SHANGHAI: Shanghai's stock of individual mortgages fell by 1.06 billion yuan (RM487 million) in August, the first monthly fall this year, as government efforts to cool down the sector continued to hit home purchases.
KUALA LUMPUR: Daiman Development Bhd (DDB) has entered into a memorandum of understanding (MoU) with the People’s Government of Chaozhou Municipality (PGCM) to acquire and develop a 300-acre tract of land in Chaoan County, China.
A Bonus Surprise
THE BUZZ
On 7 Sept 2010, Plenitude proposed a 1-for-1 bonus issue (Bursa).
OUR TAKE
Announces 1-for-1 bonus issue. We had always wondered what Plenitude would do with the large reserves that the company has been building up since its listing in 2003.
An Expanding Presence in Johor
THE BUZZ
On 9 Sept 2010, SP Setia announced that it would be acquiring 259.1 acres of freehold land within the Tebrau Corridor in South Johor, Malaysia, from a private developer called Kelana Ventures SB. The acquisition is expected to be completed in late 2011. (Bursa)
OUR TAKE
DUBAI: State-owned conglomerate Dubai World reached a formal deal to restructure almost US$25 billion (RM77.6 billion) of liabilities, partly easing recently heightened concerns over the Gulf emirate's debt woes.
FRANKFURT: Bailed-out German bank Hypo Real Estate (HRE) will temporarily receive an additional 40 billion euros (RM159 billion) in guarantees to set up a bad bank, the national bailout fund Soffin said on Friday.
The total volume in guarantees will increase to 142 billion euros to avoid liquidity shortages at HRE, Soffin said.
Like most young couples, Betty and her husband were looking for an affordable landed property as their first home in 2008.
Jalan Ampang in Kuala Lumpur boasts several landmark buildings housing medical and health-and-wellness related services, among them Gleneagles Hospital and the Ampang Puteri Specialist Hospital.
Bukit Jelutong in Shah Alam will soon have a world-class development.
KUALA LUMPUR: Loh & Loh Corporation Bhd and its joint venture partner Sinohydro Corporation Ltd have received the letter of acceptance from Tenaga Nasional Bhd for the RM828.33 million Hulu Terengganu hydroelectric project.
Loh & Loh said on Thursday, Sept 9, work on the project would be within 130 days after the receipt of the letter of acceptance.
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