Record UK deal hints at strains in Malaysia's property sector
Kuala Lumpur
A SURPRISING proposal by two of Malaysia's largest state-owned investment funds to pay a record £1.6 billion (S$2.9 billion) to take over a development at London's famed Battersea power station is stirring talk of a financial bailout and raising questions over the health of the property sector back home.
Late last week, Permodalan Nasional Bhd (PNB) and the Employees' Provident Fund (EPF), state-owned entities with large stakes in dozens of listed entities in Mal…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely