KUALA LUMPUR: Muhibbah Engineering (M) Bhd was awarded a contract worth RM1.07 billion for the engineering, procurement, construction, installation and commissioning alliance for the Liquefied Natural Gas (LNG) Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project.

KUALA LUMPUR: i-City in Shah Alam plans to usher in the Year of the Rabbit with nightly performances starting from Saturday, Jan 29 and climaxing on Chap Goh May (Feb 17) with a spectacular fireworks show.

KUALA LUMPUR: The Al-Hadharah Boustead REIT (Al-Hadharah REIT) registered a higher net profit of RM32.3 million for its fourth quarter ended Dec 31, 2010 (4QFY2010), after increasing 10% from RM29.3 million the previous year.

KUALA LUMPUR: The Altium — a Green Building Index (GBI) certified mixed development in Damansara Perdana, Selangor — is slated to launch in the second quarter (2Q) of this year, said AQRS The Building Company Sdn Bhd (AQRS) general manager Jerry Lau.

KUALA LUMPUR: A former director of Ho Hup Construction Bhd pleaded not guilty in the Sessions Court on Wednesday, Jan 26 to failing to notify of changes in interests as required under the Companies Act 1965 after becoming a major shareholder of the company.

ADELAIDE: The "safe-city initiative" by the Malaysian Crime Prevention Foundation (MCPF) has been a significant contribution by a non-governmental organisation towards crime prevention in the country, said its vice-chairman Tan Sri Lee Lam Thye.

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium REIT) saw its net profit growing 49% to RM4 million in its fourth quarter ended Dec 31, 2010 (4QFY10), from RM2.7 million the previous year.

KUALA LUMPUR: Property developer Nam Fatt Corporation Bhd is selling a parcel of land in Shah Alam for RM2.85 million.

In a filing to Bursa Malaysia on Tuesday, Jan 25, the company said its unit Maddusalat Bhd had entered into a sale and purchase agreement with J S Bina Sdn Bhd for the disposal of the 1.99-acre leasehold land in Seksyen 13, Shah Alam.

KUALA LUMPUR: Property developer Mah Sing Group Bhd on Tuesday, Jan 25 signed a tenancy agreement with 20 tenants for its Southgate Commercial Centre at Jalan Sungai Besi here.

SHANGHAI: China's Ministry of Finance may announce the start of property tax reforms during the first quarter, the official Shanghai Securities News reported on Tuesday, Jan 25, citing unidentified sources.

Two Chinese cities — Shanghai and western Chongqing — will be included in a pilot scheme, the newspaper said.