KUALA LUMPUR: Property developer Magna Prima Bhd has launched shop offices at its latest integrated development Boulevard Business Park@Jalan Kuching.

The business park covers an area of over 10.23 acres, and has a gross development value (GDV) of RM572 million. Already two blocks (out of eight) have been sold at the launch on Wednesday, June 22.

KUALA LUMPUR: As lobbying for a casino licence in Miami, US goes on, Tan Sri Lim Kok Thay's Genting Group is looking at opening Resorts World New York as early as Oct 1, though works are taking longer than expected due to the historic Aqueduct's aged structure, a company official said.

KUALA TERENGGANU: The Kuala Terengganu City Council (MBKT) is planning a number of big projects under the Tenth Malaysia Plan (10MP) for the comfort of residents here.

SHAH ALAM: Industrial packaging manufacturer Scientex Bhd posted a higher net profit for 3QFY11 ended April 30, with the bottomline figure increased by 21.2% year-on-year (y-o-y) to RM20.39 million.

KUALA LUMPUR: Syarikat Prasarana Negara Bhd has issued the letter of award to CMC-Colas-Uniway (CCU) to undertake works on the Kelana Jaya Line extension project worth RM673.92 million.

In a statement on Tuesday, June 21, Prasarana said the job entailed the engineering, procurement, construction, testing and commissioning of system works for the project.

KUALA LUMPUR: ICI Paints (M) Sdn Bhd expects positive growth this year, driven by its new eco-friendly paint Dulux Pure, which is specifically formulated to purify interior air.

Its managing director C W Goh said the new paint, priced from RM25-RM40 per litre, has been in the market for about a month and received good feedback from consumers and retailers.

PETALING JAYA: Property developer ARK Resources Bhd's rights issue of 15.47 million shares was undersubscribed at an issue price of RM1.

In an announcement to Bursa Malaysia, ARK Resources said at the closing date on June 1, a total of 12.15 million rights shares were subscribed, out of the 15.47 million rights shares available for subscription.

Malaysian Resources Corp Bhd
(June 21, RM2.20)

KUALA LUMPUR: Unfavourable macro dynamics such as high crude oil prices may weigh on construction companies in the second half of this year as players contend with costlier operating expenses. This could reverse the trend in the first quarter of 2011, as well as the preceding third and fourth quarters of 2010 where local contract margins had actually improved.

KUALA LUMPUR: Hua Yang Bhd's wholly-owned unit Prop Park Sdn Bhd has won an auction bid to acquire a 1.5ha tract in Shah Alam for RM13 million cash. The purchase price translates into slightly less than RM80 per sq feet for the leasehold land.