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Am ARA’s 3Q gross revenue grows by 5%

KUALA LUMPUR: Am ARA REIT Managers Sdn Bhd (Am ARA), the Manager of AmFIRST Real Estate Investment Trust, saw its gross revenue for the third quarter ended Dec 31, 2009 (3QFY2010) grow by 5% to RM24.69 million from RM23.51 million the previous year on improved performance. This was mainly attributable to income from new lettings and positive tenancy renewals.

Triplc’s net profit for 2Q falls 80%

KUALA LUMPUR: Triplc Bhd, a company under the local bourse property index, saw its net profit for the second quarter ended Nov 30, 2009 (2QFY2010) plunge 80.6% to RM250,000 from RM1.3 million a year earlier.

Lessons from Dubai

Amyrta Sen, the Nobel Prize winner for economics, was asked in an interview during the celebration of a city-state's independence day his view of city states. His comments were an insight into his thinking.

MGPA sees strong interest in its landmark project

KUALA LUMPUR: MGPA Asia Developments (MGPA) is in talks with two multi-national companies for an anchor tenant position for an office tower in its landmark redevelopment project in Jalan Tun Razak, said a top company official.

Fajarbaru eyeing Klang Valley land for property venture

KUALA LUMPUR: Construction outfit, Fajarbaru Builder Group Bhd, is looking to acquire landbank in the Klang Valley towards venturing into the property development business, besides bidding for larger and more sophisticated construction projects.

Malaysian builders to gain from PM’s India visit

KUALA LUMPUR: The spotlight is expected to fall on Malaysian construction firms when Prime Minister Datuk Seri Najib Razak leads a 200-member entourage for a five-day visit to India beginning tomorrow.