PETALING JAYA: The government believes the domestic steel industry is on track towards a strong rebound with the implementation of large infrastructure and construction projects under Budget 2011.

Prime Minister Datuk Seri Najib Razak said the government would continue to assist the steel industry to ensure that it was more competitive.

KUALA LUMPUR: Eastern and Oriental Bhd (E&O) has reopened its Lone Pine Hotel in Batu Ferringhi in Penang.

The hotel was reopened to the public on Monday after a one-and-a-half-years refurbishment and expansion process, it said in a statement on Tuesday, Nov 2.

HONG KONG: International property consultant CB Richard Ellis Group announced the acquisition of a commercial property asset management and consultancy services firm in Hong Kong in a move to expand its asset management business.

HONG KONG: Property sales ended lower last week after their initial rebound following last month's policy address.

About 750 flats were sold from Oct 25 to 31 in the 50 leading housing estates monitored by Ricacorp Properties, down 2% on the 804 deals recorded the previous week.

HONG KONG: Sun Hung Kai Properties (SHKP) is to give its Beijing APM shopping mall a second major facelift in as many years to reposition the centre to appeal to local middle-income shoppers rather than tourists.

SHANGHAI: With the final accounting of Shanghai property sales for October now completed, property agent Clement Luk is a relieved man — though he admits his relief may be short-lived.

KUALA LUMPUR: Cyberview Sdn Bhd has achieved a total investment value of RM3.19 billion in its land sales and development for this year.

In a statement today, Cyberview said the value represented more than a third of the RM9.1 billon Cybercity's total investment since its inception in 1996.

LONDON: Activity growth in Britain's construction sector slowed more than expected in October to its weakest in eight months, a survey showed on Tuesday, suggesting a key prop of recent economic growth may be starting to crumble.

PUTRAJAYA: Putrajaya's outlook is set to become more vibrant from commercial activities, said Putrajaya Holdings (PjH) director and chief executive officer, Datuk Azlan Abdul Karim.

He also said Putrajaya's vibrancy in the near future comes with the completion of the commercial development there.

Azlan was speaking during an exclusive media tour of Putrajaya conducted by PjH.

SINGAPORE: Singapore Prime Minister Lee Hsien Loong said on Tuesday, Nov 2 the city-state's red-hot property market was a matter of concern and needed careful monitoring to avoid the creation of a bubble.