From left: Liew, Ng and Leong at the launch of S P Setia’s new marketing
campaign with Firefly

KUALA LUMPUR: S P Setia Bhd believes that its new branding campaign with Firefly airlines will provide greater reach for its products.

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) is acquiring 95% of the issued and paid-up capital in PT Primabahagia Permai Sejati (PT PPS), which has the location permit for a plot of 14,000 ha (34,594 acres) land in East Kalimantan for oil palm plantation.

KUALA LUMPUR: KPJ Healthcare Bhd is buying a piece of leasehold land in Johor for RM7.07 million.

In a filing to Bursa Malaysia on March 31, its unit Pasir Gudang Specialist Hospital Sdn Bhd had on the same day entered a conditional sale and purchase agreement with Johor Land Bhd for the acquisition of the 3.25-acre land.

KUALA LUMPUR: KYM Holdings Bhd is planning a residential development of bungalows, terraced homes, condominium and apartment on its newly acquired 41.36-acre leasehold land in Ipoh.

KUALA LUMPUR: OSK Property Holdings Bhd, through its unit Jelang Vista Sdn Bhd, is buying two plots of residential land at Cyberjaya for RM32.68 million.

KUALA LUMPUR: Bolton Bhd, through its wholly-owned subsidiary Kenneison Brothers Sdn Bhd, is selling its remaining 150,000 shares in Kenneison Builders Sdn Bhd for RM203,171.

In a filing to Bursa Malaysia on March 31, the developer said the 150,000 shares of RM1 each in Kenneison Builders, representing 60% of its equity interest, will be sold to Golden Prima Entity Sdn Bhd.

KUALA LUMPUR: General Corp Bhd saw a net profit of RM25.34 million for the fourth quarter ended Jan 31, 2010 (4QFY2010), from a net loss of RM10.2 million a year earlier, on the constructions of several projects.

SHANGHAI: The Industrial and Commerical Bank of China (ICBC) has decided to cut discounts for homebuyers on interest mortgage loans, a Chinese daily reported.

The Shanghai Daily reported on March 31 that the Beijing headquarters had ordered the Shanghai branch to cut down the mortgage rate discount for first-time homebuyers from the previous 30%. 

KUALA LUMPUR: Property developer, S P Setia Bhd has recorded RM900 million in sales as of March 22, less than five months into the current financial year ending Oct 31, 2010.

KUCHING:The Sarawak Timber Association (STA) is projecting an increase of five to 10 per cent in the price of logs and timber products in the next six to nine months.

Its Chairman, Datuk Wong Kie Yik, said industry players were anticipating prices to increase after seeing a sharp drop in export in the first two months of this year.