KUALA LUMPUR: Construction group Naim Holdings Bhd (Naim)'s net profit dropped by 11% to RM13.993 million for the first quarter ending March 31, 2010 from RM15.848 million in the corresponding quarter a year ago.

Revenue on the other hand rose 29.4% in the quarter under review to RM123.353 million from RM95.307 million recorded in the corresponding quarter last year.

KUALA LUMPUR: The rising cost of building and construction materials in Asia is still at a manageable level, said the Master Builders Association of Malaysia (MBAM).

PUTRAJAYA: The government will implement many more initiatives which will make the government more accessible and mobile. 

Chief Secretary to the Government Tan Sri Mohd Sidek Hassan said the launch of the e-Land system for instance, would modernise the process of land administration.

KUALA LUMPUR: Bina Goodyear Bhd (BG) recorded a loss of of RM909,000 in the third quarter of 2010 ended March 31, 2010 compared with a loss of RM4.717 million in the corresponding quarter a year ago.

It also reported a 26.38% drop in revenue with a collection of RM67.231 million for the quarter under review versus RM91.324 million from the same period last year.

KUALA LUMPUR: MajuPerak Holdings Bhd performance for the first quarter ending March 31, 2010 recorded a net profit of 63.75% with RM393,000 compared with RM240,000 in the corresponding quarter a year ago. The Group’s revenue rose 60.61% over the first quarter of 2010, recording RM3.087 million versus RM1.922 million.

KUALA LUMPUR: Sarawak-based Hock Seng Lee Bhd (HSL) has achieved a 30% increase in net profit for the first quarter ending March 31, 2010 with RM13.541 million compared with RM10.419 million in the corresponding quarter in 2009. Revenue collected during the quarter under review was up 19% to RM92.406 compared with RM77.878 million in 1Q 2009.

KUALA LUMPUR: CapitaMalls Asia, the leading shopping mall owner in Asia expects to achieve returns on investments (ROI) for its three retail properties in Malaysia within 15 years, according to Sharon Lim, CapitaMalls Asia country head, Malaysia.

KUALA LUMPUR: Suasana Loft and Suasana Sentral condominium residents at Kuala Lumpur Sentral will be temporarily relocated to either the La Meridian or Hilton Kuala Lumpur hotels nearby during concrete pouring sessions at the 348 Sentral development site.

CHANGLUN (Kedah): Agencies under the Agriculture and Agro-based Industry Ministry have been directed against issuing Certificates of Firness (CF) to projects that do not meet the required criteria.