Pavilion-REIT to benefit from higher tourist spending
Pavilion Real Estate Investment Trust’s (Pavilion-REIT) premium retail assets are less vulnerable to downward pressure on occupancy and rental rates,…
Category: Corporate News
Genting Plantations to acquire 152 hectares in Indonesia for RM593mil for property development
KUALA LUMPUR: Genting Plantations Bhd plans to acquire two adjacent land parcels totalling 152 hectares in Indonesia for RM593mil from…
ThaiBev to exit Singapore’s Frasers Property
Thailand’s richest person Charoen Sirivadhanabhakdi is seeking to realign his sprawling business empire along clearer lines, as the beverage giant…
AmanahRaya REIT inks long-term tenancy with ALFA International College
KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has signed a long-term tenancy agreement with ALFA International College Sdn Bhd…
Hong Seng acquires HSF for RM45mil
Hong Seng Consolidated Bhd’s wholly owned subsidiary HS Green Valley Sdn Bhd (HSGV) has entered into an agreement to acquire…
TSMC quarterly profit soars 36%, beating expectations
TAIPEI: TSMC posted a 36% jump in second-quarter net profit on Thursday that beat market expectations as the Taiwanese chipmaker…
Insurers buy mortgages outright in new twist
Yield-hungry insurance firms are adopting an unconventional strategy. They’re skipping mortgage-backed bonds and buying the underlying whole loans outright.
Warner Bros Discovery considering break up to boost stock price, FT reports
WARNER Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses…
IOI studies landbank monetisation for RE
IOI Corp Bhd is currently evaluating potential landbank monetisation for some of its aged plantation land areas for renewable energy…