<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 29): Global Logistic Properties ( Financial Dashboard) is expanding its funds under management in Japan by 29% to a total of US$2.2 billion ($2.8 billion), a day after it announced it was expanding the size of its funds in Brazil by US$1.5 billion.</p></div>

<div class=newsTextDataWrapInner><p>GLP, the provider of modern logistics facilities in China, Japan and Brazil, today announced the expansion of GLP Japan Development Venture, its 50:50 joint venture with Canada Pension Plan Investment Board (CPPIB) to develop modern logistics properties in Japan.</p></div>

<div class=newsTextDataWrapInner><p>Each partner will contribute an additional JPY15 billion (US$176 million) of equity to bring the total venture size to US$2.2 billion when fully leveraged and invested. The investment identification period has also been reset for a further three years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Following the announcement, the venture, which was started in 2011 by both GLP and CPPIB, will have an investment capacity of US$800 million.</p></div>

<div class=newsTextDataWrapInner><p>GLP Japan Development Venture will be used to develop GLP Soja II, a 840,000 sq ft multi-tenant logistics facility in Okayama prefecture, Western Japan. Having started construction in 2Q FY2015, the total development cost is estimated to be JPY9.6 billion.</p></div>

<div class=newsTextDataWrapInner><p>GLP Soja I was the first development to be funded by the GLP Japan Development Venture.</p></div>

<div class=newsTextDataWrapInner><p>GLP closed 0.4% lower at $2.72 yesterday.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


SINGAPORE (Oct 29): Global Logistic Properties ( Financial Dashboard) is expanding its funds under management in Japan by 29% to a total of US$2.2 billion ($2.8 billion), a day after it announced it was expanding the size of its funds in Brazil by US$1.5 billion.

GLP, the provider of mo...

GLP expands funding base to $2.8 billion in Japan

(Sept 12): Thailand’s new prime minister has a roadmap to deal with the most pressing issues ranging from a near-record household debt to a tepid growth rate and an ageing society. But the plan is short on details that would ensure time-bound outcomes, according to economists.

New Thai PM’s reform agenda lacks specifics, economists say

For parents whose children have challenges in attending national schools or who want to elevate their potential where the default private education system is beyond their reach and are on the lookout for an alternative route, Sekolah Anak Malaysia or SAM may well be the answer.

SAM is M...

Edunation: Alternatively, Sekolah Anak Malaysia beckons

Umno has decided to collaborate with Pakatan Harapan (PH) for the next Sabah election, said party president Datuk Seri Dr Ahmad Zahid Hamidi.

He said this decision, jointly finalised by both central and Sabah Umno, is seen as the best approach to strengthening the administration of the unity government.

Zahid: Umno to cooperate with PH in Sabah election to strengthen unity govt

Australia said it will fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online, joining a worldwide push to rein in borderless tech giants but angering free speech advocates.

Australia threatens fines for social media giants enabling misinformation

Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Selection still open for KL-Singapore high-speed rail technology provider — MyHSR CEO

(Sept 12): Alberto Fujimori, the former president of Peru who oversaw the defeat of Maoist terrorists, tamed hyperinflation and continued to loom large over national politics after being imprisoned for his role in killings by death squads, has died. He was 86.

Alberto Fujimori, authoritarian behind Peru rebound, passes away at 86

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

High Court grants stay over registration of Semantan Estate

Any decision on the proposal to make halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the issue should not be turned into polemics, as it is still in the proposal phase and had yet to become a permanent policy.

Conference of Rulers to have final say on mandatory halal certification, says Zahid

SINGAPORE (Sept 12): Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers.

In likely the last major speech of an ambitious 12-day tour across Southeast Asia a...

Pope Francis, in Singapore, urges fair wages for migrant workers

If steep interest rate hikes failed to slow the US economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.

'Blunt' interest rates pose questions about Fed easing

<p>Concorde Hotel Kuala Lumpur "is not for sale" by its owners and shareholders, said Tan Sri Sallehuddin Mohamed, chairman of its owner Ampang Hotel Sdn Bhd.</p>

<p>In a statement, Sallehuddin said the shareholders "are satisfied with our progress and the direction we are taking" for the hotel.</p>


Concorde Hotel KL not for sale, says owner

<p>Southeast Asian equities have cemented their position as a favourite play of money managers positioning for the US Federal Reserve’s (Fed) policy pivot.</p>

<p>Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.</p>


Global funds rush into Malaysian, Southeast Asian stocks as Fed pivot play

<p>A former aide to Prime Minister Datuk Seri Anwar Ibrahim was charged with drug trafficking at the Magistrate's Court in Kuala Lumpur on Thursday.</p>

<p>Muhammed Yusoff Rawther, who has an ongoing sexual assault suit against Anwar, was charged with one count of trafficking 305 grammes of cannabis at the Kuala Lumpur Police Contingent Headquarters' surau last Friday.</p>


Anwar's former aide, who is suing PM for sexual assault, charged with drug trafficking

<p>Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after US&nbsp;core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve (Fed) next week.</p>


Asian shares up on Wall St tech boost; dollar extends gains on yen

<p>A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data.</p>


Stocks wipe out CPI-fuelled slide as Big Tech jumps

<p>Sales of Mazda and Kia vehicles are expected to pick up in the months ahead as analysts shrugged off Bermaz Auto Bhd’s (KL:BAUTO) weaker-than-expected quarter.</p>


Volume-heavy Mazda cars, 10% dividend yield set to prop up Bermaz Auto after weak quarter

<p>In the second quarter of 2024 (2Q2024), Malaysia's retail sales decelerated to 0.6%, falling short of market expectations, according to Retail Group Malaysia (RGM).</p>

<p>In June, members of the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) projected a growth rate of 1.7%, making the actual result 65% below the estimate.</p>


Malaysian retailers point to 2Q growth slowdown amid rising prices, weak sentiment

<p>China is turning up the heat on its army of 8,700 investment bankers.&nbsp;</p>

<p>After being forced to take big&nbsp;pay cuts&nbsp;and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster.&nbsp;</p>


China detains investment bankers, takes passports in corruption sweep

<p>The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.</p>


<p>Chinese hotpot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.&nbsp;</p>


Chinese hotpot chain plans US expansion to escape slump at home

<p>Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).</p>


Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

<p>KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.</p>


BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

<p>Grand Venture Technology (GVT) has confirmed that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia.</p>


Grand Venture Technology confirms plans for secondary listing on Bursa

<p>First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates.</p>


Red Sea crisis produces winners and losers in Asia as freight rates spike

<p>Oil attempted to mount a recovery from its plunge to the lowest level in more than two years, with traders weighing intensifying concerns about looming oversupply.</p>


Oil rebounds after slumping to lowest level since 2021

<p>Signs of gloom are mounting in the US$9.50 trillion (RM41.21 trillion) exchange-traded fund (ETF) landscape, threatening to expose Wednesday’s dip buying in stocks as a head-fake with traders cashing out of speculative trading vehicles.</p>


Bearish signals flash in risky parts of US$9.5 tril ETF market

<p>Huawei's new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple&nbsp;despite&nbsp;US&nbsp;sanctions&nbsp;— even if many are balking at the phone's US$2,800 (RM12,135) price tag.</p>


Huawei's Mate XT stirs Chinese pride and US$2,800 price tag

<p>Any decision&nbsp;on the proposal to make&nbsp;halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.</p>

<p>He said the&nbsp;issue should not be turned into polemics, as it is still in the proposal phase and had yet to become&nbsp;a permanent policy.</p>


<p>(Sept 12):&nbsp;Alimentation Couche-Tard Inc&nbsp;is discussing improving its takeover proposal for Seven &amp; i Holdings Co, Ltd,&nbsp;with the goal of convincing the Japanese convenience store operator to start engaging in discussions, people with knowledge of the matter said.&nbsp;</p>


Couche-Tard discussing higher price for 7-Eleven owner — Bloomberg

<p>Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.</p>
