KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and Ekovest Bhd have established a joint venture company — KL Bund Sdn Bhd (KBSB) which would act as the project delivery partner (PDP) for the multi-billion River of Life project to rehabilitate the Klang River.

KUALA LUMPUR: Metro Kajang Holdings Bhd plans to allocate RM100 million in capital expenditure (capex) for its property development division this year, including the acquisition of new landbank.

SHANGHAI: InterContinental Hotels Group, the world's largest hotel chain by number of rooms, plans to launch a China-specific brand to drive its ambitious expansion in the world's fastest-growing market.

WASHINGTON: US single family home prices fell for the seventh straight month in January, bringing prices to just above April 2009 lows, a closely watched survey said on Tuesday, Mar 29.

KUALA LUMPUR: Petaling Tin Bhd (PTB) recorded a loss of RM1.009 million from a loss of RM671,000 a year ago 1Q2011, it announced on Tuesday, Mar 29. Revenue dropped 60% to RM1.935 million from RM4.91 million the previous year.

"The current quarter's revenue is mainly contributed by the residential development project of 126 units of double-storey link houses," the Group said.

KUALA LUMPUR: More Green Building Index (GBI) rating tools are set for launch this year including the Industrial Rating Tool, the Data Center Rating Tool, the Mall Rating Tool, the Hotel Rating Tool and the Public Health Rating Tool with at least one rating tool to be launched a month.

YTL Land & Development Bhd (March 28, RM1.83)

KUALA LUMPUR: Inch Kenneth Kajang Rubber plc, which has rubber processing, tourism and palm oil production as its mainstay, plans to venture into property development next year.

KUALA LUMPUR: The government can consider imposing the real property gains tax (RPGT) on property disposal by companies and foreigners beyond the five-year period to curb speculation and excessive rise in property prices especially in the Klang Valley, said a prominent real estate consultant.

RIO DE JANEIRO: Listening to Jose Carlos de Vasconcellos talk about Rio de Janeiro's property market is like being transported back to the bubble days in the US or Europe.