E & O records robust earnings Eastern & Oriental Bhd (E&O) achieved a net profit of RM75 million and recorded strong income growth of 67% for FY2010 ended March 31.“The group’s improved position is attributable to its well-timed and successful launch of the St Mary Residences condominiums in Kuala Lumpur and Quayside Seafront Resort Condominiums in Penang,” E &

Dijaya aborts Mongolia property ventureDijaya Corp Bhd has aborted a plan to acquire the remaining 75% of Mongolian property development holding company Transglobal Ltd (TGL).

SunREIT’s yield may touch 7.5%Sunway REIT Management Sdn Bhd (SunREIT) has told institutional investors that its dividend yield range will be between 6.8% and 7.5%.

Berjaya Land ends Korean JVBerjaya Land Bhd’s proposed joint venture with South Korea’s Jeju Free International City Development Center (JDC) to build a Themed Village project has lapsed, according to a June 22 filing with Bursa Malaysia.Berjaya said that it had decided to focus on its current joint-venture development project in Jeju with JDC.

PNB to conduct study on Kampung Baru redevelopmentPermodalan Nasional Bhd (PNB), Malaysia’s largest fund manager, will conduct a study on the government’s plan to redevelop Kampung Baru.PNB president and CEO Tan Sri Hamad Kama Piah Che Othman says the study is to determine whether the redevelopment will yield competitive returns for the company following the government’s propos

Relocation of Lai Meng School and Kindergarten approvedThe Ministry of Education has approved the relocation of Lai Meng School and Kindergarten from Jalan Ampang to Bukit Jalil, Magna Prima Bhd announced on Bursa Malaysia on July 1.

Mah Sing acquires prime land in Klang Valley for RM276.1 millionMah Sing Group Bhd's acquisition spree is continuing with the latest purchase of three plots of land, where it plans to develop projects worth a combined gross development value of RM1.1 billion.

IJM Land’s project sees 50% take-upIJM Land Bhd’s latest addition to the RM5.5 billion The Light Waterfront project — The Light Collection 1, with a GDV of RM203 million — saw a take-up rate of 50% even before its official launch during the weekend of July 31.The Light Collection 1 is the third chapter of The LIght development in Penang, after the launch of The Light Linear and

Opportunity for EPF contributors to buy high-end housesFrom Aug 1, contributors to the Employees Provident Fund (EPF) who have not made withdrawals to buy houses or to reduce their housing loans will be able to purchase higher-priced houses under the fund’s Flexible Housing Withdrawal Scheme.The EPF’s CEO Tan Sri Azlan Zainol said on July 29 that the facility was introduced to

KYM Holdings Bhd acquires RM3 mil land near Gohtong JayaManufacturing and property development company KYM Holdings Bhd is acquiring three contiguous parcels of leasehold land in Genting Highlands for RM3 million.In a July 20 filing, the company said it had entered into a sale and purchase agreement on July 19 with the vendor Datuk Seri Thiagarajah Nadarajah JP for the parcels