Daily Industry News Update (15 December 2020)


Newsbreak: Speculation rife about ex-Boustead MD Amrin heading to UEM Sunrise

FORMER managing director of Boustead Holdings Bhd Datuk Seri Amrin Awaluddin might be heading to UEM Sunrise Bhd to become its MD/CEO, say sources. Amrin is slated to fill the seat after the resignation of Anwar Syahrin Abdul Ajib in October, people familiar with the…

Worst is over for property

The worst is over for Malaysia’s property, with major impairment on unsold inventories having been mostly done over the last nine months. Maybank Investment Bank Bhd (Maybank IB) said positioning the sector for recovery is in line with better economic outlook in 2021.

Industrial property boon for Sime Darby

Sime Darby Property Bhd may surprise on the upside in 2021 as its kitchen-sinking exercise in 2020 puts it operationally on cleaner ground, says Maybank Investment Bank Research. “Its new engine of growth i.e. industrial properties should benefit from rising e-commerce active…

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