KUALA LUMPUR: Gamuda Bhd has appointed Raja Datuk Seri Abdul Aziz bin Raja Salim as chairman on Friday, Dec 17.

According to its filing to Bursa Malaysia, the company said the 72-year-old is presently a trustee and board member of the Malaysian Accounting Research Foundation and member of the Malaysian Institute of Accountants editorial board.

KUALA LUMPUR: IJM Corp Bhd — through its wholly-owned subsidiary IJM Construction Sdn Bhd – will construct the third phase of Platinum Park in Jalan Stonor, Kuala Lumpur.

IJM Construction received the Letter of Acceptance of Work Contract from Naza TTDI Construction Sdn Bhd for RM461 million.

KUALA LUMPUR: KPJ Healthcare Bhd is set to inject three of its hospital buildings into Al-Aqar KPJ REIT in return for RM138.77 million, in a combination of cash and new KPJ REIT units.

KUALA LUMPUR: Mulpha International Bhd is selling its Hilton Melbourne Airport Hotel in Australia to Singapore-listed Pan Pacific Hotel Group Ltd for A$108.89 million (RM337.9 million) cash.

Proceeds from disposal, which will result in a one-off pretax gain of A$77 million for the seller, will be used to reduce Mulpha's debts, the company informed Bursa Malaysia on Thursday.

KUALA LUMPUR: Scomi Engineering Bhd on Thursday, Dec 16 received the letter of award for the RM494 million KL Monorail Fleet Expansion Project from Syarikat Prasarana Negara Bhd (SPNB).

The job will take 31 months to complete, Scomi Engineering told Bursa Malaysia. No further details were provided on the scope of the project in the filing with the exchange.

KUALA LUMPUR: Property developer YTL Land and Development Bhd will launch its iconic condominium The Capers in Sentul East in the first quarter of 2011, its customer relation's manager Karen Tan said.

KUALA LUMPUR: The Malaysian real estate market is expected to grow at a modest rate next year underpinned by continued economic recovery and liquidity in the market, said property consultants.“Soft markets such as the office market may see better growth than markets where prices are already quite high,” said Knight Frank Malaysia managing director Eric Ooi.He said the outcome of the anticipated

Even without studying the numbers, I’ll bet arranged marriages have a lower failure rate than love jobs. There has been much written about the phenomenon of falling in love.  Whole industries from astrology to wedding organisers rely heavily on it.

S P Setia

Still going strong

• We are maintaining our BUY rating on SP Setia Bhd with our fair value unchanged at RM6.80/share, based on a 5% discount to our fully-diluted (FD) NAV estimate of RM7.16/share.

KUALA LUMPUR: The HIA National Outlook, a quarterly report card on Australia's housing industry, is signaling a soft residential building market for 2011.

Following a reasonable 2010, indications are that the new home building recovery will reverse in 2011, says the Housing Industry Association (HIA) in a statement on Dec 16.