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.

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.

KUALA LUMPUR: Plenitude Bhd will acquire Plenitude International Sdn Bhd to rationalise its group structure.

Under the group’s internal restructuring proposed to Bursa Malaysia on Nov 11, the developer will acquire the entire equity interest in Plenitude International, comprising two shares of RM1 each, for RM2 and assumption of debts of about RM5,000.

KUALA LUMPUR: Construction firm Melati Ehsan Holdings Bhd acquired four pieces of leasehold land in Klang for RM15.5 million for mixed developments.

PETALING JAYA: The current rainy spell has raised fears of landslides for especially those living on elevated grounds. A section of the old trunk road near Templer’s Park in Selangor had to be closed recently due to a landslide. There was also a report of soil erosion said to be threatening the safety of medium-cost flats nearby.

KUALA LUMPUR: The Selayang Municipal Council (MPS) has ordered the developer of the housing project near the land slip in Jalan JU5/5, Taman Jasa, Batu Caves to take immediate steps to prevent a recurrence of the incident.

Its deputy president Juhari Ahmad said the order was issued after a discussion with the developer on the evening of Nov 10.

MUMBAI/HONG KONG: Asia's policymakers are sticking with surgical steps to contain asset price inflation, but may soon have to turn to much more aggressive action if property bubbles keep inflating.

LOS ANGLES: US home sellers with properties on the market as of Nov 1 had slashed asking prices by US$28.1 billion (RM95.1 billion) as they sought to attract buyers, Trulia Inc said.

KUALA LUMPUR: Over 2,000 people visited the Iskandar Malaysia Pavilion during Cityscape Dubai held on Oct 5 to 8, 2009, said Iskandar Regional Development Authority (IRDA) chief executive officer Harun Johari.

HONG KONG: China’s housing market is likely to face increasing policy risks in 2010, according to Knight Frank’s latest report. Aside from tightening the mortgage lending terms for secondary residences, Beijing’s banking regulator has required commercial banks to extend mortgage loans on whichever is lower; bank valuation or stated transaction price.