SHAH ALAM: Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim has defended the move to buy out debts owed by Talam Corp Bhd to several state agencies, saying it was a state matter.

Khalid, who described the decision made on Talam as a "financial and technical issue", said it was discussed and deliberated thoroughly at all levels, including within Parti Keadilan Rakyat (PKR).

KUALA LUMPUR: Berjaya Times Square Sdn Bhd (BTSSB) has entered into eight Sale and Purchase agreements with Dian Kristal Sdn Bhd (DKSB) for the proposed disposal of eight units of properties located on the ground floor, the 14th floor and 16th floor in the Berjaya Times Square mall and complex for a total cash consideration of RM23.77 million.

KUALA LUMPUR: Ahmad Zaki Sdn Bhd, a wholly owned subsidiary of Ahmad Zaki Resources Bhd (AZRB) has been awarded with a letter of award from the Public Works Department to design and build Kompleks Kerja Raya 2 at Jalan Sultan Salahuddin, Kuala Lumpur.

KUALA LUMPUR: Hua Yang Bhd’s net profit rose 18% to RM2.737 million for its second quarter ended Sept 30, 2009 (2QFY2009) from RM2.329 million in the same period last year. 

However, its revenue for 2QFY2009 was lower by 14.74% at RM23.893 million from the RM28.024 million recorded in the same period last year. 

FOSHAN (China): Mapletree Investments Pte Ltd says its US$342 million (RM1.15 billion) Nanhai Business City (picture) development in Guangdong Province, China, is an opportunity for the company to scale up its business in the Pearl River Delta in addition to complementing Foshan’s growth.

KUALA LUMPUR: Plenitude Bhd plans to launch six new projects with a gross development value (GDV) of RM280 million in its financial year ended June 30, 2010.

Its executive chairman, Chua Elsie said the group has outlined several launches that includes the first ever bungalow development at Taman Desa Tebrau, Johor.

KUALA LUMPUR: YTL Corp Bhd plans to embark on a restructuring of the RM8 billion real estate investment trust (REIT) and hotel portfolio under its control.

The restructuring exercise will rationalise YTL Corp's retail and hotel asset portfolio by repositioning Starhill REIT as a global hospitality REIT, said its managing director Tan Sri Francis Yeoh.

KUALA LUMPUR: TA Enterprise Bhd's hotel sector earnings are expected to triple in financial year ending Jan 31, 2011 (FY2011), following recent acquisitions including 4-star hotel Swissotel Merchant Court Singapore, that received shareholder approval at an EGM on Nov 18.

SHAH ALAM: The public can obtain the declassified investigation report on the Taman Bukit Mewah, Bukit Antarabangsa landslide which caused five deaths and millions in damages, on Monday, Nov 23, said Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim on Nov 18. 

LONDON: The take-up of banking office space over the last six months in the UK’s capital city has been the best-performing in Europe, which has seen a 53% decline in take-up in 2Q and 3Q, says global property consultants Cushman & Wakefield.