KUALA LUMPUR: WCT Bhd has secured two separate projects from the Qatar and Malaysian governments collectively worth about RM1.49 billion.

KUALA LUMPUR: The government has been urged to curb house price speculation to protect the interest of those in the low and medium-income group, some of whom have been saving up for years but are unable to afford a home.

KUALA LUMPUR: The Selangor Executive Council has agreed to implement the Integrated Corporate Integrity System in the management and administration of the Selangor State Development Corporation (PKNS).

KUALA LUMPUR: The Federal Territories and Urban Well-being Ministry is simplifying the process of buying houses from existing
Public Housing (PA) and People's Housing Projects (PPR) to allow low income earners to own homes.

MELAKA:  Kerjaya Hotel Sdn Bhd plans to invest RM400 million to build a four-star 32-storey hotel, the tallest in Melaka, together
with three blocks of serviced apartments.

Melaka Chief Minister Datuk Seri Mohd Ali Rustam, in announcing the project, said the hotel will be developed on a 3.645-hectare site and is expected to be completed in 2014.

SIBU (Sarawak): HDC-Amcorp JV Sdn Bhd, the developer of Sibu Jaya township, has shifted focus from low-cost to medium and high-end housing, under a revised masterplan.

Amcorp Properties Bhd senior manager, Sia Yiik Jai, said the company has re-submitted its masterplan for the remaining 300 hectares of the 570ha township, which was approved by the Sarawak Planning Authority in 2006.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB), which will be developing the RM5 billion Warisan Merdeka landmark, says it is
well-positioned to finance the integrated development project from its own internallygenerated funds.

KUALA LUMPUR: Hua Yang Bhd posted net profit of RM4.31 million for the second quarter ended Sept 30, 2010 (2Q2010), up 57% from RM23.9 million a year ago on the back of better sales and construction progress for the current period.

Its revenue increased by 49% to RM35.63 million from RM23.9 million a year ago, it announced on Bursa Malaysia on Wednesday, Oct 20.

KUALA LUMPUR: WCT Bhd has secured two separate contracts in Qatar and Malaysia worth a total of approximately RM1.49 billion.

In a filing to Bursa Malaysia on Wednesday, Oct 20, WCT said it had been awarded a contract by the government of Qatar to build and maintain a government administrative building in Doha for a lump sum equivalent to RM1.36 billion.

KUALA LUMPUR: MIDF Research believes Mah Sing Bhd's landbanking activities will gather momentum despite the company's recent RM1.1 billion acquisition of Kinrara, Subang-Damansara and Bukit Jelutong land parcels.