News about US

  KUALA LUMPUR (April 8): Sunway Real Estate Investment Trust (REIT)'s proposed RM10 billion perpetual note programme, which will increase the group's debt headroom without diluting earnings and distribution per unit (EPU and DPU), is a positive development, according to Hong Leong Investment Bank (HLIB) Research.

  KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.

GEORGE TOWN (April 5): Penang is serious in putting a stop to the reselling of its low-cost (LC) and low medium-cost (LMC) houses in the open market, and is in the midst of drafting new laws to that effect.

  KUALA LUMPUR (April 4): Banks and other financing institutions should look at non-linear data to better respond to the financing needs of low-income customers.

  KUALA LUMPUR (April 4): Malaysia will need an integrated property database that could serve as a launch pad for future policy direction and actions by both the government and private sector players.

  KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin, the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Holdings Bhd, according to sources.

  KUALA LUMPUR (April 3): Banks should look into utilising waqf trusts as a tool to improve affordable home ownership in the country.

  KUALA LUMPUR (April 3): Permodalan Nasional Bhd (PNB) has no plans to list any of its assets in another real estate investment trust (REIT) on Bursa Malaysia, said its president and group chief executive officer Datuk Abdul Rahman Ahmad.

KUALA LUMPUR (April 2): Cagamas Bhd has inked a memorandum of understanding (MoU) with Korea Housing Finance Corp (KHFC) to explore housing financing methods to further promote homeownership in Malaysia and Korea.

  KUALA LUMPUR (April 2): Malaysia is currently studying the Residential Tenancy Act to provide new laws governing the country's housing rental market, said the Housing and Local Government Ministry today, adding the new act will take two years to develop.