Nakheel plans for a relaunch
KUALA LUMPUR: It was a symbol of Dubai’s rising fortune but the Palm Jumeirah project now seems a bit out of place with the emirate’s current economic problems.
Latest
Banks' mortgage cuts walk consumer tightrope
CHARLOTTE (North Carolina): Bank of America Corp has agreed to forgive some bad mortgage loans and the US government is pushing other lenders to follow suit, but on a scale too small to make much of a dent in the nation's huge pile of bad debt.
Cheung Kong 2H net quadruples, beats forecasts
HONG KONG: Cheung Kong (Holdings), billionaire Li Ka-shing's flagship real estate conglomerate, more than quadrupled its second-half net profit on strong sales as the economy recovered and on higher contributions from associate Hutchison Whampoa.
IJM bids for RM4 billion worth of projects
KUALA LUMPUR: IJM Corp Bhd is bidding for projects worth RM4 billion, giving it a strong possibility of boosting its total order book past the RM4 billion mark from the current RM3.6 billion, said its CEO Datuk Krishnan Tan Boon Seng.
He said at its peak IJM used to have an order book of RM6 billion.
YTL to make its mark in Asia-Pacific's prestige property markets
KUALA LUMPUR: YTL Corp Bhd plans to spread its wings abroad in the blue ribbon real estate segment, said its managing director Tan Sri Dr Francis Yeoh.
TA Securities Holdings: Positive development for developers
Valuation table
Key announcement
Government to put out for tender choice tracts in KL
KUALA LUMPUR: The government has identified and will put out for tender several land parcels located strategically within or near the sought-after Kuala Lumpur City Centre (KLCC).
Prime Minister Datuk Seri Najib Tun Razak announced in his keynote address at Invest Malaysia 2010 on March 30 that the tracts are located at Jalan Stonor, Jalan Ampang and Jalan Lidcol.
Ho Hup seeks extension until Aug 4 to submit revamp plan
KUALA LUMPUR: Ho Hup Construction Co Bhd has sought an extension of four more months until Aug 4 to submit its regularisation plan.
The company said it had on Tuesday, March 30 applied to Bursa Malaysia Securities for the further extension to submit the plan under the provision of Practice Note 17 of Bursa Securities’ Listing Requirements
Largest water hotel in Abu Dhabi to open by year-end
ABU DHABI: Chairman of Abu Dhabi National Hotels (ADNH) H.E. Saif Mohammed Al Hajri has announced the opening of the newest and largest water hotel in Abu Dhabi by the end of this year, Emirates news agency said on March 30.
Crescendo Corp sees lower net profit of RM3.43 million for 4Q
KUALA LUMPUR: Crescendo Corp Bhd saw its net profit for the fourth quarter ended Jan 31, 2010 (4QFY2010) drop 47.4% to RM3.43 million, from RM6.5 million on lower revenue.
Meanwhile, its revenue for the quarter fell 20.3% to RM43.23 million, from RM53 million due to lower sales of industrial properties and concrete products.
