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.

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.