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Talam out of PN17 list

KUALA LUMPUR: Talam Corporation Bhd will no longer be on the Practice Note 17 (PN17) list effective Thursday, June 10.

Talam told Bursa Malaysia Securities on Wednesday June 9 it had regularised its financial condition and that it "no longer triggers any of the criteria under Paragraph 2.1 of the PN17 of the Main Market Listing Requirements".

Cultural aspects to be preserved in Brickfields - Nong Chik

KUALA LUMPUR: The "Little India" development project in Brickfields will not sideline the colonial, Chinese and other cultural heritage that has long existed in the area, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.

Court postpones decision in alleged wrongful land transfer case

TEMERLOH: The High Court has postponed to Aug 4 its judgement in a case where a farmer family claimed its land was given to another party through negligence of the authorities.

Judicial Commissioner Datuk Akhtar Tahir, who was to have delivered judgement on Wednesday June 9 set the new date in chambers.

Stamp duty amendment Bill passed

KUALA LUMPUR:The Dewan Rakyat has passed the Stamp Duty Amendment Bill 2010, which among others enables transfer of non-standard properties to be expedited from 10 days to only two days.

Government mulling plans to build new Parliament House in Putrajaya

KUALA LUMPUR: The government is mulling plans to build a new Parliament House in Putrajaya while the existing building will be repaired and maintained as a heritage building, said a Minister in the Prime Minister's Department, Datuk Seri Mohamed Nazri Abdul Aziz.

Rich buyers fuel top-end price surge

HONG KONG: Homebuyers shrugged aside the twin blow to confidence delivered by poor land auctions and a tumbling stock market to chase prices at the top end of the market sharply higher last month.

NZ house price growth slows in May

WELLINGTON: New Zealand house price growth fell in May, the first reversal in 14 months, as buyer confidence slipped on uncertainty over property tax and interest rates, government agency Quotable Value (QV) said on May 9.

100% bumiputera ownership of Kampung Baru will be maintained

KUALA LUMPUR: The government on June 9 gave an assurance that Kampung Baru will continue to be 100% owned by Bumiputeras and that plans for property development in the Malay settlement on a 60:40 ratio
(Bumiputeras/Non-Bumiputeras) was merely a proposal.