KUALA LUMPUR: Jetson Bhd (Jetson), through its wholly-owned subsidiary Jetson Construction Sdn Bhd (JCSB), has entered into a joint-venture (JV) agreement with China State Construction Engineering (Hong Kong) Ltd (CSCHK) on May 6, to form an unincorporated JV entity, Jetson-CSCHK joint venture, to prepare and submit a tender invited by Naza TTDI Sdn Bhd.

KUALA LUMPUR: Putrajaya Holdings Sdn Bhd (PJH)’s Venice-inspired commercial development, the Promenade@8 in Putrajaya, has seen 80% of its 106 units taken up.

The freehold development is the first waterfront development in Putrajaya. It comprises shopping lots, outdoor dining and leisure areas.

KUALA LUMPUR: Glomac Bhd and Axis REIT made their debut on the Top 50 Malaysian Small Cap Companies (50 Jewels) 2010 list by OSK Research, with the property developer claiming a Top 10 standing, the research house said on May 6. Plenitude Bhd and Hektar REIT, meanwhile, are retained in this year’s list.

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?