May 2023

IGBCommercialREIT

IGB REIT’s 1Q property income up 10% as rental earnings climb; pays 2.80 sen DPU

IGB Real Estate Investment Trust (IGB REIT), which operates the Mid Valley Megamall and The Gardens Mall here, posted a net property income of RM118.56 million for the first quarter ended March 31, 2023 (1QFY2023), up 10% from RM107.71 million in the same quarter a year ago, as the REIT recorded higher rental income. Revenue grew 15.55% to RM154.62 million from RM133.81 million,...

PAN BORNEO lpr

Pan Borneo: R&R Jelukong being built for convenience of users from Sibu to Bintulu

The Works Ministry is building a rest and recreation (R&R) stop in the Jelukong area in Lubok Antu, as well as a lay-by in Sungai Semanok, Bintulu for the convenience of users of the Pan Borneo Highway between Sibu and Bintulu. Deputy Works Minister Datuk Seri Abdul Rahman Mohamad said that in addition to providing basic facilities for road users to rest and pray, local entrepreneurs can...

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