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Developers high-yielding bonds may carry sting

HONG KONG: The good news first: people who invested in bonds issued by newly listed China developers are getting record high interest rates. But the bad news is that the risk of losses on these bonds is mounting as the housing market shows signs of slowing.

15 September, 2010
fahrenheit88 targets over RM250m in retail sales

KUALA LUMPUR: The newly opened fahrenheit88 is targeting over RM250 million in retail sales revenue a year from its tenants, said Kuala Lumpur Pavilion Sdn Bhd retail chief executive officer Joyce Yap.

15 September, 2010
AIM to gain RM1.6m from land disposal

KUALA LUMPUR: Advance Information Marketing Bhd (AIM) stands to recieve a net gain of RM1.6 million from the disposal of its property in Shah Alam for RM6.6 million cash.

14 September, 2010
Usaha Citra demands Seloga to hold EGM for appointment of new directors

KUALA LUMPUR: Usaha Citra Sdn Bhd, a substantial shareholder of Seloga Holdings Bhd, has demanded that the group hold an EGM to appoint five new directors chosen by the former.

In a Bursa Malaysia filing on Tuesday, Sept 14, the group said that it had received a letter dated Sept 8 from Usaha Citra, requesting for the EGM.

14 September, 2010
Global average price of hotel rooms up 2%

KUALA LUMPUR: The global average price of hotel rooms rose 2% in the second quarter (2Q) of 2010 compared with rates a year earlier, due to stronger demand from both leisure and business travellers, according to Hotels.com Hotel Price Index for 2Q2010.

14 September, 2010
BLand acquires B-Kyoto to establish Japanese presence

KUALA LUMPUR: Berjaya Land Bhd (BLand) has acquired Berjaya Kyoto Development (S) Pte Ltd (B-Kyoto) for S$1 (RM2.33), as it seeks to establish a presence in Japan.

In a Bursa Malaysia filing on Tuesday, Sept 14, the group said it had acquired the company from Teow Gek Keo.

14 September, 2010
Shanghai home loans falls in August

KUALA LUMPUR: Home loans in Shanghai fell for the first time this year in August following months of slow growth in mortages as China's central bank tightened credit policies, the Shanghai Daily reported.

14 September, 2010
Sales of new homes in Shanghai still growing

KUALA LUMPUR: Sales volume of new homes in Shanghai maintained its upward trend for the third straight week in tandem with a growth in supply, as buyer sentiment improved further during the traditional peak season for home purchases that began early this month.

14 September, 2010
Loan guarantees for HOS owners

HONG KONG: Owners of government-subsidised flats are being offered loan guarantees to make it easier to rent or sell their homes on the open market.

14 September, 2010
Genting clears final hurdle for New York Aqueduct Racetrack

KUALA LUMPUR: Genting group has finally cleared the last hurdle for the proposed Aqueduct Racetrack in New York when the State Comptroller Thomas DiNapoli approved the contract on Monday, Sept 13.

News reports said comptroller Thomas DiNapoli approved a contract calling for the installation of 4,500 video lottery terminals at the track.

14 September, 2010