KUALA LUMPUR: Malaysia Rating Corp Bhd (MARC) has withdrawn its rating of A-ID on OSK Property Holdings Bhd’s RM50 million Class B Serial Bai-Bithaman Ajil Islamic Debt Securities (Class B BaIDS) with immediate effect.

KUALA LUMPUR: Budding property developer KYM Holdings Bhd is seeking fresh opportunities in the Klang Valley, a crucial and timely move to expand real estate income contribution to 30% of the company’s revenue within two years.

Riding on recovery

KUALA LUMPUR: JAKS Resources Bhd's share price advanced in mid-morning on Wednesday, April 14 after RHB Research sees sum-of-parts (SOP) fair value at RM2 due to Vietnam power plant, dam and property joint ventures.

At 11am, it was up 1.5 sen to 84.5 sen with 6.53 million shares done.

KUALA LUMPUR: Australian property developer Walker Corp is investing RM1.7 billion in the development of the first exclusive waterfront project in the eastern corridor of Iskandar Malaysia.

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has allowed its conditional takeover offer of construction and property development firm Malaysian Resources Corp Bhd (MRCB) to lapse after receiving acceptances amounting to only 3.34% comprising 45.64 million shares.

SHAH ALAM: Selangor Barisan Nasional (BN) assemblymen want Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim to brief how the state government had selected DPZ Asia Sdn Bhd as one of the four companies to undertake the rehabilitation and cleaning up of the Klang River.

KUALA LUMPUR: The East Integrated Transport Terminal (EITT) project in Gombak, near here, which has stalled since 2001, is expected to start in June and the first phase ready by March next year.

LONDON: Savills Research expects the introduction of the new 5% stamp duty tax on properties of more than £1 million (RM4.98 million) may provide a short boost to the central London market over 2010 and 2011 as buyers seek to complete deals before its introduction in April 2011.