<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 23): Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2023 (4QFY2023) increased by 6.3% to RM66.16 million from RM62.22 million a year ago, on the back of higher revenue.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue edged up by 6.5% to RM75.6 million from RM70.98 million in the previous corresponding quarter, as indicated in its bourse filing on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The REIT, which focuses on industrial assets, declared a final interim income distribution of 2.4 sen per unit, payable on Feb 29.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the full financial year, Axis REIT's NPI increased by 0.4% to RM245.43 million from RM245.34 million, while revenue rose by 1.46% to RM285.99 million from RM281.89 million.</p></div>

<div class=newsTextDataWrapInner><p>On a quarterly basis, the group's NPI came in 6.5% higher than the RM61.32 million recorded in the immediate preceding quarter (3QFY2023), while revenue increased by 5.1% from RM72.06 million in 3QFY2023.</p></div>

<div class=newsTextDataWrapInner><p>Looking ahead, the group expressed optimism that the satisfactory performance of its existing property portfolio and its growth strategy to actively pursue quality investments would enable it to maintain its current performance for the coming financial year.</p></div>

<div class=newsTextDataWrapInner><p>Axis REIT units settled one sen or 0.56% lower at RM1.77, valuing the group at RM3.09 billion.</p></div>


Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2023 (4QFY2023) increased by 6.3% to RM66.16 million from RM62.22 million a year ago, on the back of higher revenue.

Axis REIT's 4Q NPI rises 6.3% to RM66m, declares 2.4 sen income distribution

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

US debt load tops Fed’s survey of financial stability risks

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

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The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

Increased assistance provided to M'sians under Madani govt, says Anwar

<p>The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.</p>


<p>The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the <em>Nikkei </em>newspaper reported on Saturday.</p>


<p>China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.</p>


<p>The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Govt to disregard 'trivial' statements as it focuses on development — PM

<p>The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.</p>


<p>The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysians won't be burdened by economic reforms, says Anwar

<p>There is still no evidence to show that the pollution at Pantai Esen in&nbsp;Permatang Damar Laut, Batu Maung&nbsp;near here is due to reclamation works for the man-made Silicon Island.</p>


<p>(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.</p>

<p>“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

<p>The European Union (EU), US and other wealthy countries at the&nbsp;COP29&nbsp;climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told <em>Reuters </em>on Saturday.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.</p>


<p>Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.</p>
