HONG KONG: China needs to be alert to the danger of asset bubbles, but headline inflation is unlikely to be a risk for some time, Fan Gang, a member of the People's Bank of China's monetary policy committee, said.

SYDNEY: High taxes and a rapid asset price recovery have made the Australia property market less compelling for funds seeking high returns, with more attractive options in Japan and Singapore, according to a top executive of LaSalle Investment Management.

KUALA LUMPUR: Naim Holdings Bhd posted a 44% rise in net profit to RM21.4 million in its third quarter (3Q) ended Sept 30, 2009 from RM14.88 million a year earlier on the back of a 10.8% rise in revenue to RM144.46 million from RM130.33 million.

KUALA LUMPUR: Ipmuda Bhd had entered into a conditional Sale and Purchase Agreement with Maju Holdings Bhd to acquire a vacant piece of freehold development land in Jalan Mayang, Kuala Lumpur city centre, 200m from the Petronas Twin Towers for a purchase consideration of RM15.5 million.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) posted net profit of RM10.02 million in its third quarter ended Sept 30, 2009 versus a net loss of RM26.81 million a year ago due to better profit margins after completing projects and recognition of profit from its on-going work progress.

KUALA LUMPUR: Glomac Bhd is disposing of a 25-storey office block at Glomac Damannsara to Lembaga Tabung Haji for RM170.73 million.
Glomac said on Tuesday, Nov 17 it had signed a sale and purchase agreement with the pilgrims fund to dispose of the building, known as Tower D with 444 car park bays.

KUALA LUMPUR: Naza TTDI Sdn Bhd is undertaking a RM15 billion development project, which comprises the Matrade Centre, residences, offices, a shopping mall and a hotel, on a 65-acre plot of land in Jalan Duta, under a privatisation deal with the government.

KUALA LUMPUR: YNH Property Bhd had formalised a memorandum of understanding via the master collaboration agreement with Pantai Hospitals Sdn Bhd on Nov 16 to construct and lease a private hospital in the Manjung Point township located in Sri Manjung, Perak, said YNH in a filing to Bursa Malaysia on Nov 17.

Pantai Hospitals is a wholly owned subsidiary of Pantai Holdings Bhd.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) posted net profit of RM10.02 million in its third quarter ended Sept 30, 2009, versus a net loss of RM26.81 million a year ago due to better profit margins after completing projects and recognition of profit from its on-going work progress.

KUALA LUMPUR: Glomac Bhd is disposing of a 25-storey office block at Glomac Damansara to Lembaga Tabung Haji for RM170.73 million.

Glomac said on Nov 17 it had signed a sale and purchase agreement with the pilgrims fund to dispose of the building, known as Tower D with 444 car park bays.