08 Apr 2026

Sumou Real Estate Company has entered into an agreement with Kingdom Real Estate Development to manage land plots in Riyadh, focusing on both residential and commercial segments. The company will oversee infrastructure development, along with marketing and sales activities. As part of the arrangement, Sumou will earn fees linked to the project's infrastructure costs and total sales value. The agreement reflects the company's continued role in large-scale land development projects and highlights growing activity in Riyadh's real estate market, supported by urban expansion and demand for integrated developments.Read more

08 Apr 2026

Secure Property Development & Investment PLC has announced an update on its proposed transaction with Adven, under revised terms that remove its classification as a reverse takeover. Adven is expected to enter share purchase agreements with at least 51 per cent of SPDI shareholders, valuing the company at around EUR 2 million. As part of the deal, SPDI shareholders will also get an option to invest up to GBP 2 million in Adven at a discounted price. The development follows ongoing restructuring efforts and is expected to support trading restoration and improve financial stability.Read more

08 Apr 2026

AirTrunk has initiated plans for a potential data centre REIT listing in Singapore and has appointed leading banks to manage the offering. The IPO is expected to raise over USD 1 billion, with some estimates indicating it could reach USD 1.5 billion. Backed by Blackstone and CPPIB, the company has rapidly expanded its data centre footprint across key Asia-Pacific markets. If completed, the listing could become one of Singapore's largest REIT IPOs in recent years, reflecting growing investor interest in digital infrastructure assets amid rising data consumption and cloud adoption.Read more

08 Apr 2026

A unit of Academy of Learning Co has entered into a long-term lease agreement with Wujud Real Estate for the development of four model schools. The estimated investment for building these schools stands at around SAR 200 million. The move reflects the company's continued focus on expanding its education infrastructure through asset-light strategies such as leasing. The agreement also aligns with broader trends in the region, where private education providers are partnering with real estate firms to scale operations efficiently.Read more

08 Apr 2026

PTT Synergy Group Bhd announced that its unit has entered into an agreement to supply a warehouse automation system for a project involving Sime Darby Property and Mydin Mohamed Holdings. The contract includes the implementation of an automated storage and retrieval system (ASRS) along with ongoing maintenance services. The deal reflects increasing adoption of automation in logistics and warehousing, particularly in large-scale retail and industrial developments, where efficiency and storage optimisation have become critical.Read more

08 Apr 2026

BofA Securities has reduced its earnings growth forecast for Nifty 50 companies for FY27, citing rising stagflation risks linked to global geopolitical tensions. The brokerage expects earnings growth to slow to 8.5 per cent from its earlier estimate of 14 per cent. Higher crude oil prices, which remain elevated due to the ongoing Middle East conflict, are likely to impact India's import bill and corporate margins. While the index is trading near long-term average valuations, BofA sees limited near-term outperformance but highlights selective opportunities in large-cap stocks and sectors benefiting from higher interest rates.Read more

08 Apr 2026

The administration of Donald Trump has moved an emergency appeal to resume construction of a USD 400 million ballroom at the White House, arguing that the ongoing halt poses security risks. The project, which involves redevelopment of the historic East Wing site, has been challenged by preservation groups for lacking congressional approval. Authorities maintain that the President has full authority over White House renovations, while critics question the legality of the demolition and construction.Read more

07 Apr 2026

A recent ruling by the National Labor Relations Board has directed Amazon to negotiate with a union representing around 5,000 workers at its Staten Island warehouse. The decision follows findings of unfair labour practices by the company for refusing to recognise and bargain with the union. While the union has welcomed the move as a major win, Amazon has opposed the ruling and is expected to appeal, which could delay compliance. The case adds to ongoing tensions between the company and organised labour groups in the US.Read more

07 Apr 2026

Oiltek International Ltd has entered into a heads of agreement with Bioseaga Industries for the construction of a sustainable aviation fuel production facility in Malaysia. The project, valued at around USD 350 million, will be executed by Oiltek Malaysia, which is expected to be formally appointed as the contractor. The planned facility will have a production capacity of 300 metric tonnes per day. The development reflects growing investments in sustainable fuel infrastructure, especially in Southeast Asia, as countries focus on reducing aviation emissions and strengthening alternative energy supply chains.Read more

07 Apr 2026

Daito Trust Construction Co Ltd has announced plans to acquire shares in The Global Ltd through a tender offer priced at 1,280 yen per share. The total deal size is expected to reach 17.4 billion yen, indicating a strategic investment by the Japanese real estate company. The Global has expressed support for the offer and has advised its shareholders to participate. The move reflects ongoing consolidation trends in the real estate sector, where larger firms are looking to expand their portfolio and strengthen their market position through acquisitions.Read more