SINGAPORE: Singapore's economy grew more strongly than expected in the first quarter, helped by a recovery in manufacturing, but the government warned of risks from asset price bubbles in Asia and the fallout from Europe's debt crisis.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB)’s recorded group revenue of RM189.8 million for 1Q2010, down 7% against RM204.2 million over the same period a year ago, mainly due to lower property sales, it was announced on Bursa Malaysia on May 19.

KUALA LUMPUR: SPK-Sentosa recorded a loss before tax of RM2.359 million for the quarter ended March 31, 2010 (1Q2010), compared with a profit before tax of RM2.678 million for the same quarter last year. This was announced on Bursa Malaysia on May 19.

KUALA LUMPUR: TRC Synergy Bhd's unit Trans Resources Corp Sdn Bhd has secured a RM45 million contract to upgrade the Sultan Ismail Petra airport in Kota Baru.

TRC said on Wednesday, May 19, its unit received the letter of acceptance from Wira Akil Holdings Sdn Bhd on Monday.

KUALA LUMPUR: Faber Group Bhd has had two contracts totalling AED65.6 million (RM57.8 million) with the Department of Municipal Affairs, Western Region Municipality (WRM), Emirate of Abu Dhabi, renewed for another year.

KUALA LUMPUR: General Corp Bhd (GCB) will dispose of its entire operations (including assets and liabilities) to Consistent Record Sdn Bhd (CRSB) for RM505.044 million. GCB entered into a conditional sales and purchase agreement with CRSB as announced on Bursa Malaysia on May 19.

KUALA LUMPUR: Eastern & Oriental Bhd announced a share buy back exercise on May 19 on Bursa Malaysia. A total of 350,000 ordinary stock units of RM1 each were purchased for RM332,287.29.

KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) acquired 19.18 acres of freehold industrial land in HICOM Industrial Estate in Shah Alam for RM45.5 million or about RM54.45 psf, it announced on Bursa Malaysia on May 19.

The land was acquired by Mah Sing through its wholly-owned subsidiary, Multi Synergy Group Sdn Bhd from Quill Industrial Properties Sdn Bhd.

KUALA LUMPUR: Dijaya Corp Bhd (Dijaya) recorded revenue of RM58.37 million for 1Q2010, an increase of RM13.59 million or 30.34% compared with RM44.78 million for the preceding corresponding quarter, an announcement on Bursa Malaysia on May 19 stated.

KUALA LUMPUR: Encorp Bhd recorded revenue of RM47.63 million for 1Q2010, as announced on Bursa Malaysia on May 19.

This is attributed mainly to the sale of property, contract revenue and the annuity interest income arising from the completion and handover of a teachers’ quarters.