News about US

MALAYSIA is a land of contradictions.

KUALA LUMPUR (Jan 27): Datuk Haris Onn Hussein, the brother of Defence Minister Datuk Seri Hishammuddin Hussein and cousin to Prime Minister Datuk Seri Najib Razak, has disposed of five million shares held indirectly in construction firm Ekovest Bhd at RM2.

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.

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.

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.

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

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

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).

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.

SINGAPORE (Jan 24): Ascott Residence Trust (ART) has posted a distribution per unit (DPU) of 2.