S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
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.
SEC Chairperson Francisco Ed. Lim urged financial executives to introduce companies to the capital market earlier, as the Philippines lags regional peers with 279 listed firms and no IPOs in 2026. He called on FINEX members to help entrepreneurs view the capital market as a growth platform.
The Commission on Audit found a P31-billion discrepancy between NIA's general ledger and physical inventory, and P22.8 billion in assets lacking property records. Deficiencies also left 45,783.9 hectares of farmland without operational irrigation, with 63 contracts worth P7.7 billion damaged or defi
Nvidia-backed CoreWeave plans to raise US$3 billion through a convertible debt offering to fund AI infrastructure. The neocloud also launched an at-the-market stock sale program for up to 35 million shares, potentially raising about US$2.92 billion.
Lagenda Capital, a wholly-owned subsidiary of Lagenda Properties, has completed its first RM475 million issuance under a RM1.5 billion sukuk wakalah programme. Proceeds will fund Shariah-compliant inter-company advances for affordable housing developments and working capital.
The US Federal Reserve raised its benchmark rate by 25 basis points to 3.75-4 per cent on Sep 16, its first increase since 2023, citing stubborn inflation. Analysts are split on whether further hikes will follow, with implications for Asian currencies and Singapore mortgage rates.
Glomac Bhd posted a net profit of RM7.6 million for the first quarter ended July 31, 2026, reversing a net loss of RM1.42 million a year earlier. Revenue surged 163% to RM68.53 million on higher property development activity, though sequential performance weakened.
More than 480 acres have been reclaimed for the planned 2,300-acre Silicon Island off Penang, with RM1.9 billion invested to date. The figures, released by Pulau Tikus assemblyman Joshua Woo Sze Zeng, mark three years since reclamation began in September 2023.
MP Global Realty Sdn Bhd and EdgeProp Malaysia have signed a memorandum of understanding to promote property data, market intelligence and digital technology in Malaysia's real estate sector. The partnership aims to enhance the capabilities of real estate professionals and support informed decision-
Alphex Realty has formalised strategic collaborations with EdgeProp and law firm Manjit Singh Sachdev Mohammad Radzi & Partners at its grand opening in Petaling Jaya. The move supports the platform's goal of fostering industry cooperation and partner growth, building on Alpha Group's track record.
Anthropic is merging the chat and Cowork features of its Claude AI assistant into a single interface and launching new document and presentation tools, Claude Docs and Claude Slides in beta. The move follows OpenAI's July launch of ChatGPT Work, as the two IPO-bound firms compete for enterprise and
Chinabank Research warns the DoF's proposed sin taxes could raise sugary drink prices by around 30% and push 2027 inflation above the BSP's 4% ceiling, reaching up to 4.5%. Nomura also raised its inflation forecasts on oil price pressures.
The Philippines is projected to be Southeast Asia's second fastest-growing major economy, with average annual GDP growth of 5.8% from 2026 to 2035, according to a Bain & Company, DBS Group Holdings and Vriens & Partners report. Only Vietnam, at 6.2%, is expected to grow faster among the six major re
Alternergy Holdings Corp. plans to raise P2 billion through its maiden green fixed-rate notes issue in the Philippine debt capital market. Proceeds will support pre-development of projects awarded under the government's fourth Green Energy Auction.
Payment infrastructure provider HitPay has launched CFO Stack, a suite of financial tools for SMEs, starting with B2B collections via Virtual Accounts. The feature is now live in Singapore and the Philippines, with BillPay, Payroll and Spend Management to follow in later phases.
The government has fully secured the station-area right-of-way for the NAIA Terminal 3 station of the Metro Manila Subway Project, clearing a key requirement for construction. President Ferdinand R. Marcos Jr. announced the milestone at the groundbreaking for Contract Package 109, which covers the u
The Philippine Department of Transportation is inviting consultants for feasibility studies and master plans for three airport projects. The contracts cover the new Surigao Airport and the Cagayancillo and Taytay airports, with a combined budget of P158.16 million.
Novo Nordisk has partnered with Anthropic to use its Claude models to accelerate drug discovery and development. The Danish drugmaker will deploy the AI in research workflows and software development, building on existing use of Claude to cut trial report generation from months to minutes.
India's National Stock Exchange will launch its US$2.3 billion public offering on Sep 16, pricing shares 15-20 per cent below earlier roadshow expectations amid declining derivative trading volumes. The offer values the bourse at US$46 billion, with subscriptions opening Thursday and closing Sep 21.
Malaysia's government has approached Malaysia Airlines and Batik Air about taking over AirAsia's routes and passengers, as it monitors the budget carrier's financial health. The two airlines are willing to expand organically but would only take on AirAsia's operations on a large scale if they could
Singapore launched more than 200 AI-related training courses on Sep 16, with eligible citizens receiving six-month free subscriptions to premium AI tools. The Skills and Workforce Development Agency also opened Connect by SWDA, a one-stop careers and skills centre at the Lifelong Learning Institute.
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