KUALA LUMPUR: Amanah Harta Tanah PNB's net profit doubled to RM4 million in its fourth quarter ended Dec 31, 2010 (4QFY2010), from RM1.54 million the previous year, on higher revenue

In a filing to Bursa Malaysia on Friday, Jan 28, the trust reported revenue of RM5.77 million, up 62% to RM3.55 million a year earlier.

KUALA LUMPUR: Kompleks Sukan PKNS in Kelana Jaya, Selangor will be redeveloped jointly by Melati Ehsan Holdings Bhd and PKNS Holdings Sdn Bhd into a RM1.623 billion mixed commercial development.

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) is looking to expand its asset size through acquisitions of third party properties, its manager Sunway REIT Management Sdn Bhd chief executive Datuk Jeffrey Ng said.

OMAN: Demand for housing is forecasted to increase in Oman as the number of foreign professionals employed in the Sultanate is expected to increase with the new five-year development plan by the government, according to a report by the Oxford Business Group (OBG) on Thursday, Jan 27.

KUALA LUMPUR: The Kha Seng Group will complete and open two retail developments in Kuala Lumpur this year.The 4-storey Viva Home mall near Jalan Loke Yew, Cheras is scheduled for official opening in May while the Kenanga Wholesale City in Jalan Kenanga is slated for an August debut, said its managing director Bernard Bong.Speaking after the Kenanga Wholesale City topping-up ceremony here yester

The practice of sustainable living is becoming more palpable, more real. As each day passes, we see more and more recognition of the issues, the dangers that lurk ahead if we don’t address the enormous wastage we ravage upon our world.  Take energy, for instance.

KUALA LUMPUR: Melati Ehsan Holdings Bhd registered flat net profit of RM1.2 million in its first quarter ended Nov 30, 2010 (1QFY2011) versus RM1.5 million the previous year, on lower revenue.

SUNGAI PETANI: The Northern Corridor Implementation Authority (NCIA) has denied reports that it plans to take over Kulim Technology Park Corporation (KTPC), the developer and manager of the Kulim Hi-Tech Park.

ALOR SETAR: The High Court here on Thursday, Jan 27 allowed an application from Tradewinds Corridor Sdn Bhd to clear over 150ha of land in Padang Terap, which was allegedly encroached upon by another party.

KUALA LUMPUR: SBC Corporation Bhd sold its 80% stake in Armada Bayumas for RM200,000.

In a filing to Bursa Malaysia on Thursday, Jan 27, the company said it sold 8,000 ordinary shares of RM1 each, representing 80% equity interest, in Armada Bayumas to YCH Development Sdn Bhd.

The principal activities of Armada Bayumas are property development and property management.