KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) recorded revenue of RM363.5 million for the cumulative second quarter (2Q) ended June 30, 2010, a slight drop compared with RM382.8 million revenue recorded in the same quarter last year.

KUALA LUMPUR: Sunway Holdings Bhd posted a pre-tax profit of RM59.2 million for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM509.2 million.

The pre-tax profit for 2Q 2010 grew by 17% from RM50.4 million in the preceding quarter, while a pre-tax profit of RM109.6 million was recorded during the six-month period under review.

KUALA LUMPUR: Build Eco Xpo (BEX) Asia 2010, which will take place from Sept 13 - 15 in Singapore, is expected to attract over 7,000 visitors this year.

The upcoming third BEX event will feature 200 companies from over 20 countries showcasing their latest environmentally friendly building technologies, products, concepts and solutions, it said in a statement on August 12.

KUALA LUMPUR: Australia-based StayWell Hospitality Group will operate a four-star hotel at integrated development Taragon Puteri KL, located next to Berjaya Times Square on Jalan Imbi, Kuala Lumpur.

The Park Regis KL is expected to begin operations in January 2011. Apart from the hotel, Taragon Puteri KL will also feature serviced residences and limited retail lots.

KUALA LUMPUR: IOI Corporation Bhd posted a pre-tax profit of RM2.55 billion for its financial year ended June 30, 2010 (FYE 2010), up 65% from RM1.55 billion recorded in the previous year.

LANGKAWI: Various quarters, including residents in Langkawi, are against the proposed bridge between the island and Kuala Perlis.

They agree with former prime minister Tun Mahathir Mohamed that the project can erode the island's unique features as a tourist destination.

KUALA LUMPUR: Demand for office investment in the Asia Pacific region is expected to strengthen further, underpinned by low interest rates, faster rental growth and institutional investors making a comeback, said international real estate consultancy Colliers International.

HONG KONG: Strong growth is expected in Hong Kong office rental market over the next 12 to 18 months and rents will increase as office space availability decreases amid fast absorption of prime office space, according to Knight Frank's latest Hong Kong Prime Office report.

Bina Puri Holdings
2Q10 results within expectations

BEIJING: Chinese property developers are facing strained cash flows and will be forced to cut prices beginning in the fourth quarter, a state newspaper reported on Tuesday, Aug 24, citing several bankers.