HONG KONG: Beijing should impose a real estate tax on speculative investors in order to rein in the red-hot property market, a leading government think tank said on May 5.

HONG KONG: Swire Properties, the property unit of Swire Pacific, has pulled its plans to raise up to US$2.7 billion (RM8.81 billion) through a Hong Kong initial public offering, sources said on Thursday, May 6, amid a broad market sell-off.

BANGI: The Works Ministry is expected to set up five trading hubs to market construction material produced by local entrepreneurs said its Minister Datuk Shaziman Abu Mansor.

CHICAGO: The aggressive efforts to promote Malaysia's Bio-Xcell including during the world largest biotechnology gathering here are paying dividends.

The response received for the biotechnology ecosystem and park in Iskandar Malaysia is encouraging and as a result, the enquiries would have to be filtered down to find suitable companies that fit within the ecosystem.

KUALA LUMPUR: New home prices hit record highs in Shanghai last month as sales of luxury housing continued to be robust despite Beijing’s efforts to curb speculation, said ShanghaiDaily.com.

KUALA LUMPUR: Shanghai's retail sales jumped 22% during the May Day weekend holiday in China, the highest jump since 2005 -- as more tourists thronged the city for the World Expo and more consumers opened up their wallets, said the ShanghaiDaily.com.

Semen Gresik courting CIMA again?

Bina Puri expects award of LCCT building works

* Bina Puri Holdings Bhd (Bina Puri) said that it hopes to receive a letter of award for the new Low Cost Carrier Terminal (LCCT) main terminal and satellite-building works soon, said Business Times in a report on May 6, 2010.

Results in-line; Mahkota Parade refurbishment done

1QFY2010 Results Review: A pleasant surprise indeed