Industry News Update (14 March 2023)

Wholesale and retail trade sales grew 12.4% in Jan 2023 — DOSM

Malaysia’s wholesale and retail trade grew 12.4% year-on-year (y-o-y) in January 2023 to record monthly sales value of RM135.1 billion, the Department of Statistics Malaysia (DOSM) said.

Sunway REIT confirms in talks to buy retail assets from EPF, to ink agreement ‘as soon as possible’

The manager of Sunway Real Estate Investment Trust (Sunway REIT) has confirmed that it is in talks to buy retail assets from the Employees Provident Fund (EPF), saying negotiation of terms are still in progress.

Approval of Penang South Islands project subject to EIA’s requirements – Nik Nazmi

The Penang South Islands (PSI) project will only be approved if it meets the stringent requirements of the environmental impact assessment (EIA) report, said Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad.