BANGKOK: Evolution Capital, listed on the Thai Stock Exchange, is planning to invest over US$200 million (RM684 million) in the next few years to build, refurbish and operate 44 Tune Hotels.com in five countries.

KOTA BARU: Corruption in the country’s construction industry is at a serious stage, according to Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner Datuk Abu Kassim Mohamed.

He said this was evident from the problems associated with huge and high-value projects.

KUALA LUMPUR: Malaysia Pacific Corp Bhd has signed a letter of intent with a Thailand company to explore a joint-venture project in Iskandar Malaysia.

KUALA LUMPUR: Sapura Resources Bhd, a company under the Bursa Malaysia property index, saw its net profit in third quarter ended Oct 31, 2009 (3QFY2010) surged more than threefold to RM2.55 million, from RM565,000 a year earlier, on higher revenue.

KUALA LUMPUR: General Corp Bhd, a company under the Bursa Malaysia construction index, saw higher net profit in its third quarter ended Oct 31, 2009 (3QFY2010) of RM24.15 million, from RM14.9 million the previous year, due to several ongoing construction projects and the commencement of a new project.

KUALA LUMPUR: Equine Capital Bhd, the master developer of Taman Equine in Seri Kembangan, is selling the site where AEON Taman Equine Shopping Centre is erecting at, to Tanjung Balai Development Sdn Bhd for RM28 million.

KUALA LUMPUR: Keladi Maju Bhd, a stock under the Bursa Malaysia property index, saw its net profit for third quarter ended Oct 31, 2009 (3QFY2010) jump 51.6% to RM5.9 million, from RM3.9 million a year earlier, due to the completion in construction of existing property projects in Taman Lagenda.

KUALA LUMPUR: UEM Group Bhd chairman Tan Sri Dr Ahmad Tajuddin Ali, was conferred the Prominent Player Award at the Malaysian Construction Industry Excellence Awards (MCIEA) 2009.

He received the prestigious award for enhancing the image of the national construction industry.

KUALA LUMPUR: Chinese nationals comprised the most number of people who signed up for the Malaysia My Second Home (MM2H) programme since it was introduced seven years ago.

A total of 13,977 applications from 107 countries were received over the past seven years.

KUALA LUMPUR: IJM Land Bhd’s iconic waterfront project in Penang, known as The Light, will be launching its second luxury condominium within its first phase, The Light Point (picture), this Saturday (Dec 19). The Light, with a gross development value of RM5 billion, is situated just off the Penang Bridge on the island’s eastern coastline.