KUALA LUMPUR: GuocoLand (Malaysia) Bhd's net profit for its fourth quarter (4Q) ended June 30, 2010 rose to RM11.48 million, compared to a loss of RM72 million a year ago, mainly due to higher contribution from the property development and hotel businesses.

KUALA LUMPUR: Hock Seng Lee Bhd (HSL) has secured RM47.1 million road project in Tanjung Manis, Mukah Division, Sarawak from the Sarawak Timber Industry Development Corp on Wednesday, Aug 18.

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KUALA LUMPUR: AmResearch expects a sustained share price re-rating cycle for the property sector as the disconnect between the robust physical market and valuation of property equities will soon reverse.

PUCHONG: Bolton Bhd is looking at overseas venture for further business expansion, its managing director Chan Wing Kwong said.

Speaking to the press after unveiling The Wharf here on Friday, Aug 20, he added that it is looking at countries "within five to six hours away" from Malaysia, such as China and Vietnam.

NEW YORK: US mortgage applications leaped last week as rock-bottom interest rates lifted demand for home refinancing to its highest level in 15 months, a development that could portend stronger economic growth.

Home loan refinancing puts extra cash into consumers’ hands that can be used to pay off existing debt or funnel money into the economy through extra spending.

KUALA LUMPUR: WCT Bhd’s net profit for the second quarter ended June 30, 2010 (2QFY10) dipped 19.5% to RM33.75 million from RM41.95 million a year earlier on the back of lower revenue of RM513.56 million versus RM1.17 billion.

KUALA LUMPUR: As shareholders ponder over the upcoming EGM, Genting Malaysia Bhd’s (GenM) plans to enter the US market are nearing fruition.

PUTRAJAYA: The federal government, in principle, has agreed to streamline any future increase in water tariff and quit rent proposed by state governments, Prime Minister Datuk Seri Najib Razak said.

The matter, however, was subject to agreement from the state governments, irrespective of whether they are under the Barisan Nasional or opposition pact, he said.

Job win prospects stay strong