KUALA LUMPUR: PLB Engineering Bhd has successfully tendered for 19.86 ha (49.08 acres) of land in the southwest district of Penang island for RM38 million cash as it seeks to expand its land bank.PLB said on Monday, April 5 its unit PLB Land Sdn Bhd had signed a memorandum with the High Court of Malaya, Penang on March 31 pursuant to the successful bid to acquire the land in the court sanctione

IPOH: The Perak government has agreed to make Wenzhou in China its friendship city to enhance bilateral relations between the two towns, especially in trade, tourism and culture.

PHNOM PENH: Cambodia's parliament adopted a law on Monday (April 5) allowing foreigners to own property directly, one of the aims being to attract more investors to the Southeast Asian country.

KUCHING: Housing and Urban Development Ministry, in collaboration with Angkatan Zaman Mansang (Azam) Sarawak, will prepare a report for the State executive council on the new concept of longhouse development in Sarawak.

Asian real estate investment markets recovered strongly in 2H2009 after enduring a difficult start to the year. Investment turnover bottomed out in 1Q but improved thereafter as investor confidence returned, underpinned by low financing costs, the recapitalisation of private and public real estate funds/investors and the stabilisation of prices across key markets.

DUBAI: Dubai developer Emaar Properties will roll over 4.5 billion dirhams (US$1.23 billion or RM4 billion) debt maturing in 2010 into long-term project financing deals, a local daily said on Sunday, April 4 citing a company spokesperson.

KUALA LUMPUR: Hwang DBS Vickers Research has raised its target price for Malaysian Resources Corp Bhd (MRCB) to RM2.25 adding that the Employees Provident Fund may be forced to make a higher offer if it is serious in bringing its stake to 50%.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has the right resources to help the government and the Employees Provident Fund (EPF) in implementing the proposed development of 3,000 acres (1,214ha) of land in Sungai Buloh for a new hub in the Klang Valley, said MRCB CEO Mohamed Razeek Hussain.

PETALING JAYA: Plus Expressways Bhd (PLUS), the largest highway concessionaire in the country, will build three elevated interchanges at a cost of RM250 million in Sungai Buaya, Selangor; Alor Pongsu, Perak; and Bukit Gambir, Johor; for the convenience of users of the North-South Expressway.