South Korea’s central bank maintains key rate at 2%
SEOUL: South Korea’s central bank kept its benchmark interest rate at a record low for a ninth month, seeking to strengthen the economy’s recovery before increasing borrowing costs.
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Westfield sees US, UK stabilising; keeps outlook
SYDNEY: Westfield Group, the world's biggest shopping mall owner, saw market conditions continuing to stabilise in the US and UK, and reconfirmed its 2009 earnings guidance.
MRCB makes inroads into Australia
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has made a foray into the Australian property development market through its wholly owned subsidiary Bitar Enterprises Sdn Bhd, which acquired 70% equity interest in Australian company Yes 88 Pty Ltd.
Joe Montana seeks US$49 mil for 500-acre property
SAN FRANCISCO: Former football quarterback Joe Montana and his wife are listing their 500-acre property in California’s Sonoma County for US$49 million (RM165.52 million).
Weak exchange rates aid the UK’s leisure and hotels sectors during downturn, says Capital Economics
LONDON: Unlike most sectors during the global economic downturn, the UK's leisure and hotel sectors experienced smaller-than-average capital value falls, much like they did in the early 1990s.
JAKS to raise RM48.2 mil from share placement
KUALA LUMPUR: JAKS Resources plans to raise up to RM48.2 million from the proposed placement exercise of 48.22 million shares at an indicative RM1 per placement share with up to one detachable warrant each.
Merge Energy acquires Innovasi Hebat for RM300,000
KUALA LUMPUR: Merge Energy Bhd acquired Innovasi Hebat Sdn Bhd (IHSB) for RM300,000 to expand its business into supplying valve, valve maintenance and contractor services.
UEM Land Holdings’ 3Q net profit surges to RM7.54 mil
KUALA LUMPUR: UEM Land Holdings Bhd’s net profit for its third quarter ended Sept 30, 2009 (1QFY2009) surged almost five-fold to RM7.54 million, from RM1.1 million the previous year, on higher contribution from the share of results of associates and joint ventures.
Mudajaya's 3Q net profit up 336% to RM35m on-yr
KUALA LUMPUR: Mudajaya Group Bhd posted a stellar set of results, with earnings in the third quarter ended Sept 30, surging 336% to RM35.32 million from RM8.08 million a year ago following an increase in activities.
It said on Nov 11 revenue rose 78% to RM20.1 million from RM112.47 million, while earnings per share were 9.48 sen compared with 2.17 sen a year ago.
Mulpha Land records net profit of RM1.82 mil for 3Q
KUALA LUMPUR: Mulpha Land Bhd recorded a net profit of RM1.82 million in its third quarter ended Sept 30, 2009 (3QFY2009), compared to a net loss of RM225,000 the previous year, on higher quarterly revenue.
