Latest news for: vpex

Sunway REIT turns to more stable segments

“We are trying to look at sunrise assets (assets in an industry that is growing fast) versus our current cyclical assets. So, those (industrial and other services) are sunrise assets. If you look at the Covid-19 situation, the impact on their businesses has been negligible,” said Datuk Jeffrey Ng Tiong Lip, CEO of Sunway REIT Management Sdn Bhd.

Muted auction market inching back to action

BNM’s six-month moratorium, which allows loan borrowers to delay their repayments until September, and those who are eligible for the targeted moratorium extension, the deferment period until the end of the year, will further delay the impact of the Covid-19 on the property market.