S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
Tishman Speyer has secured a US$75 million commitment from a German pension investor for its Korea Living Venture, bringing total equity to US$395 million. The fund, which also has backing from Dutch pension investors APG Asset Management and Bouwinvest, is expected to support over US$800 million in
Marvell Technology raised its fiscal 2028 revenue forecast to about US$20 billion on 6 Oct 2026, surpassing Wall Street estimates, as demand for its custom data center chips surges alongside rising AI spending. The company also forecast fiscal 2031 revenue of US$70 billion to US$90 billion, far abov
Macquarie Capital has invested in hyperscale data centre developer Zerra, which has more than 2 gigawatts of planned IT capacity across Australia, Japan and India. Global real assets investor AGP, which set up Zerra, remains majority shareholder. Macquarie Capital is already a partner in Zerra’s Wes
Philippine headline inflation accelerated to 7.2% in September, its fastest pace since March 2023, driven by food supply disruptions, higher global oil prices and rising transport and utility costs. The rate matched the Bangko Sentral ng Pilipinas' upper estimate and ended four months of deceleratio
The World Bank kept its 2026 GDP growth forecast for the Philippines unchanged at 3.7%, calling the country an 'outlier' in East Asia due to its exposure to high energy prices and limited gains from the global AI boom. Unlike regional peers, the Philippines has not benefited from AI-related investme
PLDT Inc. has postponed the initial public offering of its data centre arm VITRO REIT to 2027, blaming current market conditions and rising interest rates. The company had earlier targeted an Oct 12 listing on the Philippine Stock Exchange. VITRO aims to raise up to P24.2 billion through the offer o
ACEN Corp, the Ayala group's listed energy platform, has secured a €50-million term loan facility from ING Bank's Manila branch. Proceeds will finance renewable energy investments and general corporate purposes, with ING's Singapore branch acting as agent.
PetroGreen Energy Corp. has secured a P1.24 billion loan from Rizal Commercial Banking Corp. to develop the 40-megawatt-direct-current Limbauan Solar Power Project in San Pablo, Isabela. The facility, which will use 52,640 solar panels from China's Trina Solar, is expected to generate 59 GWh of elec
The PPP Center of the Philippines has signed a memorandum of agreement with Lapu-Lapu City to assist the local government in developing public-private partnership (PPP) projects. The deal covers advisory services, technical assistance and access to the Project Development and Monitoring Facility. As
The United States has discussed starting reciprocal visits to nuclear sites with China, with discussions held on the sidelines of UN Security Council permanent member gatherings. The idea was initially raised by China this year and includes visits to US Department of Energy national laboratories and
The Land Transport Authority is calling a tender to install rail dampers along noisier stretches of the Thomson-East Coast Line. The devices will be placed between Springleaf and Lentor, Stevens and Napier, and Bright Hill and Upper Thomson stations to reduce noise from tighter track curves.
Global investors including Blackstone, Bain Capital and Warburg Pincus are expected to submit final bids for Fuji Media's property unit, Sankei Building, by end-October. A deal could value the unit at around 1 trillion yen (S$6.3 billion) including debt, marking one of Japan's largest-ever real esta
Academics from the Singapore University of Technology and Design say the delay of the North-South Corridor to a 2029 opening has extended years of disruption for residents and businesses. They argue that the cumulative burden of repeated route changes, noise and dust deserves more attention, and cal
IJM Corporation Bhd has appointed former KPMG Malaysia managing partner Datuk Johan Idris as its independent non-executive chairman, effective 5 Oct. He succeeds Tan Sri Krishnan Tan, who retired at the group's AGM in August.
MKH Bhd's moneylending subsidiary, MKH Credit Corporation Sdn Bhd (MKCC), had RM127.92 million in outstanding loans and advances as at Sept 30. Unsecured loans to companies within the MKH group accounted for the bulk of the balance at RM119.5 million.
All Philippine provinces are expected to face drought conditions by end-March 2027 due to a strong El Niño, officials announced on Monday. The government outlined a multi-agency response focusing on water conservation, food stockpiles, and partial funding, with over 388,000 people already affected a
Listed construction firm EEI Corp. has appointed Andres P. Tumbokon III as chief transformation officer and promoted three other executives in a restructuring aimed at consolidating its building and engineering operations. The changes took effect on 2 Oct 2026.
FILINVEST REIT Corp. chairman Joseph M. Yap will take over as president and CEO from Oct. 15, replacing Maricel Brion-Lirio who is retiring. The leadership change comes as the REIT reports higher revenue and net income for the first half of 2026.
A Visa study of 14,250 consumers across 14 Asia-Pacific markets found that 46 per cent are likely to use stablecoins within five years, though only 6 per cent accurately understand how they work. Weak trust and understanding remain the main barriers, with 38 per cent of aware non-users citing fraud
The National Housing Bank has ordered a forensic audit of SRG Housing Finance after earlier findings flagged possible fictitious loans of ₹300 to ₹400 crore. The investigation will examine whether the Udaipur-based lender created dummy accounts, manipulated repayment records and offered the same ass
Taiwan's National Development Fund has amended its AI investment programme to allow funding for offshore companies that maintain their primary business activities, R&D, hiring or revenue generation in Taiwan. The move follows the fund's NT$10 billion (US$314.17 million) commitment over 10 years, wit
PNB Holdings Corp. ended its first week on the Philippine Stock Exchange unchanged at P1.20, with 1.07 billion shares worth P1.27 billion traded. Selling by recipients of a property dividend from parent Philippine National Bank was largely absorbed by value buyers, keeping the stock flat while the b
The National Company Law Tribunal has admitted Kotak Mahindra Bank's insolvency petition against Unity Realty and Developers over a claimed default of ₹68.49 crore. The Mumbai-based real estate firm acted as corporate guarantor for loans taken by Unity Infraprojects.
Country Heights Holdings Bhd said its subsidiary Golden Horse Palace Bhd was served with a winding-up petition over RM312,652.99, arising from two Industrial Court awards. The petition is pending court determination, with case management set for Oct 21 and a hearing on Dec 8.
IOI Properties Group CEO Datuk Lee Yeow Seng acquired 25.14 million shares via five open-market purchases between Aug 28 and Sept 29, for an estimated RM87.91 million. The deals raised his direct stake to 207.47 million shares, or 3.768%, from 3.311%.
Citi Research, DBS Group Research, RHB and CGS International have kept their ‘buy’ or ‘add’ ratings on CDL after the developer unveiled a three-year roadmap. The plan targets S$6 billion in asset sales and S$5 billion in new investments, though shares have fallen about 10% since the announcement.
Mah Sing Group has signed a non-binding term sheet with Kinergy Advancement to study captive power and renewable energy options for its proposed data centre projects at Southville City in Bangi and Meridin East in Pasir Gudang. The collaboration covers technical and commercial assessments for power
YTL AI Labs has launched ILMUcode, an AI-powered coding platform, with 800 first-year Universiti Malaya (UM) students set to receive RM100 in credits monthly for three months. UM is the first university in Malaysia to introduce the platform, which combines an agentic AI coding assistant with the ILM
Household loan approvals in Malaysia fell 10.4% year-on-year in August 2026, extending July's 2.4% decline, according to Hong Leong Investment Bank. Overall loan growth edged up to 5.7% as business lending strengthened, while total loan applications reversed July's surge.
PT Bintang Pesona Jagat, an indirect 51%-owned subsidiary of Tien Wah Press Holdings, will acquire five parcels of land and buildings in Malang, East Java, for IDR150 billion (RM34.07 million) cash. The purchase secures long-term ownership of its leased production facility, with completion targeted
The Securities and Exchange Commission has proposed raising the minimum unimpaired paid-up capital for broker-dealers to P120 million, replacing the P100-million requirement set in 2004. The draft rules, issued for comment until Oct. 14, cite inflation and international regulatory principles. Existi
Amazon and Walmart's Flipkart are reviewing internet-enabled surveillance camera listings on their Indian platforms after Reuters found more than 700 of roughly 770 listings lacked mandatory government certification. The checks follow strict testing rules imposed in April 2026 amid espionage concern
A group of 30 multilateral development banks and finance institutions has launched new joint methodologies to measure and increase capital mobilisation to emerging markets. The guidelines, backed by the G20, aim to capture innovative financial tools such as collateralised loan obligations and signif
Bankers and asset managers are pushing back on Nvidia's plan to use its advanced chips as long-term collateral for a US$500 billion financing initiative. Lenders want stronger guarantees, arguing the chips may not hold value for the decade Nvidia claims, and are seeking more certainty in deal struct
Trive Property Group Bhd fell into a net loss of RM315,000 for the second quarter ended 31 Jul 2026, from a net profit of RM1.999 million a year earlier, as revenue plunged 90.8% to RM608,000. The decline was due to higher tenant vacancies and the absence of renewable energy sales.
Axis Real Estate Investment Trust has completed the RM38 million acquisition of a 99-year leasehold industrial complex in Seksyen 16, Shah Alam. The property, fully occupied by three tenants, was bought from Rubicon Assets Sdn Bhd and funded through existing bank financing.
Chin Hin Group Property Bhd is exiting the commercial vehicles and bodyworks business by selling four subsidiaries to HSG Sdn Bhd for RM62 million cash. Most of the proceeds will fund its Divine KLCC and Ophira property projects in Kuala Lumpur.
US stocks rose and the 2-year Treasury yield fell on Wednesday after softer-than-expected US inflation data reduced the odds of a Federal Reserve rate hike next month. Long-dated yields stayed higher, with the 10-year note on track for its biggest monthly gain since 2022.
The Philippine Stock Exchange is set for a busy period with three initial public offerings, including Mynt Inc., the fintech behind GCash, which could become the bourse's largest-ever listing. Analysts caution that success depends on post-listing performance and whether the IPOs attract fresh capita
ElevenLabs has completed a US$300 million employee tender offer that values the AI voice generation startup at US$22 billion, double its February valuation. The deal, led by Wellington and T. Rowe Price, provides liquidity to staff and early investors as demand for AI voice agents surges.
Century Properties Group has received Securities and Exchange Commission approval to merge with its residential housing arm PHirst Park Homes, with CPG as the surviving entity. The consolidation aims to simplify operations, centralise capital management, and strengthen the company's first-home resid
Canada Pension Plan Investment Board is investing INR 30 billion (S$313 million) for about 27 per cent of Prestige Hospitality Ventures, marking its first direct bet on Indian hotels. The investment comes days after parent Prestige Estates Projects withdrew plans to list the business, citing strateg
Property owners in the Philippines can use existing real estate as collateral for the BDO Multipurpose Loan to fund business expansion, investment or working capital needs. The loan offers a Term Loan or Ready Check credit line, with borrowers retaining ownership of their property.
French auto parts supplier OPmobility has agreed to acquire Hyundai Mobis' lighting business for an enterprise value of 600 billion Korean won (S$443 million). The final agreement was announced on Wednesday (30 Sep 2026).
China's manufacturing PMI rose to 50.1 in September, ending two months of contraction and matching forecasts. The non-manufacturing PMI beat expectations, while Beijing's stimulus package and central bank measures aim to support the property market and economy.
Apple Pay has launched in India via a partnership with Axis Bank, marking its first entry into one of the world's largest digital payments markets. The service is initially available to Axis Bank credit cardholders on Visa and Mastercard networks, with RuPay cards excluded.
Singapore-listed developer City Developments Ltd (CDL) announced a new strategy called GET+ on Monday, including setting up a dedicated fund management entity. The group aims to double assets under management to S$10 billion by 2029 and outlined plans to divest S$6 billion of assets and deploy S$5 b
Crescendo Corporation Bhd's second-quarter net profit more than quadrupled to RM70.56 million, driven by a data centre land sale at Nusa Cemerlang Industrial Park. Revenue rose 157.8% to RM201.43 million, and the group declared an interim dividend of two sen per share.
OpenAI is seeking at least US$30 billion in a new funding round at a valuation of about US$1.4 trillion, excluding the new capital, according to a Bloomberg News report. The early-stage talks would serve as bridge financing ahead of a possible IPO, which CEO Sam Altman has ruled out for 2026.
Developers are deferring new project launches as weaker economic growth, higher borrowing costs and geopolitical uncertainty weigh on the market, Colliers Philippines said. Residential and office take-up slowed in the first half, while the economy expanded just 2.3% in the second quarter.
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