KUALA LUMPUR: Construction player Nam Fatt Corporation Bhd’s audited net loss deviated by RM356.7 million to RM541.68 million in its fi nancial year ended Dec 31, 2009 (FY09) from its previously announced unaudited loss of RM184.99 million.

KUALA LUMPUR: Sunway Holdings Bhd and Protasco Bhd joined two other construction firms on the Top 50 Malaysian Small Cap Companies (50 Jewels) 2010 list by OSK Research.

The other two are Hock Seng Lee Bhd (HSL) and Naim Holdings Bhd, which are among 31 companies retained on the list from last year. Naim Holdings also made into the Top 10 list.

KUALA LUMPUR: Jetson Bhd (Jetson), through its wholly-owned subsidiary Jetson Construction Sdn Bhd (JCSB), has entered into a joint-venture (JV) agreement with China State Construction Engineering (Hong Kong) Ltd (CSCHK) on May 6, to form an unincorporated JV entity, Jetson-CSCHK joint venture, to prepare and submit a tender invited by Naza TTDI Sdn Bhd.

KUALA LUMPUR: Putrajaya Holdings Sdn Bhd (PJH)’s Venice-inspired commercial development, the Promenade@8 in Putrajaya, has seen 80% of its 106 units taken up.

The freehold development is the first waterfront development in Putrajaya. It comprises shopping lots, outdoor dining and leisure areas.

KUALA LUMPUR: Glomac Bhd and Axis REIT made their debut on the Top 50 Malaysian Small Cap Companies (50 Jewels) 2010 list by OSK Research, with the property developer claiming a Top 10 standing, the research house said on May 6. Plenitude Bhd and Hektar REIT, meanwhile, are retained in this year’s list.

HONG KONG: Beijing should impose a real estate tax on speculative investors in order to rein in the red-hot property market, a leading government think tank said on May 5.

HONG KONG: Swire Properties, the property unit of Swire Pacific, has pulled its plans to raise up to US$2.7 billion (RM8.81 billion) through a Hong Kong initial public offering, sources said on Thursday, May 6, amid a broad market sell-off.

BANGI: The Works Ministry is expected to set up five trading hubs to market construction material produced by local entrepreneurs said its Minister Datuk Shaziman Abu Mansor.

CHICAGO: The aggressive efforts to promote Malaysia's Bio-Xcell including during the world largest biotechnology gathering here are paying dividends.

The response received for the biotechnology ecosystem and park in Iskandar Malaysia is encouraging and as a result, the enquiries would have to be filtered down to find suitable companies that fit within the ecosystem.

KUALA LUMPUR: New home prices hit record highs in Shanghai last month as sales of luxury housing continued to be robust despite Beijing’s efforts to curb speculation, said ShanghaiDaily.com.