Daily Industry News Update (13 May 2022)

Hike in interest rates will weaken consumer spending, affect REIT sector, says AmInvestment

AmInvestment Bank foresees a decline in consumer spending ahead due to higher-than-expected interest rates and inflationary pressures, which will in turn affect the improvement of the real estate investment trust (REIT) sector.

Kein Hing to construct RM5m factory in Vietnam as part of future expansion plans

Kein Hing International Bhd on Thursday announced it has awarded an RM5 million construction contract to a third party main contractor in Vietnam for the proposed construction of