KUALA LUMPUR: IJM Corporation Bhd (IJM Corp) has posted a net profit of RM119.3 million for its second quarter (2Q) ended Sept 30, 2010, almost double its net profit of RM67.06 million a year ago on higher crude palm oil prices and foreign exchange translation gains of RM31 million in its infrastructure division, it announced to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: PN1-status group Grand Hoover Bhd has registered a net profit of RM8,000 for its first quarter (1Q) ended Sept 30, 2010 from a net loss of RM6,000 a year ago, underpinned by higher contribution from its trading division.

According to a filing to Bursa Malaysia on Tuesday, Nov 23, the group’s revenue slipped to RM8.04 million from RM8.57 million.

KUALA LUMPUR: Mah Sing Group Bhd will undertake a gated-and-guarded resort-style development in Batu Feringghi, Penang, with a gross development value (GDV) of about RM800 million, it said in a statement on Tuesday, Nov 23.

KUALA LUMPUR: Malaysia has the second lowest average price of city apartments compared with other countries in region, according to a research by Global Property Guide (GPG).

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd on Tuesday, Nov 23 announced their proposed merger exercise, which will create the country's second largest property player after the enlarged UEM Land Holdings Bhd, with a market capitalisation exceeding RM7 billion and a landbank of over 9,000 acres.

KUALA LUMPUR: Alila Bangalore by Alila Hotels & Resorts sets to open in February 2011 the hotelier said in a press statement on Tuesday, Nov 23. The hotelier also develops high-end hotels and resorts in countries such as China, Laos, Oman, Vietnam and Portugal.

KUALA LUMPUR: Alila Villas Uluwatu in Bali by Alila Hotels & Resorts has won three international awards in recent months, the hotelier stated in a press statement on Tuesday, Nov 23.

KUALA LUMPUR: The government's plan to extend the light rail transit (LRT) service in the Klang Valley is well underway, the Dewan Rakyat was told on Tuesday, Nov 23.

Deputy Transport Minister Datuk Abdul Rahim Bakri said the extension project was now in its final stages of detailed designing, with over 95% already completed.

KUALA LUMPUR: The Employees Provident Fund (RPF) will, from time to time, evaluate potential investments in the property sector, its deputy chief executive officer for investment Shahril Ridza Ridzuan said on Tuesday, Nov 23.

KUALA LUMPUR: Bina Darulaman Bhd (BDB) has proposed to undertake a private placement of new shares representing 10% of its issued and paid-up share capital to a corporate investor, it announced to Bursa Malaysia on Monday, Nov 22.