KUALA LUMPUR: Sime Darby Bhd president and group chief executive Datuk Seri Ahmad Zubir Murshid has been asked to take leave of absence ahead of his contract expiring on Nov 26 following huge losses in its energy and utilities divisions.

Sime Darby said on on Thursday, May 13 that it estimates a negative impact of RM964 million in 2HFY10 from losses in the divisions.

LONDON: Average residential land prices in England rose by 11.5% in the 12 months to the end of March 2010, the strongest rate of growth since the first quarter of 2005, said Knight Frank LLP, an independent global property consultancy based in London.

SYDNEY: U.K. property investor Scarborough Group International and two Australian firms -- fund manager Acorn Capital and Pacific Shopping Centres -- have jointly launched a new Australian firm targeting stalled development projects.

Sterling set of results from property sales

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.