HONG KONG: Hong Kong received on Tuesday, June 8 an opening bid of HK$6.8 billion (US$871.4 million) in its third land auction this year, after the selling prices of the previous two fell short of expectations.

Construction sector
Maintain overweight: The award of the Semantan intake and pumping station works is a positive indication that works are rolling in, albeit after a long wait of 13 months. We believe the award for other upstream packages will follow.

KUALA LUMPUR: Dijaya Corporation Bhd has aborted its plan to acquire the remaining 75% of a Mongolian property development holding company, Transglobal Ltd (TGL), and instead is selling a 25% stake it already owned in the latter.

KUALA LUMPUR: Sime Darby Property Bhd has been selected as the inaugural recipient of Frost & Sullivan's 2010 Malaysia Green Builder of the Year Award for its best practices in the industry.

KUALA LUMPUR: One of Datuk Wira Chor Chee Heung’s top priority as the new Housing & Local Government (KPKT) Minister is to reduce public complaints against the Ministry and agencies under its purview.

KUALA LUMPUR: RAM Ratings has reaffirmed the enhanced AAA(bg)/P1(bg) ratings of E&O Property (Penang) Sdn Bhd (EOPP)'s RM350 million Bank-Guaranteed Commercial Papers/Medium-Term Notes Programme (CP/MTN).

"The long-term rating has a stable outlook," the rating agency said in a statement on June 7.

KUALA LUMPUR: techpark@enstek, a 209.6ha technological hub development in Bandar Enstek, Sepang, on June 7 received the HALMAS certification, which is a special status reserved for halal parks.

LANGKAWI: Langkawi is facing shortage of rooms to meet rising number of local and foreign tourists, particularly during school holidays and international events like Langkawi International Maritime Exhibition (Lima).

KUALA LUMPUR: Seven states have achieved nearly 100% in the registration of land transfers within one working day, since streamlined procedures were introduced early this year.