Pandemic remains cloud hanging over real estate sector themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: While investor sentiment is expected to improve as vaccination rates increase, short-term risks, including the evolving pandemic environment and potential financial shocks from tighter liquidity, may keep the local bourse in a prolonged consolidation phase.
Although the FBM KLCI closed 2.07 points higher yesterday at 1,514.60 amid talk of economic reopening, year-to-date, the index has declined some 6.9%. Daily new Covid-19 cases remain close to record highs, weighing on consumer sentiment.
Notably, more speed bumps are emerging and underlying political risks point to a possibility of continued volatility in the market. Additionally, a “recovery scenario” may have already been priced in, said RHB Research.
FTSE4Good Bursa Malaysia Index sees six new inclusions, four deletions in June review theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
As predicted by analysts, Mr DIY Group (M) Bhd will be included in the benchmark FBM KLCI index while Supermax Corp Bhd has been excluded following the semi-annual review of the index constituents.
IOI Properties gets Marriott to manage signature hotels in Putrajaya 20 May 2021 / 23:54 H. Lee (seated, right) and Marriott International president, Asia Pacific excluding Greater China, Rajeev Menon signing the agreements. Standing are, from left, Marriott International vice president & assistant general counsel, legal, Asia Pacific Karen Eu; area vice president, Singapore, Malaysia and Maldives Rivero Delgado; and senior director, hotel development, Asia Pacific, Andree Susilo.
PETALING JAYA: IOI Properties Group Bhd has entered into agreements for Marriott International Inc to manage two of its signature hotels in IOI Resort City, Putrajaya – Putrajaya Marriott Hotel and Palm Garden Hotel.
Putrajaya Marriott Hotel will be converted from its existing franchise arrangement into a managed contract under the premium brand, while Palm Garden Hotel will be managed by Marriott International under the Tribute Portfolio brand.