KUALA LUMPUR: Telekom Malaysia Bhd (TM) subsidiary Menara Kuala Lumpur Sdn Bhd (MKLSB) has signed a 10-year concession agreement with the government of Malaysia for the operation, management and maintenance of Menara Kuala Lumpur and its land comprising five lots of federal land held under the Federal Land Commissioner.

PETALING JAYA: Mitraland Group plans to launch office units in a corporate office tower at its mixed development The Cascades in Kota Damansara on April 16 and 17. It consists of a 30-storey corporate tower with a gross floor area of 240,000 sq ft.

KUALA LUMPUR: Fitters Diversified Bhd has clinched a RM32.98 million deal for fit out works for Kidzania Kuala Lumpur at The Curve NX Building in Mutiara Damansara, Petaling Jaya.

Fitters, via its unit Z'odd Design Sdn Bhd, was awarded the contract by Rakan Riang Sdn Bhd, the group announced to Bursa Malaysia on Monday, Mar 14.

ABU DHABI: Economic expansion and upcoming real estate regulations look set to help Abu Dhabi's property market, Oxford Business Group said in its latest economic update.

Abu Dhabi's property market has faced the situation where lower investor demand and an increase in residential and office supply have combined to encourage a drop in rental rates.

KUALA LUMPUR: Mah Sing Group Bhd has sweep away six awards for all categories for Malaysia awarded at the 8th Asiamoney Corporate Governance Poll at an awards gala night held in Hong Kong recently.

SEREMBAN: SWM Environment Sdn Bhd (SWM), the solid waste management and public cleansing concessionaire for the Southern Region (Johor, Melaka and Negeri Sembilan), is exploring projects utilising green technology for implementation in the waste management industry.

KUALA LUMPUR: Cypark Resources Bhd's RM94.29 million pilot Renewable Energy (RE) Park project in Pajam, Nilai may be running at full capacity of 10MW by 2013 although implementation is dependent on other factors, said group CEO Daud Ahmad.

KUALA LUMPUR: About 98.96% of MTD Capital Bhd's shares have been acquired by the four joint offerors at the closing time of the unconditional takeover offer at 5pm on Friday, Mar 11.

KUALA LUMPUR: Tan Boon Chuan, an executive director of OSK Property Holdings Bhd, has resigned from his post effective immediately, the group announced to Bursa Malaysia on Friday, Mar 11.

Tan, 50, had joined group subsidiary OSK Properties Sdn Bhd in 2004 as chief operating officer.

He was previously a business development director in Citraprop Sdn Bhd for two years.

KUALA LUMPUR: CB Richard Ellis (Malaysia) (CBRE) reported that the hospitality industry, especially 5-star hotels, have recovered in 2010 with full-year occupancy for 5-star hotels reaching 68%, up from 2009s 58%, it said in its 4Q Marketview Kuala Lumpur Hospitality report on Friday, Mar 11.