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Boustead 3Q net profit down 47.5% y-o-y

KUALA LUMPUR: Boustead Holdings Bhd's third quarter (3Q) net profit fell 47.5% year-on-year, dragged down by lower income from its plantation, heavy industries, real estate and hotel operations.

KL to host international conference on construction industry

KUALA LUMPUR: The Chartered Institute of Building (CIOB), together with the Master Builders Association Malaysia (MBAM) and four institutions of higher learning, are jointly organising the International Construction Conference 2009 (ICC 2009) at the Putra World Trade Centre here on Dec 2.

The institutions of higher learning are Universiti Technology Mara

Dr Teng: Lim playing ‘twist and blame game’ again

PENANG: Chief Minister Lim Guan Eng was again taken to task for playing a fact-twisting and blame-shifting game on the conversion of a 1.4ha plot adjacent to the Eastern and Oriental (E&O) Hotel in Lebuh Farquhar, here from leasehold to freehold.

AkzoNobel Colour Futures 2010 launched in Malaysia

KUALA LUMPUR: The Colour of the Year 2010 is Airy Marina Blue, according to AkzoNobel, the world’s largest paint and coating company and supplier of leading brands like Dulux. It described the colour as an optimistic hue that symbolises infinite horizons, new beginnings, renewed energy and a positive dynamic.

Faber Group awarded contract in Abu Dhabi

KUALA LUMPUR: Faber Group Bhd via its subsidiary Faber LLC has been awarded a contract for the improvement, development, upgrading and maintenance of infrastructure facilities and projects at Madinah Zayed – Zone 1 in Abu Dhabi.

Korea fund approached to jointly buy Sydney building

SEOUL: South Korea’s National Pension Service, the nation’s biggest investor, said it was approached to jointly buy Sydney’s Aurora Place and it hasn’t made a “serious consideration” on the proposal.

China should stop property stimulus now, says newspaper

BEIJING: China should immediately halt some of its real estate stimulus policies, or risk inflating a bubble that in its bursting would wreak financial and even social trouble, a government newspaper said on Nov 23.