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THE political upheaval in Hong Kong that has been happening since June is seeing a particular favourite of global institutional investors – Singapore-listed real estate investment trusts (S-REITs) – being hit.
MEI, in her late 50s, wants to buy a flat. She is currently renting. During her early 30s, she had worked for a well-known developer who was building a RM60,000 apartment unit. Her manager warned her against buying it.
BURSA Malaysia’s target of getting 40 new listings next year is commendable. While the local bourse is perceived to be lagging behind its counterparts in countries like Singapore and Hong Kong, there are some facts about Bursa which are impressive.
PETALING JAYA: Property development company JAKS Island Circle Sdn Bhd (JIC) has missed the Star Media Group Bhd’s (SMG) deadline for payment of over RM1.5mil in regard to a legal dispute, after failing to stay a court order to pay.
KUALA LUMPUR: The US-China trade spat has adversely affected global trade and caused Malaysia’s gross domestic product (GDP) growth to decelerate to 4.4% in the third quarter of this year.
MUMBAI: India’s Supreme Court has refused to lift the block on completion of the takeover of embattled hospital chain Fortis Healthcare Ltd by IHH Healthcare Bhd, the latest twist in one of the country’s most contentious and long drawn out corporate battles.
The upcoming listing of the world’s largest company in terms of market capitalisation and profitability has indeed come at a time when we in Malaysia should perhaps be asking the same question – should we list Petronas on Bursa Malaysia?
THE Indian economy continues to slow. The monthly Index of Industrial Production fell to an eight-year low in the month of September, contracting by over 4%. According to India’s central bank, growth in bank credit to industries in the same month fell to 2.7%, the lowest in a year. While the numbers for services are a little better, even they stand at a two-year low.
MALAYSIA’S only company in the Fortune 500 list has sometimes been touted as a listing candidate for the government – if it needs to raise funds.
THERE has to be structural changes to the housing sector if it is to climb out of its current malaise, two industry sources say.