KUALA LUMPUR:The Penang Bridge obtained the top score from the Malaysian Highway Authority (MHA) in a 2009 survey for its maintenance and operational services.

In a statement on Friday April 2, Penang Bridge Sdn Bhd said the bridge scored an average rating of 92.4 per cent, which was an improvement over 2008 when the bridge scored an average of 83 per cent.

PETALING JAYA: Dijaya Corp Bhd will be launching a new commercial and lifestyle development named Tropicana Avenue (pictured) located within the Tropicana Golf and Country Resort in Petaling Jaya, Selangor in the middle of the year.

PETALING JAYA: Johor Corp (JCorp) is building a RM23 million Islamic business school in Kota Tinggi, Johor.

Its president and chief executive, Tan Sri Muhammad Ali Hashim, said the business school, Academy JCorp, would focus on teaching, developing and implementing Islamic principles into business practices.

NEW YORK: General Growth Properties Inc, the No 2 US mall owner, filed an eagerly awaited plan to exit bankruptcy on Wednesday (March 31), setting the stage for suitors such as Simon Property Group Inc to come in with rival bids.

Still no news on RCULS conversions

We met with KLCC Property Holdings’ (KLCCP) new Head of Finance & Accounts Division, Encik Azmi Yahaya, and Head of Legal & Corporate Services Division, Encik Abd Aziz Abd Kadir.

Today, we introduce our “Construction: Jobs Flow Tracker”, which seeks to measure the momentum of contract awards. Over the 1Q10 period, some RM2.85bn worth of jobs was awarded. Domestic contracts showed a healthy 16% y-o-y increase but contracted by 38% q-o-q due to the high base effect.

UNITED STATES (U.S.): Churches emerged from previous economic downturns relatively unscathed, lenders noted. But the recent recession was preceded by an unusual boom in church building.

HONG KONG: Hong Kong housing prices hit a 12-year high in the first quarter after increasing 7.5 per cent from the end of 2009.

The surge was powered by a combination of low interest rates, limited supply and growing confidence in Hong Kong's economic recovery, according to a housing index compiled by Centaline Property Agency.

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) has a Buy call on Sunway Holdings with a sum-of-parts target price of RM1.95

Sunway had on Thursday, April 1 accepted the letter of award for a RM88 million contract from KLCC Holding Sdn Bhd to build Phase 2 of Impiana KLCC Development.

KUALA LUMPUR: Dijaya Corporation Bhd has re-designated Dickson Tan Yong Loong as its executive director from his previous position as non-executive director.