<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue edged slightly higher by 0.14% higher to RM71.81 million from RM71.71 million, its Bursa Malaysia filing showed on Friday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Axis REIT also declared a third interim income distribution of 2.15 sen per unit, payable on Dec 15.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the nine-month&nbsp;period ended on Sept 30 (9M2023), Axis REIT’s NPI declined by 2.1% to RM179.27 million from RM183.12 million while revenue fell by 0.23% to RM210.44 million from RM210.91 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>On a quarterly basis, the group’s NPI came in 6.3% higher from RM57.66 million recorded in the immediate preceding quarter (2QFY2023) while revenue increased by 4.91% from RM68.45 million in 2QFY2023.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Moving forward, Axis REIT highlighted it is optimistic that it will be able to maintain its current performance and it will continue to pursue quality investments in the future.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Axis REIT closed one sen or 0.56% higher to RM1.80, giving it a market capitalisation of RM3.13 billion.&nbsp;</p></div>


Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) increased marginally by 0.67% to RM61.9 million compared with RM61.49 million, on the back of higher property income.

Axis REIT 3Q NPI inches up to RM62 mil, declares 2.15 sen income distribution 

KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.

MOH does not take lightly resignation of over 6,000 doctors over past five years — Dzulkefly

KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.

PM conveys country’s development, direction, policies, current and future issues to media practitioners

KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.

Sarawak Energy: Partial power outage fully restored

(Dec 21): The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.

Biden mulls tariff break for solar modules from Mexico

Among all precious gems, diamonds are one of the most sought after and prominent — for good reason. It is their rarity, durability and beauty that inspire the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

Light fantastic

Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.

Moving further into industrial parks

Pahang Islamic Affairs, Rural Development, and Orang Asli Affairs Committee chairman Datuk Seri Syed Ibrahim Syed Ahmad has confirmed that a video alleging the allocation of durian plantation land in Pahang to retired soldiers is fake.

Video alleging durian land allocation is actually Skim Tanah Rakyat land rights handover, says Pahang MP's rep

The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.

Direct route from Chennai elevates Penang as key regional air travel hub, says exco

The world’s biggest stablecoin issuer, Tether Holdings Ltd, is on track to close the year with more than US$10 billion (RM45.07 billion) in net profits, chief executive officer Paolo Ardoino said in an interview.

World’s largest stablecoin issuer Tether sees US$10b in net profits for 2024

BNP Paribas SA finalised the €5.1 billion (US$5.3 billion or RM24.0 billion) purchase of Axa SA’s asset management unit, in the biggest acquisition under chief executive officer Jean-Laurent Bonnafe.

BNP Paribas signs €5.1b deal to buy Axa’s asset manager

<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>


<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>
