KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) stands a good chance in securing some government projects under the Economic Transformation Programme (ETP), OSK Research says.

The projects mentioned by the research house were the River of Life project, the development of RRIM land in Sungai Buloh and Phase 2 of LRT extension project which are expected to begin this year.

KUALA LUMPUR: Ho Hup Construction Company Bhd, expects to complete its restructuring exercise by the third quarter of this year, executive director Derek Wong said.

SEOUL: South Korean and foreign financial institutions agreed Thursday, Feb 10 to provide US$4.35 billion (RM13.22 billion) to South Korean companies to help fund their large overseas building projects, Yonhap news agency quoted the government as saying.

Property sector

KUALA LUMPUR: The Pakistani government has invited Malaysian construction companies to join in its re-construction efforts.

In a statement here on Wednesday, Feb 9, High Commissioner to Malaysia Masood Khalid said Pakistan faced devastating floods last year, which had damaged infrastructure like roads, bridges, communication network, schools and hospitals.    

WASHINGTON: The Obama administration will propose raising the cost of loans backed by the Federal Housing Administration as part of a plan to reduce government support of the mortgage market to below 50%, said sources familiar with the plan.

BANGKOK: The office market in Bangkok will see occupancy levels going up as there was limited new supply in the market segment due to it being least active in 2010 as the country was preoccupied with political disturbances and a possible double dip recession for many of its export destinations.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) reported a 4Q net profit of RM41.5 million for the financial year ended Dec 31, 2010 an increase of 234% from RM12.4 million reported in the preceding year corresponding quarter due to improved profit margin.

SHANGHAI: China homebuyers seem to have got the message — for now at least.

Responding to the first roll-out last month in Shanghai and Chongqing of the long-awaited property tax — which came on top of earlier nationwide measures to curb runaway prices — buyers kept out of the market last week.

HONG KONG: Individual serviced apartments are being offered for sale in Hong Kong for the first time.

The launch by the family-owned Ovolo Group will test the market's appetite while allowing the company to raise cash to expand as property prices continue to rise.