SHAH ALAM: Setia City, the 240-acre (96 hectares) integrated commercial hub in S P Setia Bhd's Setia Alam township in Shah Alam aims to be the first green integrated commercial development in the country.

KUALA LUMPUR: PLB Engineering Bhd has appointed Tengku Naizatul Shima as its independent, non-executive director, the company said in a Bursa filing on Thursday, Oct 21.

The 44-year old started her career in public affairs with UMW Holdings Bhd in 1991 before joining Perusahaan Otomobil Sdn Bhd (Perodua).

She later joined Sony (Malaysia) Sdn Bhd in 1998 as general manager.

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium-REIT) saw its net profit decline marginally to RM2.7 million for the third quarter ended Sept 30, 2010 (3Q) from RM2.81 million a year ago despite slightly higher revenue of RM3.6 million from RM3.54 million a year ago.

Its earnings per unit dropped to 2.22 sen from 2.31 sen, it announced on Bursa Malaysia on Thursday, Oct 21.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) net profit for the third quarter ended Sept 30, 2010 fell to RM40.51 million from RM52.68 million a year earlier, due mainly to higher impairment losses on loans advanced and lower income from Islamic banking operations.

Its revenue for the quarter however jumped to RM317.66 million from RM162.37 million in 2009.

KUALA LUMPUR:  Office-based Malaysian real estate investment trusts (M-REITs) may see some pressure given the planning of more office space coming onstream in the coming years, according to property players.

KUALA LUMPUR: Bintulu Port Holdings Bhd has received a letter of intent from the Sarawak government to submit a detailed proposal to build, own and operate a new seaport within the Samalaju enclave.

KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) RM5 billion plan to redevelop the tract of land near Stadium Merdeka, which includes building a 100-storey office block, is a move to diversify the investment group’s asset portfolio, said its group chief executive Tan Sri Hamad Kama Piah.

KUALA LUMPUR: Fajarbaru Builder Group Bhd, via its unit Fajabaru Builder Sdn Bhd (FBSB), has secured a RM36.47 million contract from the East Coast Economic Region Development Council (ECERDC) for proposed earthworks and infrastructure works for Pasir Mas Halal Park Phase 1 in Kelantan.

Work is scheduled to begin from Nov 1 and is expected to last 15 months.

KUALA LUMPUR: Zelan Bhd continued to pare down its shareholding in IJM Corp Bhd by selling off 900,000 shares in the latter on the open market for RM4.85 million cash or an average disposal price of RM5.40 apiece.

In a Bursa Malaysia filing on Thursday, Oct 21, the group said the price was arrived at on a willing buyer-willing seller basis.

SHAH ALAM: SP Setia Bhd's newly launched first integrated green commercial hub in Shah Alam, Setia City, will have a gross development value (GDV) of RM5 billion once completed within the next 10 to 15 years.