S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
A Brown Co., Inc. (ABCI) is investing about P75 million to acquire an approximately 20% stake in Simple Brown Builders, Inc. (SBBI), a newly formed real estate company. The investment adds to A Brown's existing property business, which includes residential developments in Northern Mindanao, Caraga,
Samsung has committed US$1 billion to KKR's Helix Digital Infrastructure strategy, lifting total capital pledged to the global AI infrastructure platform to more than US$11 billion. Samsung Electronics will contribute US$500 million, with affiliates including Samsung C&T, Samsung SDS, Samsung SDI, S
Australian private credit firm Metrics Credit Partners has suspended trading of three listed funds after KPMG flagged discrepancies in preliminary financial reports. The funds' net asset values have been reduced by a total of A$168 million, with the Real Estate Multi-Strategy Fund taking a A$47 mill
HSBC has bought HK$11 billion (US$1.4 billion) in loans from wholly owned subsidiary Hang Seng Bank to strengthen the unit's balance sheet amid property-related bad debts. The transfer, conducted on arm's length terms in the first half of the year, helped cut Hang Seng's impaired loan ratio to 4.6 p
SD Guthrie Bhd will seek shareholder approval on Oct 15 for the RM418.51 million sale of 556.96 acres of freehold land in Kulai, Johor, to Sime Darby Property. The plantation group expects a net gain of RM373.36 million from the disposal.
Globe Telecom plans to spend at least US$1 billion in 2027, mainly to expand its data-centre business as it bets on AI-driven demand. The carrier is also weighing a listing of its data-centre venture, which is set to grow capacity to 124 MW by 2029.
Gamuda Bhd's FY2026 net profit rose 5% to RM1.05 billion, driven by stronger construction earnings, while property sales fell 22% to RM3.2 billion. The group's order book stood at RM61 billion as at July 31.
Australian biotech firm CSL said on Tuesday it is collaborating with Amazon Web Services to apply AI and cloud technology across its research and clinical development pipeline. The partnership aims to speed up drug discovery and reduce manual workloads in data management and regulatory submissions.
Karyon Industries Bhd has completed the RM8.61 million cash acquisition of a freehold detached factory on industrial land in Bandar Seri Alam, Johor. The purchase, conducted via its subsidiary Hsing Lung Sdn Bhd, was funded through internal funds and bank borrowings.
BEDI Bhd announced that its RM38.87 million acquisition of two Sabah property companies from Bedi Development Sdn Bhd became unconditional on 28 Sept 2026. The deal covers Sejati Sentral (Sandakan) Sdn Bhd and FYT Land (KK) Sdn Bhd, which own commercial and residential projects in Sandakan and Kota
Ayer Holdings Bhd has proposed to buy two adjoining freehold land parcels along Jalan Kuchai Lama, Kuala Lumpur, for RM138 million cash in a related-party transaction. The purchase price is 4.83% below the RM145 million market value assessed by CBRE WTW Valuation & Advisory. The deal requires shareh
Paragon Globe Bhd has substituted the purchaser for two freehold land parcels in Tanjung Kupang, Johor, under its RM398.11 million disposal, following an internal restructuring within the DayOne group. The replacement buyer, DayOne Data Centers Malaysia I Sdn Bhd, assumes all rights and obligations
Paragon Globe Bhd has received Bursa Malaysia's approval to extend the deadline for submitting its draft circular on the proposed RM127.28 million acquisition of beneficial interests in freehold land in Sedenak, Johor. The new deadline is March 10, 2027, with no changes disclosed to the deal's terms
Sunsuria Bhd has proposed selling a 45.46-acre freehold commercial land parcel in Dengkil, Sepang to Amazon Data Services Malaysia Sdn Bhd for RM316.84 million cash. The group expects a one-off net pro forma gain of RM50.34 million from the disposal, which is subject to shareholder and regulatory ap
Malacañang has directed the Department of Public Works and Highways to conduct a more detailed investigation into a Taguig slope-protection project after Senator Panfilo M. Lacson questioned geotagged photographs in billing records that pointed to Leyte. Palace Press Officer Clarissa A. Castro clari
Singapore Prime Minister Lawrence Wong and Senior Minister Lee Hsien Loong offered condolences to former Malaysian prime minister Mahathir Mohamad after his wife, Dr Siti Hasmah Mohamad Ali, died on 28 Sep 2026 at age 100. Wong called her a pioneer in healthcare, education and social causes, while L
Thai billionaire Charoen Sirivadhanabhakdi's Asset World is transferring four hotels and an office complex worth at least 48.5 billion baht (US$1.44 billion) to a new real estate investment trust. The REIT, targeting an early 2027 listing, aims to attract both Thai and foreign investors and free up
Indian space startup TakeMe2Space will launch what it calls the country's first orbital computing satellite aboard a SpaceX rocket on Oct 1. The sub-50 kg MOI-1A spacecraft, carrying Nvidia edge-computing processors, has already signed 23 customers for the mission.
Chinese EV maker NIO has signed definitive agreements with Geely subsidiaries for a deal involving battery-swapping and charging businesses. Under the terms, a Geely unit will invest 640 million yuan and contribute its own swapping business for a stake in NIO Power, valuing the unit at about 16 bill
Ayala Corp. has launched Alagang Ayala, a social infrastructure platform that brings together its healthcare, education, community development and sustainability businesses. The initiative aims to support human capital development while strengthening the group's presence in sectors with sustained de
CapitaLand Investment plans to acquire the 550-room Ibis Hong Kong Central & Sheung Wan hotel for about HKD2.3 billion and convert it into student accommodation. The deal is among HKD8.2 billion in hotel transactions this year, with many properties being repurposed as Hong Kong faces a shortage of o
SK Hynix's US-based NAND flash and SSD subsidiary Solidigm is weighing an initial public offering that could value the unit at up to US$150 billion. Pitch meetings with investment banks began this week, and the company could raise US$15 billion in what would be one of the largest semiconductor IPOs
Japan’s Inpex has exercised pre-emptive rights to acquire JERA’s entire 0.735 per cent stake in the Ichthys LNG project in Australia, blocking a prior sale to MidOcean Energy. The deal lifts Inpex’s interest to 68.555 per cent, subject to Australian regulatory approvals.
The IMF has lowered its Philippine GDP growth forecast for 2026 to 3.4% from 3.9%, and for 2027 to 5.1% from 5.5%. The downgrade follows weak second-quarter growth and renewed shocks from the Middle East war, with the protracted property sector slowdown cited as a contributing factor.
Property developer KEB Bhd has signed an underwriting agreement with M&A Securities for its planned ACE Market debut. The IPO will involve shares offered to the Malaysian public and pink form allocations, with proceeds earmarked for land acquisition, working capital, and loan repayment.
Japanese automaker Suzuki Motor aims to halve the time it takes to develop new vehicles by around 2030, compared with fiscal 2020 levels. The company also targets a 30% increase in development efficiency and a 50% gain in production efficiency, and plans to expand annual production capacity in India
AREIT shareholders have approved a P17.3 billion property-for-shares transaction with Ayala Land and its subsidiaries, involving four malls and two hotels. The deal will see ALI subscribe to 462.48 million new AREIT shares at P37.48 each, raising AREIT's assets under management to P177 billion. The
ACEN Corp. has completed the divestment of an initial 10% voting interest in Tejorupa Renewables India Project Private Ltd. to Diamond India Renewables One B.V. The transaction, which closed on 23 Sept, is part of a proposed sale of up to 49% of the Indian solar project company.
President Donald Trump’s repeated calls for the US Federal Reserve to cut interest rates to 1% are impractical and would likely trigger global financial dislocation, analysts say. A 3-percentage-point reduction from the current 3.75%-4% range would push Treasury yields higher, weaken the dollar and
Vingroup has been ranked 340th in TIME’s World’s Best Companies 2026, jumping 477 places from 817th last year. The Vietnamese conglomerate remains the only company from Vietnam on the list, scoring 81 overall across revenue growth, employee satisfaction and sustainability transparency.
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.
Page 4 of 8 · 386 stories