S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
Google will launch a prototype satellite next week to test its AI chips in low Earth orbit for the first time. The Project Suncatcher mission aims to explore whether space can host large-scale AI computing infrastructure using continuous solar power.
Anarock Group has acquired a 51% stake in architecture and interior design firm DSP Design Associates at an enterprise valuation of about ₹450 crore. The deal, funded through internal accruals, is aimed at expanding Anarock's capabilities into architecture, master planning and interior design, lever
Northern TK Venture, a unit of Malaysia’s IHH Healthcare, has appealed a Tokyo court’s dismissal of its damages claim against Daiichi Sankyo over the acquisition of a stake in India’s Fortis Healthcare. The unit had sought up to 109.3 billion Indian rupees. IHH also plans to raise its Fortis stake t
IOI Properties Group plans to list a REIT holding nine properties valued at RM7.66 billion, with IOI City Mall accounting for about two-thirds of the portfolio. The proposed IOIPG Malaysia REIT will acquire the assets from the group for RM7.58 billion, funded through RM4.92 billion in REIT units and
Eco World Development Group Bhd posted a 10.9% rise in net profit to RM112.16 million for 3QFY2026, with revenue up 27.5% to RM971.53 million. Sales hit RM5.01 billion, led by Iskandar Malaysia and Klang Valley, and the group won a Singapore URA tender for a residential site at Lorong Puntong/Sin Mi
Modal Labs is reportedly in discussions to raise new financing at a valuation of roughly US$15 billion, according to Bloomberg News. The AI startup, which helps companies access chips for AI tools, previously raised US$355 million in May at a US$4.65 billion valuation.
Tata Sons' board has voted to give chairman N. Chandrasekaran another five-year term despite opposition from Noel Tata, who heads Tata Trusts. The trusts, which own 66 per cent of Tata Sons, say the appointment breached company rules. The dispute also covers a possible stock market listing of the ho
Singapore's core inflation rose to 2.2 per cent year-on-year in August, the highest since September 2024, driven by higher services, retail and food inflation. Overall inflation also edged up to 2.3 per cent, with authorities expecting core and headline inflation to average 1.5 to 2.5 per cent in 20
Topmix Bhd has pushed back the completion of its RM1.85 million disposal of a freehold industrial property in Senai, Johor, to the fourth quarter of 2026. The extension follows a mutual agreement with purchaser PMI Packaging Sdn Bhd, as the balance payment awaits bank processing.
India's Supreme Court has ruled that the Premium floor area ratio scheme in Karnataka cannot be used to regularise unauthorised constructions, issuing an interim order on a petition by Citizens Action Forum. The court noted that the scheme, which allows developers to buy extra floor space, could bur
NexGen Energy Corp.'s subsidiary Airstream Renewables Corp. has voluntarily relinquished contract areas for two wind power projects in Cavite and Batangas. The move covers the Asisan and Sambong wind farm projects, with the Department of Energy's approval expected in due course.
The value of transactions through the Bangko Sentral ng Pilipinas' Peso Real-Time Gross Settlement system jumped 32.6% year on year to P174.6 trillion in the second quarter, the fastest growth since the facility launched in 2021. Large-value and retail payments both drove the expansion.
Runwal Enterprises has priced its ₹500 crore initial public offering at ₹290-305 per share, with the issue opening on 25 Sep and closing on 29 Sep 2026. The fresh-issue IPO offers a residential-heavy portfolio of 88.37 million sq ft across Mumbai and Alibaug.
Singapore's Ministry of Social and Family Development has launched a new unit, SAFER, to help identify potential child abuse cases earlier by synthesising data across agencies. The unit, operational since June, could have flagged Megan Khung's case for review about five months before her death, MSF
A forced auction of a six-acre commercial plot in Kajang owned by Country Heights Holdings was cancelled after no bidders came forward. The land, carrying a reserve price of RM55 million, was put up for sale under court order over an unpaid loan.
Housing and Local Government Minister Nga Kor Ming said smart city development must prioritise communities, with technology as an enabler for safer and more liveable cities. He was speaking at the opening of Tomorrow.City Shanghai 2026, where he also received a Smart City Leadership Award.
Sabah Development Bank Bhd said it is willing to consider a substantial reduction in its exposure to PacifiCity, a long-abandoned RM2 billion waterfront development in Kota Kinabalu, to help revive the project. About RM300 million remains outstanding, and no firm investor proposal has been received
St. Luke’s Medical Center–Global City has launched a next-generation TrueBeam radiotherapy system with four advanced technologies for more precise, faster cancer treatment. The system can cut radiation exposure to healthy tissue by up to 50 per cent and shorten some procedures from hours to minutes.
Beshom Holdings has received the Ministry of Economy's no-objection to its proposed RM85.8 million disposal of three freehold industrial land parcels in Kapar, Klang. The sale to JT Development remains conditional on the purchaser obtaining planning permission.
The 4 per cent floor interest rate for CPF Special, MediSave and Retirement accounts will be extended through 2027, the CPF Board and HDB announced on 22 Sep. The Ordinary Account rate and the concessionary HDB housing loan rate also remain unchanged for the fourth quarter.
North Korean leader Kim Jong Un oversaw the test of a new-type weapon system, state media reported on Tuesday, two days after South Korea and Japan condemned recent short-range missile launches. Pyongyang praised the test as a demonstration of ultra-modern defence technology.
The Malaysian REIT Managers Association has asked the government to reinstate the withholding tax break on REIT dividends in Budget 2027, arguing the current regime hurts competitiveness against Singapore and Hong Kong. It also proposed raising the statutory gearing limit to 60%.
Georgia Power, a unit of Southern Company, has signed an agreement with Google to fund upgrades at its Vogtle and Hatch nuclear plants that could add about 96 megawatts of capacity. Pending regulatory approval, the deal would support equipment modifications and deliver about US$900 million in projec
Chin Hin Group Property Bhd's joint-venture company has been given a one-month extension, to Oct 21, to settle the remaining RM35.4 million owed to Fiamma Holdings Bhd. The company has so far paid RM110.7 million of the settlement amount.
ACEN Corp. will no longer pursue two solar power projects in Quezon and Zambales due to land acquisition and access issues. The company surrendered the service contracts, but said the cancellations have no impact on operations as neither project had started construction.
The Commission on Audit flagged the Overseas Workers Welfare Administration for acquiring P1.42 billion worth of land without prior board approval, citing a significant lapse in internal controls. Auditors also found P910.1 million in unused funds and control weaknesses in several welfare programs.
Australian data center operator Firmus will launch its initial public offering to raise A$7 billion (US$4.99 billion) from institutional investors on 6 Oct, with trading to begin on the Australian Securities Exchange on 22 Oct, according to a term sheet reviewed by Reuters. The company had not respo
AmFIRST REIT’s RM331 million sale of Menara AmBank to AmBank (M) Bhd became unconditional after all conditions precedent were fulfilled. Unitholders approved the related-party transaction with 96.14% of votes cast in favour. The disposal will reduce the trust’s gearing to 33.94% from 46.60%.
Pekat Group's subsidiary has signed a conditional lease for about 470 acres in Sungai Petani, Kedah, for renewable energy activities, with estimated aggregate rent of RM54.5 million over 24 years. The deal is subject to approvals and an offtake agreement, with a three-year exclusivity period.
Mirvac has appointed Kit Georgeos as chief executive of funds management, while India's RMZ Corp has hired Ankit Samdariya as managing director of equity capital markets. Barwon Investment Partners has named Tom Patrick and Jonathon Pullin as managing partners following its acquisition by Hillhouse'
SoftBank Group Corp has launched US$10 billion in dollar-denominated and €1 billion in euro-denominated senior unsecured notes to finance its third-tranche payment for its OpenAI investment. The bonds, which will also repay an existing bridge loan, are expected to price on 24 Sept and settle on 29 S
Hong Kong's New World Development has received approval from the Shanghai Stock Exchange for the spinoff and listing of its REIT, with an expected offering size of 3.82 billion yuan (S$570.36 million). The company will retain 20 per cent of the units and expects net proceeds of 3.24 billion yuan fro
Ukraine launched what Moscow's mayor called the largest drone attack yet on the Russian capital, killing two people in the Moscow region and two more in Russian-held parts of Ukraine's Kherson region. The attack came on the final day of a parliamentary election that President Vladimir Putin has fram
Charter Hall Group has launched Charter Hall Industrial Partnership 5, backed by Tokyo Tatemono and UBS Asset Management, with a target end value of A$1.2 billion. The fund is seeded with six east-coast Australian industrial properties, marking Tokyo Tatemono's first logistics investment in the coun
Ayala Land, Inc. (ALI) shares fell for the week ended 18 Sept as broader property sector weakness outweighed positive company-specific news, including the Market! Market! lease extension and additional share purchases by parent Ayala Corp. The stock closed at P15 apiece, down 0.4% from the previous
South Korea’s government will hold a closed-door briefing for the National Assembly on Tuesday regarding the first investment project under its US$350 billion commitment to the United States. The briefing, which may cover a final outcome or an interim report, comes amid ongoing negotiations over com
MA Financial has acquired a 50% stake in The Glen shopping centre in Glen Waverley, Melbourne, for A$327.5 million, implying a passing yield of about 7%. The Sydney-based fund manager also launched a large format retail fund seeded by the Eastern Creek Quarter Large Format Retail Centre, targeting A
The newly elected parliament of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) must focus on coalition-building after no single party secured a majority in the first parliamentary elections. Senator Francis Pangilinan said cooperation between parties is vital to form a government rooted
Greystar has appointed Tom Livelli, former EQT Real Estate executive, as executive director and head of Asia Pacific, effective early 2027. Livelli will lead about 250 staff across a portfolio of more than 11,500 rental units and beds, as the firm expands its APAC operations.
The hog industry has proposed a P210 per kilogram floor price for live hogs to ease low farmgate prices, with the Department of Agriculture backing the move. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the DA cannot enforce the price without legislation.
Mitsui Fudosan Logistics Park has agreed to acquire three industrial properties in Japan for JPY 35.7 billion (S$229 million) and sell its entire 50 per cent stake in MFLP Yokohama Daikoku for JPY 11.9 billion. The deals, which involve fully occupied assets completed in 2025 and 2026, are part of th
Ichigo Hotel REIT reported an 11 per cent year-on-year fall in six-month net income to JPY 1.2 billion ($7.9 million), hit by renovation closures, fewer Chinese tourists and weaker post-Expo Osaka demand. The Tokyo-listed trust still beat its revised forecasts, while domestic travel and business boo
Vietnam ranked 50th out of 88 countries in JLL's 2026 Global Real Estate Transparency Index, placing it in the Semi-Transparent category. The country was among the world's 10 most improved markets, driven by legal reforms and the development of a national land database.
Japan's Nippon Life Insurance plans to invest 2 trillion yen (US$12.75 billion) in infrastructure financing, mainly for data centre construction in the United States and Japan. The insurer is pursuing project finance arrangements that offer spreads above 2 per cent on average, and aims to double its
President William Lai announced the establishment of the World Alliance for Disaster Management (WADM) at a forum in Taipei, calling it Taiwan's biggest breakthrough in joining international organisations in over 50 years. The alliance has 12 founding members, including 11 of Taiwan's diplomatic all
KIP Real Estate Investment Trust plans asset enhancement initiatives at three malls to boost operational efficiency and support rental growth. The REIT also targets completing its RM435 million acquisition of Setapak Central Mall by end-Q3 2026, which would lift assets under management to about RM2.
The Bombay High Court has issued fresh guidelines for land division in redevelopment projects with multiple buildings, ruling that each society's proportionate land entitlement is fixed four months after formation and cannot be reduced by later plan revisions. The court also ordered builders to disc
Meey Global Corp, a Cayman Islands holding company that operates a digital real estate platform in Vietnam, has filed its Form F-1 registration statement with the US Securities and Exchange Commission for a proposed initial public offering on the Nasdaq Capital Market. The company, which controls Vi
Tropicana Corporation Bhd has donated RM3 million to the Johor Education Foundation to support education and talent-development programmes in the state. The contribution backs initiatives including STEM-focused schools, scholarships for top SPM scorers, and technical facility upgrades.
Malaysia's policy reversals on EV import rules and data centre incentives risk undermining foreign investor confidence, according to a commentary by CNA's Leslie Lopez. While headline FDI figures remain strong, the quality of capital could degrade as predictability erodes.
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