KUALA LUMPUR: Sunrise Bhd’s upcoming mixed development MK20 in Mont’Kiara, Kuala Lumpur, which is targeted for launch in the second half this year, is designed and conceptualised by world renowned architectural practice Foster+Partners.The project with an estimated gross development value of RM1 billion will feature a mix of luxury serviced residences, SoHos, a hotel, business suites and boutiq

The heat that has been generated recently about subsidy rationalisation exposes a clutch of knotty issues facing the economy that require nerves of steel to fix.

Niche property developer Magna Prima (92.5 sen) is upbeat that its new projects will underpin the company’s turnaround and support earnings growth over the next few years. Its latest earnings results for 1QFY11 ended Dec 31 underscored these expectations.

KUALA LUMPUR: Sunrise Bhd's upcoming mixed development MK20 in Mont'Kiara, Kuala Lumpur, which is targeted for launch in the second half this year, is designed and conceptualised by world renowned architectural practice Foster+Partners.

Gamuda Bhd (June 16, RM3.72)

KUALA LUMPUR: Architectural event DATUM:KL has been expanded into a month-long event and renamed DATUM:KL as the Kuala Lumpur Architecture Festival.

Into its ninth year since its inception in 2003, the event is expected to be officiated by the Prime Minister Datuk Seri Najib Razak on July 1, 2011.

SHAH ALAM: Ditamas Sdn Bhd director Shamsuddin Hayroni admitted in the High Court here on Thursday, June 16 that he knew the market value of two lots of land, including a bungalow, in Jalan Suasa 7/1L here before entering into a sale and purchase agreement with former Selangor menteri besar Dr Mohamad Khir Toyo in 2007.

KUALA LUMPUR: UEM Land Holdings Bhd is planning to launch projects with a total gross development value (GDV) of RM5 billion this year, as it aspires to see its revenue grow by 50%.

With the acquisition of Sunrise Bhd, UEM Land is hoping to build its portfolio and surpass its competitors' revenue in the near future, said managing director and CEO Datuk Wan Abdullah Wan Ibrahim.

KUALA LUMPUR: The government has no plans to divide the 341,000 hectare Felda land, which is being managed by Felda Plantations, to a new generation of settlers, said Deputy Minister in the Prime Minister's Department Datuk Ahmad Maslan.

The reason, he said, was that the government feared that they might sell the land which was not subjected to the Group Settlement Act 1960.

KUALA LUMPUR: Shareholders of Sunway Holdings Bhd and Sunway City Bhd (SunCity) have approved the proposed disposal of the two companies' assets and liabilities to Sunway Bhd at their EGMs on Wednesday, June 15.

The approvals would pave the way for the merger of their assets under a larger company slated for a listing on Bursa Malaysia in the third quarter this year.