23 Dec 2025

Modon Holding PSC has formed a joint venture with related companies and Panepinto Properties for the development of Harborside 4. The company has acquired a majority equity stake in the project, securing a controlling interest. Construction is expected to commence in Q1 2026, with completion targeted for Q1 2029. Financing for the development will be provided by a consortium of banks led by J.P. Morgan. The project reflects Modon's continued focus on long-term real estate developments backed by structured financing and strategic partnerships.Read more

23 Dec 2025

Sri Lankan stocks closed lower in the past week, extending losses for a fourth consecutive session as industrial, real estate and energy stocks remained under pressure. The CSE All Share Index fell 1.1 percent to 21,898.20. While trading volumes improved, market turnover declined to LKR 2.98 billion. Inflation eased slightly in November, but it failed to lift sentiment. SMB Finance PLC and Colombo Dockyard PLC led the losses. Foreign investors were modest net buyers, while domestic investors continued to sell heavily.Read more

23 Dec 2025

GPT Group has acquired the property at 43-45 Australia Street for AUD 47 million, as disclosed in a company update released in the past week. The transaction adds to the group's Australian real estate portfolio, though specific details on the asset's use or financial performance were not shared. As one of the country's largest listed property owners, GPT Group has followed a strategy of selective acquisitions supported by disciplined capital management. The purchase reflects this steady approach amid cautious investment conditions.Read more

23 Dec 2025

The U.S. House has passed the SPEED Act to streamline permitting and environmental reviews for major energy, industrial, and data center projects. While the bill aligns with Trump-era goals of boosting domestic energy and industrial growth, last-minute amendments to maintain offshore wind veto powers caused clean energy advocates to oppose it. The legislation received 11 Democratic votes but faces hurdles in the Senate. Industry groups welcomed the reform as a necessary update to slow approval processes, while environmental and renewable energy organizations warned of risks to public health, clean air, and equal treatment of energy resources.Read more

23 Dec 2025

Vietnam has begun initial construction work on a cross-border railway linking the country with China as part of its wider infrastructure expansion plan. The 391-kilometre rail line will run from Lao Cai at the Chinese border through Hanoi to Haiphong port. Track laying is scheduled to begin late next year, with completion targeted for 2030. The project will be partly funded through Chinese government loans. It forms part of Vietnam's broader infrastructure pipeline valued at about USD 129.23 billion, aimed at sustaining high economic growth.Read more

23 Dec 2025

The IMF has approved emergency funding of around USD 206 million for Sri Lanka under the Rapid Financing Instrument to support recovery after Cyclone Ditwah caused extensive damage. The cyclone killed 643 people, affected nearly 10% of the population and damaged over 100,000 homes and key infrastructure. Agriculture suffered major losses, with 150,000 hectares of crops destroyed. The support comes as Sri Lanka continues to recover from its 2022 debt default and ongoing IMF bailout programme. Additional domestic spending has also been proposed to aid rebuilding efforts.Read more

22 Dec 2025

Cibus Nordic Real Estate AB has acquired 11 properties across four countries for a total value of EUR 41.9 million, according to a disclosure made in the past week. The acquisition aligns with the company's long-term focus on daily goods & anchored real estate and geographic diversification. Although details of individual assets were not provided, the deal adds to Cibus growing European portfolio. The company has consistently expanded through similar acquisitions, targeting stable cash flows from food and grocery-related tenants.Read more

22 Dec 2025

Wistron Corp has announced that its Vietnam subsidiary, Wistron Infocomm (Vietnam), plans to invest USD 134.8 million in building property and purchasing machinery and equipment. The decision reflects the company's continued focus on expanding manufacturing capacity in Vietnam. Wistron has been gradually strengthening its presence in the country as part of its strategy to diversify production locations. The investment highlights Vietnam's growing role in global electronics manufacturing and aligns with broader supply chain realignments by Taiwanese contract manufacturers.Read more

22 Dec 2025

US existing home sales edged up marginally in the past month, rising 0.5% to an annualised pace of about 4.13 million units, indicating a stable but subdued housing market. Despite the monthly gain, sales remained lower than last year as high borrowing costs and economic uncertainty continued to weigh on buyer sentiment. Limited new listings and slower inventory growth kept supply tight, supporting home prices, which rose to a median of around USD 409,200. Mortgage rates stayed above 6%, affecting affordability, especially for first-time buyers. With homes taking longer to sell and cash buyers playing a larger role, the market showed steadiness rather than a clear recovery.Read more

22 Dec 2025

China Vanke has proposed an improved plan to pay overdue interest on a 2 billion yuan (USD 284 million) bond and extend its repayment grace period, in a bid to avoid default. The developer intends to pay 60 million yuan in interest by December 22 and increase the grace period from five to 30 trading days. After bondholders previously rejected its extension request, Vanke is holding a second meeting with creditors to vote on the proposals. The company is also seeking to extend repayment for a 3.7 billion yuan (USD 525 million) note due later this month.Read more