US-based non-profit association for corporate real estate (CRE) professionals CoreNet Global hosted its 2024 Global Asia-Pacific (Apac) Summit in Kuala Lumpur last month, which gathered 670 leaders in the CRE profession from Fortune 500 companies all around the world.

Held from March 5 ...

CoreNet Global continues to advance, support corporate real estate practice

Since the opening of its dining enclave just over a year ago, Bamboo Hills by UOA Development Bhd has become one of the Klang Valley’s most attractive destinations, offering a unique dining concept comprising individual pavilions nestled within a 16.48-acre green landscaped setting, complete with...

UOA Development to launch Bamboo Hills Residences in 2Q

Johor Corp's (JCorp) real estate and infrastructure arm, JLand Group Sdn Bhd has signed a memorandum of understanding (MOU) with biotechnology company ALPS Global Holding Bhd (ALPS) to establish BioValley in Sedenak, Johor.

JLand Group and ALPS ink MOU to establish biotechnology hub at Ibrahim Technopolis in Johor

SkyWorld Development Bhd held a key handover ceremony for its SkyAwani 5 Residences’ homebuyers last Saturday (March 9).

SkyWorld hands over keys to new homeowners of SkyAwani 5 Residences

In recent years, artificial intelligence (AI) has seen a shift from academia to industry and is fast becoming mainstream. For instance, the launch of OpenAI’s ChatGPT in November 2022 saw 100 million users sign up within two months.

During the JLL Breakfast Talk themed “Exploring the Im...

AI seen as game changer for real estate, but tech knowledge still low, says JLL Malaysia

Tourism-related property developer Yong Tai Bhd, through its wholly owned subsidiary PTS Impression Sdn Bhd (PTSI), has entered into a strategic collaboration agreement with 828 Asia Pte Ltd, a subsidiary of Singapore-based event organiser Ebenex Group on Feb 28, 2024, to promote Yong Tai’s Encore Melaka Theatre, according to a statement on March 5.

Yong Tai partners Singapore-based Ebenex Group to promote Encore Melaka, with first event to take place in April

KUALA LUMPUR (March 4): Platinum Victory Sdn Bhd launched PV22 Residences, a mixed-use development in Setapak, Kuala Lumpur on Feb 24, in conjunction with its Chinese New Year celebration at the PV22 Residence sales gallery.

Platinum Victory launches PV22 Residences in Setapak

Navigating the complexities of strata ownership

The Klang Valley housing market saw an overall increase in transaction activities in the primary and secondary markets in 3Q2023, according to Savills Malaysia director of research and consultancy Fong Kean Hwa in presenting The Edge Malaysia | Savills Klang Valley Residential Property M...

The Edge Malaysia | Savills Klang Valley Residential Property Monitor 3Q2023: More transaction activity, fewer overhang units

YTL Land & Development Bhd’s Dedaun Rimba project, located within the 2,259-acre Kwasa Damansara township development, saw its link houses fully sold and its townhouses 80% taken up during a sale preview held on Feb 4.

YTL Land’s link houses in Kwasa Damansara fully sold, townhouses 80% taken up

LONDON (April 26): One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other -- Sunday's short trip to arch-rivals Tottenham Hotspur.

Like all big city derbies, pride and bragging rights are always...

Arsenal face derby test with title up for grabs

(April 26): Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

After an internal review found other countries are tar...

UK warns universities about research threat from foreign states

(April 26): The Tesla Inc. shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla inves...

Tesla fires back at investor who doesn’t want pay fight in Texas

(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter....

Trump advisers discuss penalties for nations that move away from the dollar

NEW YORK/LONDON (April 26): Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990.

Tepid U.S. GDP data pushed Wall Street...

Equities fall amid earnings gloom, as persistent inflation lifts Treasury yields

(April 26): Boeing's credit rating faced pressure for a second time this week as S&P brought the company one step closer to a junk rating on Thursday after a January mid-air blowout of a cabin panel led the planemaker to slow production of its best-selling jet.

The rating agency cha...

S&P slashes Boeing credit outlook as rating hovers above junk status

WASHINGTON (April 26): The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States.

The FCC said it was requiring the Chinese carrie...

Agency bars Chinese telecom carriers from offering US broadband services

NEW YORK (April 26): Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms META.O.

Data on...

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

(April 26): Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck, cheering investors who sent the stock surging nearly 16% after the bell.

The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals ...

Google parent Alphabet announces first-ever dividend, shares soar

BRIGHTON, England (April 26): Phil Foden struck twice as Manchester City stepped up their bid for a fourth Premier League crown in a row with a ruthless 4-0 victory at Brighton & Hove Albion on Thursday.

A day after Liverpool's title challenge suffered a huge blow with a 2-0 defeat ...

Man City humble Brighton to keep pressure on Arsenal

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

Chin Teck’s 2Q net profit up sevenfold

Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.

PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.

Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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EVENING 5: Five things you need to know today

US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

US economic growth slows more than expected in first quarter

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

NEW YORK (April 26): Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms META.O.

Data on...

US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told Reuters on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.

US growth may get revised up, inflation will ebb

Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.

PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.

AirAsia X mulls flying to Poland, Hungary, London and Orlando

Prime Minister Datuk Seri Anwar Ibrahim on Thursday gave assurance that the revised Public Service Remuneration System (SSPA), which will be announced soon, will be the best ever introduced in the country.

Revised public service remuneration system will be the best ever introduced — Anwar

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.

EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a two-month low on Thursday, due to weaker soybean oil futures on the Chicago Board of Trade (CBOT), said a dealer.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.

CPO futures hit two-month low at the close, in line with weaker rival oils

Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.

Infoline Tec seeks transfer from ACE Market to Main Market

Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan.

The proposed exercise will be funded through a combination of unit issuance and cash via bank borrowings, it said in a filing with Bursa Malaysia on Thursday.

Al-`Aqar Healthcare REIT aims to acquire yield-accretive properties from KPJ Healthcare

Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn Rene van Keulen as its new managing director (MD).

Heineken nominates Martijn Rene van Keulen as new MD to succeed Roland Bala

Malaysia nevers forget the sacrifices Australian and New Zealand heroes made during the World War II particularly in Sandakan and the lessons of history will be carried forward to the new generation.

Malaysia never forgets sacrifices of Australian, New Zealand war heroes in Sandakan

（吉隆坡25日讯）将接管壹必投集团（Capital A Bhd）航空业务的亚航长程（AirAsia X Bhd），周四公布了收购计划的细节。

Chai Yee Hoong

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