KULAI: A bus driver was killed while 12 of his passengers were injured in a three-vehicle pile-up at KM49.4 of the North-South Expressway (Southbound) here.
’s net profit for the second quarter ended June 30, 2024 jumped to RM145.07 million from RM72.19 million a year ago.
Commenting on the results, Sunway REIT said revenue of the retail segment improved by five per cent or RM12.9 million, bringing it to RM250.0 million for the 2Q 2024. As for its hotel segment, the revenue increased by seven per cent or RM2.4 million to RM38.3 million for the quarter attributable to the overall improvement in tourism activity and the inflow of foreign tourists evidenced by the increase in average occupancy rate of the hotel segment to 62 per cent from 60 per cent previously.
On its outlook, Sunway REIT said the supply of retail malls in Malaysia will rise further in 2024, and while this represents new competition, the new retail malls could add depth and breadth to retail offerings and elevate Malaysia’s position as a retail destination.
Sunway REIT Real Estate Property Retail Malls
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