KUALA LUMPUR: Jaks Resources's net profit for the second quarter ending April 30, 2010 rose 470% to RM890,000 compared to RM142,000 reported in the same quarter last year, the company said in a filing to Bursa Malaysia on Wednesday, June 30. 

However, revenue in the quarter dropped 33% to RM54.68 million from RM81.312 million in the same quarter the year before.

MACAU: The Macau Property Opportunities Fund has achieved record rentals for units in The Waterside, a luxury residential block in Macau that it bought from Hongkong Land and Shun Tak Group in 2006.

KUALA LUMPUR: Glomac Bhd plans to launch the third phase of Glomac Damansara, situated along Jalan Damansara in Kuala Lumpur, by the year's end.

The third phase comprises 103 boutique retail units, one food court and one supermarket.

BEIJING: Mainland property developers have shrugged aside concerns over policy measures to curb home sales and are aggressively building up their land holdings.

“Faber”ably Positioned

Earnings Almost Spot On

PETALING JAYA: A group of associations have on Tuesday, June 29, opposed the government's proposed amendments to the Copyright Act 1987, under which it holds the landlords responsbile for tenants' infringements.

4QFY10 : Set for more growth ahead

SEOUL: Prime Minister Chung Un-chan said on Wednesday, June 30 that he will shoulder full responsibility for the South Korean government's failure to have its revised bill on the Sejong City project pass the National Assembly, reports China's Xinhua news agency.

KUALA LUMPUR: Naim Holdings Bhd, a Sarawak-based builder and property developer, has signed a memorandum of understanding with three other parties to explore the prospect of collaborating for the development of two community inter-linked smart cities.