KUALA LUMPUR: Colliers International, in its quarterly Asia Pacific Office Market Overview Report dated April 2010, stated that the office real estate segment is enjoying a revival. It stated that stronger-than-expected recovery registered in a number of centres in 1Q2010 contributed to the region’s gradual return to pre-crisis levels.

KUALA LUMPUR: Faber Group Bhd (Faber) saw a 30.6% rise in revenue of RM184 million for 1Q2010, compared with RM140.9 million in 1Q2009. Its profit before tax for 1Q2010 was RM23.9 million, or an increase of RM9.8 million, compared with RM14.1 million in 1Q2009.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) saw a 10% rise in its net income for 1Q2010 ending March 31, 2010, at RM10.04 million compared with RM9.13 million in the same period last year.

KUALA LUMPUR: Construction company Bina Puri Holdings Bhd has tendered for projects worth RM4 billion both locally and abroad, Group Managing Director Tan Sri Tee Hock Seng, said on May 5.

Explaining further, Tee said part of the jobs tendered for, are in Saudi Arabia and worth about RM1 billion.

KUALA LUMPUR: The project to upgrade Brickfields will begin after the 67 traders there have shifted to a temporary location at Lorong Chan Ah Tong end of this month, Deputy Federal Territories and Urban Wellbeing Minister Datuk M Saravanan said on May 5.

KUNMING: The death toll in Monday's (May 3) landslide in Myanmar near its border with southwest China's Yunnan Province rose to 15 on Wednesday, May 5, after rescuers recovered another two remaining bodies.

KUALA LUMPUR: Menang Corp (M) Bhd's unit, Inovatif Mewah Sdn Bhd (IMSB), has secured the RM300 million Universiti Teknologi Mara (UiTM) campus project at Seremban 3.

IMSB, a 71% subsidiary of Menang Corp, has entered a concession agreement with the government, represented by the Higher Education Ministry and UiTM to undertake the project on a Private Finance Initiative (PFI).

SEOUL: South Koreans' purchases of overseas properties declined during the first quarter from three months earlier as investor sentiment remained sluggish despite steadily improving global economic conditions, data showed Wednesday, May 5.

KUALA LUMPUR: Singapore’s tallest residential tower when completed has received encouraging sales from foreign investors including Malaysians.

PENANG: The Eastern & Oriental Hotel (E&O Hotel) (pictured) in Penang has been ranked among the world’s best hotels in this year’s Expedia Insiders’ Select™ list.