 2023 (1H2023), according to a report from the National Property Information Centre (Napic).
Economists see OPR staying at 3% till end-2024
Most economists expect Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 3% till the end of 2024, noting that the central bank’s focus has now shifted to ensuring stable economic growth in the face of external risks such as the resumption of the US Federal Reserve’s interest rate hike and China’s credit contagion effects.
BNM keeps OPR at 3%, sees inflation moderating in 2H
Bank Negara Malaysia (BNM) has decided to keep the overnight policy rate (OPR) at 3%, amid robust domestic demand supported by strong labour market conditions.
YTL Hospitality REIT buys Stripes hotel for RM138m cash in related party deal
YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) is acquiring Hotel Stripes Kuala Lumpur, Autograph Collection for RM138 million cash, in a related party transaction (RPT).
Chin Hin Group Property plans private placement to raise RM102 mil to fund projects
The placement involves the issuance of up to 110.07 million new shares, representing not more than 20% of the group’s issued share capital, to independent investors to be identified later.
Lion Industries sells two parcels of land in Banting for RM92 mil
Lion Industries Corp Bhd is selling two parcels of land, measuring 26.787 acres in Kawasan Perindustrian Olak Lempit, Banting, for RM92.03 million in cash.
