News about Malaysia

Construction sector Maintain overweight: The remaining eight Pan Borneo Highway work packages worth around RM10 billion will be awarded this month, according to a news report.

PUTRAJAYA (July 19): Malaysia and Singapore have signed a Memorandum of Understanding (MOU) to work towards commencing the Kuala Lumpur-Singapore High Speed Rail (HSR) operations by 2026.

KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).

THE CURRENT slowdown in the property market doesn’t look like it will pick up anytime soon.

SINGAPORE (July 15): Singapore and Malaysia will sign a Memorandum of Understanding on the High-Speed Rail (HSR) project linking Kuala Lumpur with Singapore next Tuesday, said Channel NewsAsia in a Bernama report.

KUALA LUMPUR (July 15): Malaysian real estate investment trusts (REITs) may soon be able to buy vacant land and engage in property development activities if a new proposal by the Securities Commission Malaysia (SC) garners positive response.

KUALA LUMPUR (July 14): Bank Simpanan Nasional (BSN) is striving to get 10,000 new borrowers for its Youth Housing Scheme to boost its current low take-up rate, Bernama reported today.

KUALA LUMPUR (July 14): UEM Sunrise Bhd rose as much as three sen or 3% after Bank Negara Malaysia cut the overnight policy rate (OPR) to 3% from 3.

KUALA LUMPUR (July 14): Hong Leong Investment Bank Research (HLIB Research) has upgraded Malaysian Real Estate Investment Trusts (M-REITs) to “Overweight”, following Bank Negara’s move to cut the overnight policy rate (OPR) by 25 basis points to 3% yesterday.

MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit.