KUALA LUMPUR: OSK Property Holdings Bhd saw its net profit for the first quarter ended March 31, 2010 (1Q FY2010) drop 29.25% to RM1.88 million, from RM2.66 million the previous year due to higher selling and marketing expenses incurred during the period.

KUALA LUMPUR: Bina Puri Holdings Bhd has been awarded a RM306.9 million contract to build a Universiti Teknologi Mara (UiTM) campus in Kota Samarahan, Sarawak.

KUALA LUMPUR: MBM Resources Bhd has awarded a RM6.65 million construction contract to Pembinaan Teknikhas Sdn Bhd.

Its 86%-subsidiary Federal Auto Holdings Bhd had on May 17 issued the award letter to Pembinaan Teknikhas to build a 6-storey annex to the existing Volvo 3S (sales, service and spare parts) centre in Temasya Industrial Park, Shah Alam.

KUALA LUMPUR: Penang-based property developer Asas Dunia Bhd made a net profit rose to RM3.7 million in its first quarter ended March 31, 2010 (1QFY10), versus a net loss of RM653,000 the previous year on higher revenue.

KUALA LUMPUR: HwangDBS Investment Management Bhd (HwangDBS IM) has declared a gross interim income distribution of 0.75 sen for its HwangDBS Global Property Fund (GPF) for the financial period ending May 31, 2010.

SINGAPORE: The global real estate industry is focusing its attention on new investment opportunities in Asia as countries in the region show signs of economic recovery.

PENANG: The Tourism Ministry is ready to demolish the two arches built near the entrance of the Penang Botanical Gardens if the technical report shows that they are unsafe. Minister Datuk Seri Dr Ng Yen Yen said that according to the non-governmental organisation (NGO) report, there was a tilt on one of the two arches.

PETALING JAYA: The Royal Malaysian Air Force (RMAF) was ready to shift its Sungai Besi airbase in Kuala Lumpur to enable the base to be developed as a commercial hub.

However, the government has not made such a request yet, RMAF chief Datuk Seri Rodzali Daud said on Monday May 17.

TAWAU (Sabah): A total of 52,240 units have already been built under the People's Housing Scheme (PPR) project to enable the low income group, single mothers and the poor to rent such houses said Housing and Local Government deputy minister Datuk Seri Lajim Ukin.