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Boustead posts 56% jump in pre-tax profit for 1Q2010

KUALA LUMPUR: Main board-listed Boustead Holdings Bhd posted a 56% jump in pre tax profit to RM134.6 million in its 1Q ended March 31, 2010, from RM86.1 million for the same quarter last year.

Its net profit totalling RM90.2 million for 1Q2010 was 48% higher than the RM60.8 million for 1Q2009.

31 May, 2010
Policy to cool home sales in China yet to hit prices

HONG KONG: Hopes were high when the State Council issued policy measures in April meant to put the brakes on rocketing home sales, but while the number of deals has fallen by as much as 90% in some locations, prices have yet to drop much. The latest data shows that home prices have fallen by 3% to 5%, according to Xinhua.

31 May, 2010
UK house prices up 2% y-o-y in May, says Hometrack

LONDON: House prices in England and Wales are 2% up on a year ago, the biggest annual rise since January 2008, though non-seasonally adjusted monthly data points to a slowdown, property data company Hometrack said on Monday, May 31.

31 May, 2010
Stronger ties with S’pore to benefit Genting, UEM Land

KUALA LUMPUR: UEM Land Bhd and Genting Bhd are among the key beneficiaries of enhanced Singapore-Malaysia ties following last week’s talks between Singapore Prime Minister Lee Hsien Loong and his counterpart Datuk Seri Najib Razak in the city-state.

31 May, 2010