UEM Sunrise
sells Melbourne serviced apartment for RM370.9m: High-profile Malaysian property developer, UEM Sunrise Bhd, on Thursday signed an agreement with Ascendas Hospitality Trust to sell the serviced apartment at the newly launched Aurora Melbourne Central in LaTrobe Street for A$120 million (RM370.9 million). — Bernama
Malaysia’s insurers strongly capitalised, says Fitch: Malaysia’s insurance and takaful sector is set to remain stable in 2016 as their strong capitalisation will support premium growth and cope with potential underwriting volatility as economic growth decelerates, says Fitch Ratings. — StarBiz
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