S-REITs and the regional REIT market, real estate funds, institutional mandates and cross-border transactions.
The Philippine Stock Exchange has ruled that Dominion Holdings' planned merger with two companies holding Sagittarius Mines is a backdoor listing. Trading in DHI shares was suspended from 26 Aug pending compliance with backdoor listing rules.
Scentre Group has received regulatory clearance to sell a 50% stake in Brisbane's Westfield Mt Gravatt to Australian Retirement Trust for A$882.5 million. The deal, which values the mall at A$1.74 billion, is set to close before 30 September and marks the latest in a series of asset joint ventures b
The Philippines Department of Public Works and Highways is proposing a P643.95-billion budget for 2027, up from P529.5 billion this year, to speed up feasibility studies for priority infrastructure. The agency is targeting completion of feasibility work by 2027 for the Sorsogon-Samar link and Leyte-
Sunsuria Bhd's net profit for 3QFY2026 more than doubled to RM19.02 million, driven by RM6.92 million in gains as KL City Gateway Sdn Bhd became a subsidiary. Quarterly revenue edged down 0.6% to RM176.97 million, while the group readies launches at Kwasa Damansara and its 9.66-acre KL transit-orien
MUI Properties Bhd slipped into a net loss of RM25.07 million in the fourth quarter ended June 30, 2026, hit by impairment and fair value losses and lower revenue. For the full financial year, however, net profit surged to RM83.42 million on the back of major land sales to Gamuda and Antmed.
WCT Holdings Bhd posted a 4% year-on-year drop in net profit to RM14.71 million for the second quarter ended June 30, 2026, as revenue fell 33% to RM370.32 million. The decline was driven by lower contributions from its property development and engineering and construction segments.
Berjaya Property Bhd posted a RM1.80 million profit attributable to owners in 4QFY2026, reversing a year-earlier loss, while revenue edged up to RM1.92 billion. The group remained loss-making on a consolidated basis due to non-controlling interests and impairments.
The proposal to join several southern islands into a larger western island offers a rare chance to assess environmental impacts over a 50-year horizon, argues NUS researcher Melissa Low. She calls for early public engagement and strategic environmental assessments before major land-use choices becom
CapitaLand India Trust has shifted S$204 million of Singapore-dollar debt into rupee borrowings in 2026 to reduce foreign exchange exposure as the Indian currency weakens. The move has boosted distribution-per-unit accretion by nearly 5 per cent. About 53 per cent of the trust's S$1.7 billion debt i
IJM Corporation reported a 43.7% rise in first-quarter net profit to RM137.4 million, driven by stronger construction activity. The group declared a 10 sen per share special dividend and said its construction division will perform strongly for the rest of FY2027, backed by a RM14.5 billion order boo
Chinese vacuum cleaner maker Dreame is winding down its electric-vehicle venture, codenamed "Star Project", reducing its workforce from nearly 1,000 to a few dozen staff. The move reverses plans announced just over a year ago to build luxury EVs and expand into showrooms in the Middle East.
OUE Ltd has proposed to privatise its healthcare subsidiary OUE Healthcare at an implied equity value of S$222.2 million, offering S$0.050 per share for the minority stake it does not already own. The offer represents a 28.2 per cent premium to the last traded price and aims to delist the Catalist-l
Horizon Industrial Parks, India’s largest industrial and logistics infrastructure developer, made a muted debut on Dalal Street with shares opening at a 0.4% premium after its INR 26 billion ($271.4 million) IPO. Proceeds will be used to repay borrowings.
Philippine shares closed lower on Tuesday, with the PSEi dropping 0.98%, as the unresolved Middle East conflict and a weakening peso weighed on sentiment. The property sub-index fell 0.26%, while Ayala Land bucked the trend with a 3.95% gain.
Australia’s Federal Court has found eHarmony engaged in misleading or deceptive conduct over its subscription services, including automatic renewals and pricing disclosures. The ACCC brought the case in September 2023, and penalties are yet to be determined.
The US Marine Mineral Administration has proposed auctioning deep sea mining leases for 28m hectares of seabed near the Northern Mariana Islands and Guam. Governors of both US territories have voiced strong opposition, citing insufficient environmental safeguards and risks to marine ecosystems.
The Securities and Exchange Commission is considering raising the P100-million minimum capital requirement for stockbrokers, which has been unchanged since 2001. Chairman Francisco Ed. Lim said the review follows incidents involving brokers with small capital bases and forms part of broader efforts
Premiere Island Power REIT Corp. expects revenue to remain at about 51% of last year's level for as long as lease agreements with S.I. Power Corp. remain suspended. The suspension stems from a dispute over SIPCOR's operating permits, which the Court of Appeals reversed but the Energy Regulatory Comm
Roxas and Company, Inc. has signed a P1.93 billion term loan agreement with China Banking Corp. to refinance existing obligations and fund general corporate purposes. The company's attributable net loss narrowed in the second quarter and first half of 2026.
Sime Darby Property Bhd reported a net profit of RM322.04 million for the second quarter ended June 30, 2026, more than double the RM143.54 million a year earlier, driven by improved performance in property development and investment segments. Revenue rose 9.3% year-on-year to RM1.16 billion, and th
Chinese smartphone maker Xiaomi on Monday launched the Xring O3, its second-generation in-house smartphone processor. TSMC will manufacture the chip using 3-nanometre technology, sources said, with Xiaomi targeting 200,000 to 300,000 units for its upcoming flagship folding phone.
Singapore's core inflation rose to 2 per cent year-on-year in July, up from 1.6 per cent in June, driven by higher electricity and gas, services and food inflation. The Monetary Authority of Singapore and Ministry of Trade and Industry said core and overall inflation are projected to average 1.5 per
Hektar REIT is asking unitholders to approve the RM125 million acquisition of a leasehold interest in part of a freehold site in Setapak, Kuala Lumpur, housing KYS KL East International School. The deal includes existing school buildings and a new seven-storey block to be built, with the purchase pr
Eastern & Oriental Bhd reported a 27.9% year-on-year increase in net profit to RM58.11 million for the first quarter ended June 30, 2026, driven by higher revenue recognition from its property development projects. Revenue surged 53.4% to RM281.47 million, while property sales more than doubled to R
OCBC raised its rating on City Developments Limited (CDL) to 'buy' from 'hold' after the developer's first-half net profit more than tripled. Analysts are also watching for the outcome of CDL's strategic review, expected by end-September.
Fast-fashion retailer Shein began book building for a Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of up to $26.81 billion. The company is offering 280 million shares at HK$47.60 to HK$49.50 each, with pricing set for 31 August and trading starting 1
China's manned space agency has delayed the Chang'e-7 lunar probe mission, citing that launch conditions were not met. The decision comes less than two weeks after a Long March 7A rocket carrying a communications satellite exploded shortly after liftoff from the same Hainan launch site.
Economists say the Philippines must broaden its growth drivers beyond consumption and services to become more resilient to external shocks and reach high-income status. They call for investment in manufacturing, agribusiness, renewable energy and digital services, alongside stronger workforce skills
The Philippine Department of Transportation received six bids for the rehabilitation of Tacloban Airport and seven for the development of Busuanga Airport. The combined project value is P1.24 billion, with bidding deadlines set for 2 Sep 2026.
The Enforcement Directorate has filed a sealed cover status report in a New Delhi court on its investigation into DLF’s role in the Shikohpur land deal, seeking more time to complete the probe. The court expressed displeasure that a specific query from April 15 remains unanswered and has directed th
Starcloud, a startup developing orbital data centres, has raised US$250 million in a funding round that values it at US$2.3 billion. The round was led by Manhattan West with participation from Nvidia and Cisco Investments, and the company plans to expand AI infrastructure in space.
CapitaLand Investment and IOI Properties are planning a joint venture to acquire One Raffles Place, one of Singapore’s tallest towers. The complex, valued at about S$2.37 billion, comprises two office towers and a retail mall in the central business district. UOB is expected to retain its current sp
Pesona Metro Holdings Bhd posted a 46.7% rise in net profit to RM13.67 million for 2QFY2026, driven by stronger contributions from property development subsidiary Gaya Kuasa Sdn Bhd. Revenue grew 46.2% to RM255.56 million as project completion and sales picked up.
Tatyana Kim, the former English teacher who co-founded e-commerce platform Wildberries, is now Russia's richest woman with an estimated net worth of US$8.1 billion. The company, launched in 2004 from her Moscow apartment, generated US$9 billion in 2024 revenue and serves more than half of Russia's p
Lagenda Properties Bhd posted a 25% rise in net profit to RM56.57 million for the second quarter ended June 30, 2026, driven by a 40.8% increase in revenue to RM336.24 million. The group’s property development segment saw revenue jump 47.2% to RM288.76 million, supported by higher recognition from p
Radium Development Bhd’s net profit rose to RM7.01 million in 2QFY2026 from RM785,000 a year earlier, driven by higher work progress at its ongoing projects. Revenue grew 75% to RM74.62 million, and the group plans a joint-venture launch in Kepong with an estimated GDV of RM403 million.
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