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Sime Darby - 2QFY11 results in line

Sime Darby
2QFY11 results in line

• Sime booked 2QFY11 earnings of RM877.1m – in line

• Wet weather affected plantations and industrials operations during the quarter

25 February, 2011
China Vice Premier urges more action to ease home prices

BEIJING: China should take further decisive action to cool its housing market, Vice Premier Li Keqiang was quoted as saying, underscoring difficulties faced by the government in taming property prices.

In remarks published by Xinhua late on Feb 24, Li said China's government needs to effectively curb speculative buying of homes while raising the supply of affordable housing.

25 February, 2011
Land promised for 35,400 flats in 2012

HONG KONG: Secretary for Development Carrie Lam Cheng Yuet-ngor said on Feb 24 that land would be made available next year that could realistically yield about 35,400 flats.

25 February, 2011
PJ Development 2Q pre-tax profit rose to RM21.9 million

KUALA LUMPUR: PJ Development Holdings Bhd's pre-tax profit for the second quarter ended Dec 31, 2010 rose to RM21.9 million from RM20.8 million in the same quarter in 2009. Its revenue, however, fell to RM145.8 million from RM173 million previously.

24 February, 2011
YTL Corp 1H net profit up 4.6pct to RM443.1m from RM423.7m yr ago

KUALA LUMPUR: YTL Corporation Bhd’s net profit after taxation and non-controlling interests rose 4.6% to RM443.1 million (US$145.3 million) in the first half ended Dec 31, 2010 from RM423.7 million
(US$138.9 million) a year ago, underpinned by the key utilities and
cement divisions.

24 February, 2011