Daily Industry News Update (13 December 2020)

INDUSTRY NEWS (13 DECEMBER 2020)

Highest return on equity over three years: Property (RM3 billion and above market capitalisation): UOA Development Bhd – Chugging along in difficult times

In the doldrums for many years now, the property industry lacks investor interest. Although it may seem a “boring” sector at times — especially after the property boom between 2010 and 2015 — it is worth noting that there are developers that work hard to justify the trust that…

Malaysia cannot remain closed for too long – Ismail Sabri

The government cannot be closing the country indefinitely and not allowing the people to move freely, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri. “In the end, we need to allow them to be free as Covid-19 will always be around us like dengue and so on,” he

Report: Menara MIDF sold to Singapore-based group

Permodalan Nasional Bhd (PNB) has sold Menara MIDF in Jalan Raja Chulan to Singapore-based JD Hospitality Sdn Bhd, The Edge Malaysia reported in its latest issue. The weekly said that sources told it that the deal “was done at RM140 million or RM875 psf” and “took more