MANILA: The head of the Asian Development Bank warned it was too early for Asian countries to end stimulus policies started during the financial crisis and said he saw no big risk of price bubbles in China, according to Reuters.

Haruhiko Kuroda said on Jan 14 that policymakers still needed to restore demand and stabilise financial systems to support the economic recovery.

NEW YORK: Stuyvesant Town and Peter Cooper Village debt holders demanded payment from Tishman Speyer Properties LP and BlackRock Inc within 10 days, a step toward foreclosing for New York’s largest apartment complex, said two people familiar with the matter.

KUALA LUMPUR: Minply Holdings (Malaysia) Bhd is undertaking a housing development project in Gemas, Negri Sembilan, with an estimated gross development value (GDV) of RM192 million, it announced on Bursa Malaysia on Jan 13.

KUALA LUMPUR: IOI Properties Bhd is targeting 80% sales in three months for its recently launched Skyville project (pictured) in Bandar Puchong Jaya, Selangor.

Skyville is a low-density gated and guarded development comprising only 60 units of 2½-storey semi-detached houses on a 10-acre site.

KUALA TERENGGANU: The Terengganu Land and Mineral Office has become the first land office in the country capable of carrying out transaction as well as non-transaction registration within a day.

Menteri Besar Datuk Ahmad Said said from October last year, the office managed to register 80% of such businesses in one working day compared to five days previously.

KUALA TERNGGANU: The Terengganu government has yet to receive a report on the investigation pertaining to the roof collapse of the Sultan Mirzan Zainal Abidin Stadium last June.

Menteri Besar Datuk Ahmad Said said the state government would disclose the cause of the collapse when it received the investigation papers.

KUALA TERENGGANU: Ten cars parked under the garage of a construction company were damaged when its roof collapsed after the pillars were hit by a crane today (Jan 13).

The incident occured at the Chendering industrial area at about 10am.

HONG KONG: Beijing's surprise decision to increase bank reserve requirements could signal an end to easy and cheap funding, putting pressure on the earnings of Chinese property and resources companies.

KUALA LUMPUR: The recent previews of Mah Sing Group’s latest residential projects in Cyberjaya and Selayang have drawn overwhelming interest from potential buyers.