Borneo Oil acquires seven plots of quarry land in Lahad Datu

Jan 27

KUALA LUMPUR (Jan 27): Borneo Oil Bhd is acquiring seven plots of quarry land in Lahad Datu, Sabah as part of its expansion plan into limestone mining.

MRCB’s MoU with IWH CREC lapses

Jan 27

KUALA LUMPUR (Jan 27): Malaysian Resources Corp Bhd’s (MRCB) memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate with each other to develop an integrated transportation terminal in Bandar Malaysia has lapsed.

Sime Darby Property, CREAM to commercialise D3 concept

Jan 26

KUALA LUMPUR (Jan 26): Sime Darby Property and the Construction Research Institute of Malaysia (CREAM) today signed an agreement to commercialise the Divergent Dwelling Design (D3) design concept.

Ascendas Hospitality Trust posts 13.1% higher 3Q DPS of 1.64 cents

Jan 27

SINGAPORE (Jan 26): Ascendas Hospitality Trust saw DPS grow 13.

Mapletree Commercial Trust’s 3Q DPU grows 9.7% to 2.28 cents

Jan 26

SINGAPORE (Jan 25): The manager of Mapletree Commercial Trust (MCT) has declared a distribution per unit (DPU) of 2.

CMMT sees rental pressure remaining in near term

Jan 25

KUALA LUMPUR (Jan 25): The downward pressure on rental in shopping malls will remain in the near term as more shopping space comes into the market, according to Low Peck Chen (pictured), the chief executive officer (CEO) of Capitaland Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Mall Trust (CMMT).

DPU is down, retail sentiment is down. Why is CapitaLand Mall Trust still a buy?

Jan 24

SINGAPORE (Jan 24): By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.