GENERAL

Domino’s Pizza inks MoU with MASwings as First QSR to Serve Pizzas to Passengers

 |  Tuesday, 13 November 2018 17:34  |  Published in GENERAL

Recently marks a momentous occasion for pizza lovers and flight users all over Sabah. Domino’s Pizza and MASwings Sdn Bhd inked a Memorandum of Understanding (MoU) for various initiatives to be undertaken in collaboration especially for the land below the wind.

The MoU is part of Domino’s efforts to spread its love to the people in Sabah, not only in Kota Kinabalu where it currently has three stores but to provide a pizza experience to those travelling to other cities from Kota Kinabalu such as Sandakan and Lahad Datu.

UOB and Grab form strategic regional alliance to accelerate the use of digital services among ASEAN’s consumers

 |  Tuesday, 13 November 2018 10:25  |  Published in GENERAL

United Overseas Bank Limited (UOB) and Grab yesterday announced they have entered into a strategic alliance to accelerate the use of digital services among ASEAN’s growing base of digital consumers.

The alliance will enable UOB to deliver financial services to Grab’s ASEAN-wide user base and to accelerate the Bank’s efforts to meet the needs of the region’s fast-growing ‘mobile-first’ and ‘mobile-only’ consumers. It will also pave the way for Grab to offer directly from its app a number of payment solutions from the Bank’s holistic suite.

Malaysian REIT Managers Association Applauds Government’s Pioneering World’s First Airport REIT

 |  Tuesday, 13 November 2018 10:22  |  Published in GENERAL

The Malaysian REIT Managers Association (MRMA) applauds the measures announced in Budget 2019 which augur to propel growth of Malaysia’s real estate investment trust (REIT) market with positive spillover to the capital market in the country.

The proposed world’s first Airport REIT is a strategic way to unlock the country’s aviation infrastructure value, creating a sustainable structure to fund the airports’ future capital expenditure and expansion as well as igniting capital market interest. The Government hopes to raise RM4 billion from disposal of a 30% stake in the Airport REIT. Imputing a certain leverage level, the property value for the REIT is estimated to be just below RM20 billion that is to be injected into the proposed REIT. This may position the REIT as one of the largest REITs in Malaysia (M-REITs) and simultaneously boost M-REITs combined property value by 35% to above RM70 billion.


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