Latest news with #RM2.74
Barnama
12-06-2025
- Business
- Barnama
Heitman Secures HESTA Investment For European Alternative Real Estate
BUSINESS KUALA LUMPUR, June 12 (Bernama) -- Heitman LLC (Heitman), a global real estate investment management firm, has announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care. Heitman in a statement said this investment establishes the company as one of HESTA's largest international property investment managers. 'Unlike the traditional property types, the alternative sectors are driven by needs-based demand and are undersupplied, making them less tied to economic cycles. 'We believe this makes them an attractive way to benefit from the price reductions available in Europe whilst mitigating exposure to uncertain economic conditions,' said Heitman Managing Director, European Real Estate Investment, Caleb Mercer. Meanwhile, HESTA Head of Portfolio Management, Jeff Brunton said: 'The new allocation with Heitman will support us to continue to build a well-diversified portfolio of property investments designed to help deliver strong long-term returns for our more than one million members.' With over one million members and approximately AUD$93 billion of funds under management, HESTA is one of Australia's largest superannuation funds dedicated to health and community services. (AUD$1 = RM2.74) HESTA is an existing investor with Heitman through its United States core investment strategy. HESTA's new investment adds to Heitman's footprint in Australia, with Heitman currently managing AUD$8.4 billion across real estate equity and debt strategies. Founded in 1966 and globally headquartered in Chicago, with European headquarters in London, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets. -- BERNAMA
New Straits Times
04-06-2025
- Business
- New Straits Times
Ron 97, diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The retail price of RON97 petrol in Peninsular Malaysia will be reduced by three sen to RM3.07 per litre from June 5 to 11, 2025, in line with the drop in global oil market prices, according to the Finance Ministry (MOF). In a statement today, the Finance Ministry also announced that the retail price of diesel in Peninsular Malaysia will similarly be reduced by three sen to RM2.74 per litre for the same period, while the price of RON95 petrol remains unchanged at RM2.05 per litre. "The retail price of diesel in Sabah, Sarawak and Labuan will also remain at RM2.15 per litre," said the ministry. The weekly pricing of petroleum products is determined using the Automatic Pricing Mechanism (APM) formula, taking into account current global crude oil market trends. The statement also noted that the government will continue to take appropriate measures to ensure the welfare and well-being of the people are safeguarded. — BERNAMA
The Sun
04-06-2025
- Business
- The Sun
RON 97, diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The retail price of RON97 petrol in Peninsular Malaysia will be reduced by three sen to RM3.07 per litre from June 5 to 11, 2025, in line with the drop in global oil market prices, according to the Ministry of Finance (MOF). In a statement today, MOF also announced that the retail price of diesel in Peninsular Malaysia will similarly be reduced by three sen to RM2.74 per litre for the same period, while the price of RON95 petrol remains unchanged at RM2.05 per litre. 'The retail price of diesel in Sabah, Sarawak and Labuan will also remain at RM2.15 per litre,' said the ministry. The weekly pricing of petroleum products is determined using the Automatic Pricing Mechanism (APM) formula, taking into account current global crude oil market trends. The statement also noted that the government will continue to take appropriate measures to ensure the welfare and well-being of the people are safeguarded.
The Sun
04-06-2025
- Business
- The Sun
ON 97, diesel prices in Peninsular Malaysia down by 3 sen
KUALA LUMPUR: The retail price of RON97 petrol in Peninsular Malaysia will be reduced by three sen to RM3.07 per litre from June 5 to 11, 2025, in line with the drop in global oil market prices, according to the Ministry of Finance (MOF). In a statement today, MOF also announced that the retail price of diesel in Peninsular Malaysia will similarly be reduced by three sen to RM2.74 per litre for the same period, while the price of RON95 petrol remains unchanged at RM2.05 per litre. 'The retail price of diesel in Sabah, Sarawak and Labuan will also remain at RM2.15 per litre,' said the ministry. The weekly pricing of petroleum products is determined using the Automatic Pricing Mechanism (APM) formula, taking into account current global crude oil market trends. The statement also noted that the government will continue to take appropriate measures to ensure the welfare and well-being of the people are safeguarded.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
IOI Corp 3Q net profit more than doubles on higher palm product prices
IOI Corp Bhd's net profit for the third quarter ended March 31, 2025, surged to RM262.3 million, more than doubling from RM123.1 million a year earlier, driven by higher crude palm oil (CPO) and palm kernel prices. Quarterly revenue rose 11.1% to RM2.74 billion despite lower fresh fruit bunch production and oil extraction rates in the plantation segment. For the nine months ended March 31, 2025, net profit climbed 42.2% to RM1.08 billion, with revenue increasing 18.6% to RM8.37 billion. Looking ahead, IOI expects CPO prices to ease to RM3,700-RM4,000 per metric tonne in the final quarter but anticipates improved fresh fruit bunch output to support earnings. Its shares closed up 1.09% at RM3.72 today, valuing the group at RM23.38 billion. — TMR
