KUALA LUMPUR: There is an increasing trend of foreign construction workers undertaking small-scale construction and renovation works - this is posing a serious threat to the livelihood of legitimate local contractors as they often charge lower price, says Master Builders Association Malaysia (MBAM).

KUALA LUMPUR: Zecon Bhd is expected to record RM8.11 million in profit from the disposal of 3.186 ha of land in Kuching to CMS Property Development Sdn Bhd for RM22 million.

Zecon said on Wednesday, Sept 8 that the land was situated at Tanah Puteh, Kwong Lee Bank Road, Kuching and the original cost of investment was RM11.18 million on March 28, 2005.

KUALA LUMPUR: The Singapore government’s recent decision to impose its third batch of measures to encourage greater financial prudence among property buyers and to stabilise property prices would benefit banks, according to Moody’s Investors Service.

KUALA LUMPUR: The Singapore government's recent decision to impose its third batch of measures to encourage greater financial prudence among property buyers and to stabilise property prices would benefit banks, according to Moody's Investors Service.

DUBAI: The United Arab Emirates (UAE) is taking nascent steps to raise income from wealthy residents accustomed to tax-free living as it tries to recover from last year's burst of the real estate and asset bubble.

INTERFERING with the market is something unorthodox in Hong Kong, but there are times when tough action has to be taken in order to rescue it. The government's heavy-handed intervention in the stock market in 1998 to fight back international speculators was a case in point.

KUALA LUMPUR: Permaju Industries had on Sept 6 entered into another supplemental sale and purchase agreement (SPA) with Hardie Development Sdn Bhd (HDSB) to revise some of the terms under an earlier SPA dated March 5, Permaju announced on Bursa Malaysia on Tuesday, Sept 7.

KUALA LUMPUR: Seal Incorporated Bhd, via its subsidiary Seal Lifestyle Development Sdn Bhd (SLD), has on principle accepted the proposed master lease from Aeon Co (M) Bhd to lease out the yet-to-be-built Aeon Shopping Complex in Bayan City Penang, it announced on Bursa Malaysia on Tuesday, Sept 7.

KUALA LUMPUR: Plenitude Bhd has proposed a first and final single tier tax exempt dividend of 15% (15 sen per share) for the financial year ended June 30, 2010, it announced on Bursa Malaysia on Tuesday, Sept 7.

The dates of entitled and payment of the dividends, which are subject to the approval of shareholders at the forthcoming AGM, will be announced later.