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.

KUALA LUMPUR: Developer DNP Holdings Bhd, a subsidiary of Singapore-listed Wing Tai Holdings Ltd, is launching the second block (Tower B) of its high-end residential project Verticas Residensi situated within Bukit Ceylon in Kuala Lumpur on Jan 16, 2010.

The launch of Tower B follows the encouraging 70% take-up recorded for Tower A since July last year.

KUALA LUMPUR: The UK’s retailer heavyweight Tesco is making its presence felt in China with the opening of a 76,000 sq m multiplex housing a shopping mall, hypermarket and restaurants in the seaside city of Qingdao in Shandong province.

GEORGE TOWN: The Penang state government has set into motion various initiatives to ensure efforts towards the heritage conservation of George Town as a UNESCO World Heritage site are on track.

KUALA LUMPUR: UOA Real Estate Investment Trust (UOA REIT)’s revaluation of its properties, UOA Centre, UOA II, UOA Damansara and UOA Pantai has resulted in a revaluation surplus of RM29,149,523, UOA REIT announced Jan 12.

HONG KONG: Beijing needs to tighten its monetary policy to avoid a property bubble and runaway inflation, or face an economy growing at a superheated 16 per cent this year, a top government research institute warns, according to the South China Morning Post.The assessment, by economists He Fan and Yao Zhizhong of the Chinese Academy of Social Sciences, comes in the face of a promise by Premier

KUALA LUMPUR: Over 400 buyers have registered themselves since IOI Properties Bhd opened its latest residential development 16 Sierra for registration this morning (Jan 12), an official of the company told theedgeproperty.com.

In another step towards full convergence with the International Financial Reporting Standards (IFRS) in 2012, the Malaysian Accounting Standards Board (MASB) last week announced the issuance of three revised Financial Reporting Standards (FRSs), amendments to five existing FRSs and four new interpretations.