Highlights:

Mudajaya Group
Unstoppable Momentum

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) has been included into MSCI Malaysia Index while two property stocks, IGB Corp Bhd and KLCC Property Holdings Bhd (KLCCP), have been removed from the index — a benchmark for foreign fund managers in terms of portfolio allocation.

KUALA LUMPUR: The cabinet has agreed in principle to entrust the task of redeveloping the Sungai Besi Royal Malaysian Air Force (RMAF) base to a consortium of companies that include 1Malaysia Development Bhd (1MDB), sources say.

KUALA LUMPUR: WCT Bhd is targeting to secure RM2 billion worth of projects this year to add to its existing order book of RM3.2 billion, said its deputy managing director Goh Chin Liong.

Following the Middle Eastern oil trail

HONG KONG: Hongkong and Shanghai Hotels, the owner of Peninsula hotels around the world, saw yields increase in the first quarter of this year, with its Hong Kong business weathering the economic downturn best.

HONG KONG: Shopping mall operators in Hong Kong are offering free hotel rooms, gourmet dinners prepared by Michelin chefs, facial treatments and abalone breakfasts to compete for late-night shoppers during the football World Cup, which kicks off next month.

KUALA LUMPUR: The most expensive office market in the world is currently London’s West End, followed by Hong Kong’s Central Business District (CBD) and Tokyo’s Inner Central, according to CB Richard Ellis Group, Inc (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey.

KUALA LUMPUR: Putrajaya Perdana Bhd saw its net profit for the first quarter ended March 31, 2010 (1QFY2010) rise 46.6% to RM10.9 million, from RM7.4 million over the same period last year despite lower revenue.