KUALA LUMPUR: Satang Holdings Bhd sold its freehold Bukit Jelutong land measuring about five acres to Mega Regal Development Sdn Bhd for RM18 million, the group announced on Tuesday, Nov 20.

The group decided to sell the land because land is not expected to contribute materially to the business of Satang Holdings in the future as the group does not have plans to develop the land.

KUALA LUMPUR: Techpark@Enstek, the 524-acre technology park in Bandar Enstek, has envisaged becoming Southeast Asia's biotechnology hub by 2020.

NUSAJAYA: Iskandar Malaysia has received an additional allocation of RM700 million to develop various infrastructure at the development corridor for the next two years.

SHAH ALAM: Menteri Besar Incorporated (MBI), the parent company of Selangor state subsidiaries, sold two plots of land worth RM438.5 million to Permodalan Negeri Selangor Bhd (PNSB), a state agency, on Tuesday, Nov 30.

KOTA KINABALU: The state government will strive to come up with "the best decision" to resolve issues concerning the proposed 16-storey commercial building project near the Atkinson Clock Tower, one of the historical heritage sites in Sabah, near Padang Merdeka here.

KUCHING: Some of the public transport initiatives that are implemented in the Klang Valley can easily be duplicated in all the major cities, including Kuching, said the Transport Ministry's secretary-general Datuk Long See Wool.

KUALA LUMPUR: Pasdec Holdings Bhd recorded a net loss of RM2.04 million from a net profit of RM24,000 a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned dropped by 44% to RM14.49 million from RM26.1 million a year ago.

KUALA LUMPUR: Al-'Aqar KPJ Real Estate Investment Trust (REIT) recorded a drop in net profit of 2% to RM9.94 million from RM10.16 million a year ago in its third quarter (3Q) financial results ended Sept 30, 2010, the trust announced on Tuesday, Nov 30.

Revenue rose 21% to RM19.15 million from RM15.82 million a year ago.

KUALA LUMPUR: Zecon Bhd recorded a net loss of RM2.29 million compared to a net loss of RM9.04 million a year ago in its thid quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue, on the other hand, rose 34% to RM59.8 million from RM44.49 million a year ago.

KUALA LUMPUR: Ranhill Bhd recorded an increase in net profit by 86% to RM15.64 million from RM8.38 million a year ago in its first quarter (1Q) financial results ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned, however, dropped 11.5% to RM443.24 million from RM501 million a year ago.