Creating a landmark in Port Dickson

Sabah had an eventful year in 2011 with rising investments, improved trade relations and an oil discovery off its west coast, about 100km from Kota Kinabalu. The find is poised to make oil and gas the next growth industry for the state.

KUALA LUMPUR (Mar 23): Glomac Bhd's net profit for 3QFY12 ended Jan 31 rose 32.5% year-on-year (y-o-y) to RM21.9 million from RM16.5 million, despite the top line declining 17.7% to RM145.3 million over the same period.

KUALA LUMPUR/MIAM (Mar 23): Though denied a speedy path to a casino licence in Florida, Genting group is proceeding with plans to build a luxury mixed-use development on its bayfront property in Miami, albeit a scaled-back version of the original US$3.8 billion (RM11.7 billion) plan.

KUALA LUMPUR (Mar 23): Ireka Corp Bhd's wholly-owned unit has clinched a RM45.81 million contract to carry out and complete the fit-out works for the Aloft Hotel, KL Sentral.

Ireka Engineering & Construction Sdn Bhd was awarded the said contract by Iringan Flora Sdn Bhd, with the job expected to take 13 months.

LONDON (Mar 23): The Crown Estate, which manages Queen Elizabeth's property holdings, plans to spend £400 million (RM1.9 billion) redeveloping three buildings near London's Piccadilly Circus.

WASHINGTON, DC (Mar 23): US home sales fell in February, but upward revisions to the prior month's pace and the first yearly increase in prices in 15 months pointed to steady improvement in the housing market.

Existing home sales fell 0.9% in February from January but still notched their second highest level since May 2010, the National Association of Realtors said on Wednesday.

KUALA LUMPUR (Mar 23): Permodalan Nasional Bhd (PNB) has spent RM4.9 billion to buy properties in Australia and London, said president and chief executive Tan Sri Hamad Kama Piah Che Othman.

The fund management company owns Santos Place in Brisbane, Australia, and three office buildings — Milton and Shire House, One Exchange Square and 90 High Holborn — in London.

KUALA LUMPUR: S P Setia Bhd is launching the second tower of its first Melbourne development Fulton Lane in Malaysia this weekend. The project’s first tower, a 28-storey block with 291 units launched last year, is 80% sold with strong demand from Malaysian buyers. Tower 2 is 30% sold following launches in September 2011 in Melbourne, Indonesia, Hong Kong and Singapore.

CYBERJAYA: Cyberjaya will see its first mall opening in 2013 courtesy of D’Pulze Ventures Sdn Bhd as part of its D’Pulze Cyberjaya development.According to project director Kan Ky-Shen, the company chose to build a mall in the centre of Cyberjaya due to strong demand.“The mall is actually a demand-driven product.