OSLO: Norges Bank raised its key interest rate a quarter point from a record low and signalled steeper increases than it previously forecast over the next three years as inflation accelerates and unemployment remains low.

KUALA LUMPUR: WCT Bhd and Iskandar Investment Bhd will jointly develop and co-own 1Medini, the first residential development in Medini which has a gross development value of RM600 million.The companies said on Wednesday, Oct 28 1Medini, when completed by 2015, would comprise of 1,332 units of condominium, a 68,800 sq ft commercial area for local retail businesses.

KUALA LUMPUR: Wholly owned subsidiary of Iskandar Investment Bhd, Medini Land Sdn Bhd and WCT Bhd have signed a partnership to jointly develop and co-own 1Medini, the first residential development in Medini, which is in the Iskandar’s Islamic finance hub in Johor.

KUALA LUMPUR: Mah Sing Group Bhd announced the acquisition, via its wholly owned subsidiary Sierra Peninsular Development Sdn Bhd, of a plot of prime land in Petaling Jaya measuring 19.6 acres. The land was acquired from Panasonic HA Air-Conditioning (M) Sdn Bhd for RM89 million.

KUALA LUMPUR: SP Setia Bhd's subsidiary is teaming up with China's Hangzhou Ju Shen Construction Engineering Ltd to undertake a mixed real property development project in XiaoShan, Hangzhou.It said on Wednesday, Oct 28 its subsidiary, Setia (Hangzhou) Development Co.

PETALING JAYA: Mutiara Goodyear Development Bhd plans to launch seven projects in Penang and the Klang Valley with a gross development value (GDV) of RM1.5 billion beginning next month.

Executive chairman Hamidon Abdullah said the company has acquired approvals and has sufficient finances in place to launch the projects.

KUALA LUMPUR: Property values in Chinatown will continue to rise due to its location and demand for retail and accommodation, say property consultants.

KUALA LUMPUR: S P Setia Bhd's subsidiary is teaming up with China's Hangzhou Ju Shen Construction Engineering Ltd to undertake a mixed property development project in XiaoShan, Hangzhou.

JOHOR BARU: UEM Land Bhd, the master developer of the Nusajaya project here has appointed Residence Hotels and Resorts Sdn Bhd to operate Ledang Urban Retreat, a lifestyle centre in the East Ledang residential development.

DENMARK: The Bjarke Ingels Group (BIG) in collaboration with AKT and Tyréns and Transsolar has taken first prize for the design of the World Village of Women Sports in Malmo, Sweden.

The first-of-its-kind complex will span 100,000 sq m and be a hub for research, education, and training for women athletes in the Malmo city centre.