SIBU: Datuk Seri Najib Tun Razak has announced a special allocation of RM35 million for three projects to improve living condition in four resettlement schemes in the Rajang Security Command (Rascom) area.

KUALA LUMPUR: Hwang DBS Investment Management Bhd last week declared an interim income of 0.75 sen for the HwangDBS Global Property Fund this year for its financial year ending Feb 28, 2010.

Reaffirm NEUTRAL

UEM Land Holdings (ULHB) 4Q09 results beat our expectation. 4Q09 earnings and pretax profit accounted for >100% of both ours and consensus full year estimates.

Hold rating is maintained

KUALA LUMPUR: Phase 3 of Symphony Heights’ high-rise residential development is targeted for launch in the third quarter of this year.

PUTRAJAYA: Malaysia is committed to slashing 40% of its carbon emission levels by the year 2020. Minister of Federal Territories and Urban Well-being Datuk Raja Nong Chik said the reduction is based on emission levels recorded in 2005.

HONG KONG: The head of state-owned conglomerate China Everbright Holdings has warned of the dangers of rising property prices on the mainland and said that because of market volatility the group would be cautious about investing in the sector this year.

HONG KONG: Sun Hung Kai Properties won the bidding for a government-auctioned residential site in Hong Kong for HK$3.37 billion (RM1.47 billion), well ahead of consensus, in a sign the city's housing market is showing no signs of slowing down.

KUALA LUMPUR: UEM Land Holdings Bhd recorded a 12.7% q-o-q increase in revenue for 4Q2009 to RM205.1 million, compared with RM181.98 million for 4Q2008. Its revenue for FYE2009, however, posted a decrease by 21% to RM403.1 million.

KUALA LUMPUR: Putrajaya Perdana Bhd saw an increase in pre-tax profit and revenue of RM30 million and RM1 million respectively, for FYE Dec 31, 2009, compared with the previous corresponding year. Its revenue rose to RM865.997 million while pre-tax profits increased to RM69.552 million.