The International Financial Reporting Interpretations Committee 15 or IFRIC 15, and its impact on the property industry, has been hotly debated since the Malaysian Accounting Standards Board (MASB) announced its adoption effective July 1, 2010. 

The crowds are back at Klang Valley shopping malls, which had been hit by the global financial crisis not too long ago.

Convinced that green building practices and advanced technological developments are the way forward,  the Malaysian Institute of Architects (PAM),  organisers of the annual architecture and design event DATUM: KL 2010, have cho

KUALA LUMPUR: Recently listed property developer Ivory Properties Group Bhd registered a net profit of RM8.44 million for its second quarter ended June 30, 2010 (2QFY2010). Its pre-tax profit for the quarter was RM12 million, while it posted a revenue of RM25.9 million.

Its basic earnings per share was 5.98 sen.

KUALA LUMPUR: Construction firm SBC Corporation Bhd posted net profit of RM1.28 million in its first quarter ended June 30, 2010 (1QFY2011), down 54.5% from RM2.81 million a year ago as it recorded lower revenue.

KUALA LUMPUR: Hubline Bhd is acquiring two parcels of leasehold land and buildings in Miri for RM15 million from Many Plus Realty Sdn Bhd.

Its unit Hubline Logistics Sdn Bhd had signed two sales and purchase agreements with Many Plus Realty on Friday, July 23 for the acquisition.

KUALA LUMPUR: ACE market-listed company Equator Life Science Bhd received an offer from Sin Chew Media Corporation Bhd to purchase a piece of leasehold industrial land in Johor.

The offer for disposal involves a piece of land measuring 1.88 hectares (4.6 acres) for RM2.94 million, the company said in a filing to Bursa Malaysia on Friday, July 23.

SHANGHAI: London-based high-end department store Harrods is said to be in talks with Shanghai municipal government on the opening of its first store in China, reported China Daily.

KUALA LUMPUR: Bolton Bhd will be launching the final phase of its 42-acre Tijani development in Bukit Tunku, popularly known as Kenny Hills, in Kuala Lumpur on Saturday, July 24.