KUALA LUMPUR: Talam Corporation Bhd records a net loss of RM81 million from a net profit of RM5.8 million a year ago. This was revealed in its fourth quarter (4Q) financial statements ended Jan 31, the group announced on Thursday, Mar 31. Revenue dropped 24% to RM57.8 million from RM75.6 million the previous year.

KUALA LUMPUR: Delloyd Ventures Bhd acquired two pieces of freehold land with a paint shop in Mukim Hulu Bernam Timur, Daerah Batang Padang, Perak for RM18 million, it announced on Thursday, March 31.

Delloyd Ventures's wholly-owned subsidiary Delloyd Industries Sdn Bhd entered into the sales and purchase agreement on behalf of the group.

KUALA LUMPUR: JAKS Resources Bhd achieved a 43% hike in revenue to RM76.1 million from RM53.4 million a year ago in its first quarter (1Q) financial statements, the group announced on Thursday, Mar 31.

"The increase was mainly due to the higher revenue contributed from recognition of works done for the projects in the construction division," the group said.

KUALA LUMPUR: Glomac Bhd reported on Thursday, Mar 31, that 70% of its Glomac Damansara Residences Tower One was sold, and that its Tower Two is now open for registration.

LONDON: House prices in England and Wales fell at their fastest annual rate in 17 months in March and only strong demand in London prevented an even bigger decline, a survey showed on Thursday, Mar 31.

KUCHING: The Sarawak Corridor of Renewable Energy (Score) will be the key driver for Sarawak to transform itself into a modern industrialised region from a state dependent on subsistence agriculture, according to a senior analyst of a rating agency on Wednesday, Mar 30.

KUCHING: Thanks to the cooperation of the armed forces under the Blue Ocean strategy, houses for the poor in the rural areas are being built faster and at a lower cost.

Secretary-general of the Rural and Regional Development Ministry Datuk Ibrahim Muhamad said today that the strategy enforced last year had cut red tape to enable projects to be implemented quickly.

KUALA LUMPUR: Ireka Corp Bhd's wholly-owned subsidiary Ireka Engineering & Construction Sdn Bhd (IECSB), has been awarded a RM232.75 million contract by Transmission Technology Sdn Bhd.

In a filing with Bursa Malaysia, Ireka said the contract was for a package of works for the proposed offices and hotel development on part of Lot 203, Seksyen 72 (Lot G) in Kuala Lumpur.

DUBAI: Saudi King Abdullah's bumper cash pledge to build more homes shows the kingdom's intent to address vast undersupply in the world's biggest oil exporter, but there is no quick fix for its property woes.

SINGAPORE: Strong demand from mainland Chinese buyers helped Singapore private home prices edge higher in the first quarter (1Q) of 2011, despite government efforts to cool the market, property consultants Jones Lang LaSalle (JLL) said on Wednesday, Mar 30.