News by theedgemalaysia.com

Through this framework, TNB can utilise various financing instruments for its SFTs, which encompass sustainable and responsible investment (SRI), green, social and sustainability (GSS) and transition sukuk, GSS and transition bonds, as well as transition loans.

The Securities Commission Malaysia (SC) has outlined several conditions for single family office vehicles (SFOVs) to be eligible for the recently announced 0% concessionary tax rate, including assets under management (AUM) of at least RM30 million.

The recently announced incentives for Forest City’s Special Financial Zone (SFZ) are expected to uplift the real estate sector, particularly in the Iskandar Malaysia region.

Construction outfit and property development and hospitality management group NCT Alliance Bhd (KL:NCT) plans to acquire a 51% equity interest in Setara Juara Sdn Bhd, which holds the development rights to about 101.037ha or 249.67 acres of land in Putatan, Sabah.

Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.

Integrated construction and property company PTT Synergy Bhd (KL:PTT) has acquired a semi-detached factory, together with a piece of land, in Sepang from Sime Darby Property Bhd (KL:SIMEPROP) for RM11 million.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is partnering with RHB Bank Bhd (KL:RHBBANK) to launch a new green financing initiative called Green Home Financing, offering preferential mortgage margin of financing for green residential projects with green certification.

The Malaysian government on Friday announced incentives to jumpstart the Forest City special financial zone that include special corporate income tax rates and 0% tax rate for family offices.

The Malaysian REIT Managers Association (MRMA) has announced that Malaysian Real Estate Investment Trusts (M-REITs) in 2024 has achieved a 7% increase year-to-date on the Bursa Malaysia REIT Index.

Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results.