The term “solar energy” is not new to us — electricity is generated from the sun’s rays, directly via photovoltaics (PV) or indirectly through concentrating solar power.  The latter uses the sun’s energy to boil water, which is then used to provide power. But let’s be honest, most of us wouldn’t know a PV cell or a solar cell if it hit us in the face.

Sunrise Bhd, which surprised the market with its partnership with Sime Darby Property to develop a prime commercial project in Shah Alam’s Bukit Jelutong, looks set to pull off another winner.

The local property mortgage market broke into a fierce price war last year as banks tried to outdo each other, wooing customers with innovative, flexible and competitively priced loan packages.

The Manhattan Loft Corp (MLC) CEO Harry Handelsman is a driven man, and he loves his work in property development. “There is an opportunity to make a difference.

GEORGE TOWN (Penang): The iconic Komtar which used to be the centre of commerce and hub of activity will soon to restored to its former glory.

KUALA LUMPUR: Hua Yang Bhd has acquired additional shares in Sunny Mode Sdn Bhd from Nestin Sdn Bhd for RM1 each.

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) believes the overnight policy rate (OPR), which was raised 25 basis points to 2.25%, will continue to support economic growth in Malaysia and it is unlikely to be a strain on the borrowers' cash flow and repayment ability.

PETALING JAYA: Space U8 in Bukit Jelutong, Shah Alam will open its doors to the public in July 2010. The 4-storey commercial project with a built-up of 700,000 sq ft is built on a hybrid concept of dual frontage, featuring shop offices on the outer frontage with an inner façade of retail outlets.

KLANG: The Agriculture and Agro-based Industry Ministry is offering a 50 per cent discount to 136 settlers of Kampung Sri Nadi, Johan Setia, here, to purchase land covering 48 hectares (118.6 acres) which they have been occupying for more than 40 years.

SEPANG: Power and automation technology group, ABB Malaysia Sdn Bhd, expects to achieve significant growth in line with the property market recovery this year.

ABB South Asia Region Manager and Country Manager Sim Boon Kiat said the property market is expected to improve with higher number of transactions involving new housing and more construction activities.