S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
Sentral REIT’s realised net income rose 0.5% to RM59.72 million for the nine months ended Sept 30, 2026, driven by higher occupancy and rental rates. Portfolio occupancy hit 90%, up four percentage points from a year earlier, marking six consecutive quarters of improvement.
SD Guthrie Bhd’s industrial development profit before interest and tax rose 78% year-on-year to RM770 million in the first nine months of 2026, contributing about 24% of group PBIT. Group net profit for the period increased 15.6% to RM2.32 billion, despite a slight dip in revenue.
Kerjaya Prospek Group Bhd has secured its first Tenaga Nasional Bhd contract through a consortium for the Paka substation project in Terengganu, with an attributable value of RM142.1 million. The group also strengthened its collaboration with ES Sunlogy Bhd, awarding two Pulau Andaman subcontracts w
Democratic candidates in Texas, Georgia and Ohio won gubernatorial races after campaigning on data center moratoriums, handing political power to opponents of the projects. US data center stocks fell sharply as investors predicted tougher regulation and potential delays to nearly half of planned cap
Philippine inflation accelerated to 7.8% in October, the fastest reading since February 2023, driven by higher energy costs and a weak peso. The headline clip exceeded analyst estimates but stayed within the central bank's forecast range.
A court-ordered auction of the Mines Waterfront Business Park property in Petaling, Selangor, failed to attract any bidders on Wednesday. The leasehold site, spanning 667,147 sq ft and owned by a Country Heights subsidiary in liquidation, had a reserve price of RM152.77 million.
North Korea fired several missiles toward its eastern waters, South Korea's military confirmed, hours after Pyongyang said it saw no need to resume diplomacy with Washington. The launches follow North Korea's denial of involvement in a US$6 billion cryptocurrency heist at Binance, which the FBI blam
TeraWulf has obtained a credit backstop agreement from Alphabet's Google to support financing for its data-centre project with Anthropic in Hawesville, Kentucky. The 401 MW campus, expected online from the second half of 2027, is projected to generate about US$19 billion in contracted revenue over a
India's payments authority NPCI has formed a wholly owned technology arm, NPCI Tech Solutions Limited (NTSL), to drive AI, blockchain and digital infrastructure development. The unit will be led by CTO Vishal Kanvaty and will build capabilities beyond NPCI's core payments mandate.
Lanny Budiati, president director of BCA Digital, has been named to Forbes Asia's Power Businesswomen list for 2026. Under her leadership, the digital bank's net profit more than quadrupled to Rp213.4 billion, with loans and deposits surging 85% and 59% respectively.
Lenders led by Canara Bank have approved a ₹522-crore one-time settlement from Supreme Housing and Hospitality, covering debts of nearly ₹700 crore and achieving roughly 75% recovery. The deal, which includes non-fund exposures from corporate guarantees, will now go to the NCLT for final approval.
Penang Chief Minister Chow Kon Yeow told the state assembly that the state has no specific plans to develop state-owned land on Pulau Jerejak, though private developers have submitted proposals for mixed-use development. A separate RM500 million bridge linking Queensbay to an 80-acre private redevel
Prime Minister Datuk Seri Anwar Ibrahim launched the fifth National Physical Plan (RFN5) and third National Urbanisation Policy (DPN3) on Nov 4. RFN5 sets land-use priorities to 2040, including an 85% urbanisation target, while DPN3 focuses on affordable housing and safer cities by 2035.
Sime Darby Property Bhd is exploring a REIT listing by 2028, focused on industrial and data centre assets, according to Maybank Investment Bank. The developer is also expanding into heavy industrial parks and solar energy projects to support its industrial and data centre customers.
The Hyderabad bench of the National Company Law Tribunal has ruled that a 9,559 square yard property in Madhapur be included in the liquidation estate of Butta Infrastructure Private Limited. The tribunal found that LIC Housing Finance failed to demonstrate it had realised its security interest with
Malacañang warns President Ferdinand Marcos Jr. may veto amendments to the proposed 2027 national budget that lack supporting documents or clearly identified projects. The warning follows calls from over 30 business and civil society groups to remove questionable congressional insertions, including
The Commission on Audit reported that the Department of Public Works and Highways inefficiently implemented 9,061 projects worth P531.79 billion in 2025, citing delays, suspensions and idle works. The agency also failed to disburse more than half of its obligated funds, with only 45.65 per cent disb
Panellists at the 11th National Planning Congress urged cities to use flood-risk maps and early warning systems to guide land-use decisions. The conference, held in Petaling Jaya, also heard calls for closer agency coordination and greater transparency in development planning.
India's markets regulator Sebi has authorised Real Estate Investment Trusts and Infrastructure Investment Trusts to issue Depository Receipts, a move aimed at attracting foreign investment. The DRs will be listed on exchanges at the International Financial Services Centre and must comply with unitho
Manila Electric Company (Meralco) has launched Mapanuring Meralco, a media and information literacy initiative aligned with UNESCO's Global Media and Information Literacy Week. The programme aims to empower employees and stakeholders with critical thinking skills to navigate misinformation and uphol
Consortium Zenith Construction can complete the RM852 million Air Itam–Tun Dr Lim Chong Eu Expressway bypass using internal funding despite the failed auction of a six-acre freehold parcel near Gurney Bay. Chief Minister Chow Kon Yeow told the Penang state assembly that construction is over 95% comp
A new poll shows DPP mayoral candidate Puma Shen leading incumbent Chiang Wan-an 52.6% to 35.3% among Taipei voters. Shen leads in 11 of 12 districts, with urban renewal emerging as the top issue for the next mayor.
The Securities and Exchange Commission is encouraging Philippine manufacturers to raise funds through capital markets such as crowdfunding and IPOs to finance expansion. SEC Chairperson Francis Ed. Lim highlighted simplified registration frameworks and regulatory relief measures at the FPI Business
EastGate Capital Management CEO Samuel Lim and EGW Asset Management’s Atsushi Higuchi will discuss Japan’s rental research property market at next week’s Mingtiandi Tokyo Forum. The session will cover the shift from owner-occupied labs to leased space, conversion of the Shinagawa Seaside West Tower
Singapore-listed Daiwa House Logistics Trust has agreed to sell its mostly vacant Sendai warehouse to sponsor Daiwa House Industry for JPY 13.5 billion (S$85.6 million). The REIT will also acquire a fully leased Hiroshima facility, aiming to boost portfolio occupancy and restore distribution levels.
The Philippine stock market is expected to trade cautiously this week as investors await October inflation data and third-quarter corporate results. The PSEi fell 0.44% to 5,680.35 last week amid rising global oil prices and Middle East tensions, with analysts predicting continued volatility and sel
Asian stocks were mixed on Monday (Nov 2) as investors struggled to recover from last week's tough run fuelled by disappointing earnings from tech titans. AI-linked firms were hit by another wave of selling as Wall Street giants including Amazon, Alphabet and Microsoft signalled they would keep pour
Berjaya Corp Bhd's property segment returned to profit in FY2026, posting RM33.90 million against a RM41.30 million loss a year earlier, driven by higher progress billings from Residensi Oak, Pangsapuri Azalea and Jesselton Courtyard. External revenue surged 85.4 per cent to RM503.58 million.
UEM Sunrise Bhd has received the full RM415 million guaranteed entitlement under a development rights agreement with an EXSIM group company for a 1.59-acre freehold commercial site near Kuala Lumpur City Centre. The balance payment was made on Oct 30, completing the three-instalment payment schedule
Meridian Bhd reported a net loss of RM1.17 million for the first quarter ended Aug 31, 2026, widening 39.6% year-on-year despite revenue jumping to RM2.57 million. The group also faces ongoing foreclosure proceedings against a subsidiary and a Bursa Malaysia rejection of its extension application fo
IGB Real Estate Investment Trust posted a 50.8% rise in net profit to RM144.15 million for the third quarter ended Sept 30, 2026, driven mainly by The Mall, Mid Valley Southkey in Johor Bahru. Revenue climbed 50.9% to RM249.34 million, while net property income increased 48.3% to RM185.25 million.
Mapletree Investments is sounding out investors for an initial public offering on the Singapore exchange, potentially valuing the listed entity at up to S$5 billion. The IPO, which could take place early next year, follows the collapse of merger discussions with CapitaLand Investment. The wholly Tem
Globe Telecom has expanded its hybrid and electric vehicle fleet to about 570 units as of August. The Ayala-led telco is targeting the transition of nearly 500 field sales service vehicles to hybrid or fully electric models by 2028.
Airports Corporation of Vietnam (ACV), developer of the Long Thanh International Airport project, reduced its workforce by nearly 1,400 employees in the third quarter, bringing total headcount to just over 7,110. The cuts are part of a broader restructuring that has shrunk the number of management d
The National Company Law Tribunal has invalidated a series of transactions involving JLS Realty Pvt Ltd, including the transfer of a prime redevelopment land parcel in Mumbai to Spenta Suncity and a ₹525-crore corporate guarantee linked to IIFL. The tribunal also reversed disputed director appointme
China's manufacturing PMI fell to 49.3 in October from 50.1 in September, marking the third contraction in four months. The decline was driven by weak export demand and fading consumer spending after the National Day holiday, with analysts warning of insufficient demand.
India's insolvency regulator, the IBBI, has amended real estate insolvency rules to prioritise project completion and homebuyer oversight. The new rules mandate independent construction assessments, allow creditors with 66% voting share to recommend project exclusion, and give homebuyers representat
Lodha Developers reported a 28.3 per cent rise in net profit to ₹1,013.5 crore for the quarter ended 30 Sep 2026. Total income grew 18.2 per cent to ₹4,584.9 crore, while pre-sales rose 10 per cent year-on-year to ₹5,037 crore, exceeding 40 per cent of the full-year target.
Tencent-backed Kuaishou Technology announced on Friday that its unit Beijing Kling has completed a fundraising round of about 19.8 billion yuan (S$4.3 billion). The short-video platform operator will retain two-thirds of the equity and 52.45 per cent of voting rights in the AI video-generation firm.
Star Asia Group has launched its first private fund for domestic capital, the Star Asia Japan Property Fund No 1, holding JPY 30 billion in Tokyo residential properties. Japan Post Insurance is the anchor investor, marking a shift by the insurer towards domestic real estate as it doubles down on inf
Ho Chi Minh City has approved 12 investment projects worth a combined S$21.5 billion (US$16.4 billion), led by the International University Urban Area, Can Gio International Transshipment Port and Lotte Eco Smart City Thu Thiem. The projects span urban development, seaports, logistics and high-tech
State-owned Development Bank of the Philippines (DBP) won three awards at the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards 2026 in Colombo, Sri Lanka. DBP took top honours in the CSR category for its INSPIRE education programme and earned meri
Panasonic Holdings reported a surge in Q2 operating profit at its energy unit to 55.6 billion yen, driven by higher sales of EV batteries and data centre storage systems. The company raised the unit's full-year profit forecast by 16 per cent to 198 billion yen and lifted its group operating profit f
Hong Kong-based private equity firm PAG has agreed to acquire a 51 per cent stake in Evergrande Property Services Group for HK$4.03 billion (US$513.7 million) from the liquidators of China Evergrande Group. The deal values the property management company at HK$9.0 billion and represents the largest
Major Asian property groups including Hongkong Land, CapitaLand Investment and Keppel are adopting capital recycling as a standard portfolio management tool, selling or monetising mature assets to fund new investments and grow recurring-income businesses. Hongkong Land has recycled US$3.6 billion to
Spotify plans to launch an AI-powered music remix service in the first quarter of 2027, potentially debuting around the Grammy Awards in February. The service would allow subscribers to create remixes and would cost an additional S$5 to S$7 per month, with royalties flowing back to original artists.
Four publicly listed companies of the Filinvest Group have been recognised at the 2026 Golden Arrow Awards by the Institute of Corporate Directors. Filinvest Development Corporation received two Golden Arrows, while Filinvest Land, Filinvest REIT Corp and EastWest Banking Corporation each earned mul
YTL Construction has won three industry awards, including Best Project Award for the RM8.9 billion Gemas–Johor Bahru Electrified Double Track Project at the MCIEA 2026. Executive director Yeoh Keong Yuan also received the Outstanding Young Contractor Award at the same event, and the firm was named C
Berjaya Construction, a unit of Berjaya Property linked to tycoon Vincent Tan, has been appointed for design-and-build works on the RM1.2 billion Sanglang Port project in Perlis. The development will include two multi-user terminals, a RORO terminal and a general cargo terminal along a 4km trestle.
Singapore's DBS Bank has dismissed as untrue a rumour circulating on Indonesian social media that BCA, Indonesia's largest private bank, would absorb its Indonesian subsidiary. The denial follows a 7% jump in BCA's share price on Wednesday, with traders citing the rumour as the catalyst.
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