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Mah Sing eyes US$620m China mixed devt

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.

The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

Selangor plans to declassify hazardous map

SHAH ALAM: The Selangor state government is looking at the possibility of declassifying another classified document, the Hazardous Map which indicates the level of risk in residential areas in Hulu Klang.

World’s most expensive office markets get cheaper

BOSTON: More than 130 cities worldwide had declines in rent expenses in the year ended Sept 30, CB Richard Ellis Group Inc. said in a report today. Almost 50 cities reported declines of more than 10%. Rental costs fell about 30% in Midtown Manhattan, 53% in Singapore and 41% in central Hong Kong. Overall, rents fell an average 7.7% across 179 markets worldwide.

Euro ministers see minimal fallout from Dubai

BRUSSELS: European finance ministers said on Tuesday that Dubai's debt troubles would have little impact on their region, which is emerging from recession.

"What we understand today is there is no systemic risk," French Economy Minister Christine Lagarde said. "It's not a drama for the world of finance and the impact seems to be essentially regional."

Bridge collapse: Concrete foundation fails to support additional weight

KUALA LUMPUR: The special committee set up to investigate the Kuala Dipang suspension bridge collapse in Perak has found the main cause of the collapse to be the failure of the concrete foundation block at the Pylon A to support the additional weight on the back-stay cables.

Viva Home to open end-2010

KUALA LUMPUR: Viva Home, a one-stop centre for home products and related services, is expected to be unveiled on Jalan Loke Yew here in a year’s time.

New CEO for Nomad Group

KUALA LUMPUR: The Nomad Group Bhd announced today the appointment of Roy Winston George as CEO.

George is a chartered accountant and started his career in an international accounting firm. Prior to joining Nomad, he has held several senior positions in financial services companies.