IJM Land Bhd
(March 1, RM2.10)

The Government is currently evaluating a proposal to build another highway linking the northern and southern parts of peninsular Malaysia, said The New Straits Times in a report today (March 2).

* Proposed highway is to complement the existing North-South Expressway (NSE) - currently owned and operated by PLUS Expressways Bhd.

PETALING JAYA: The Borneo Convention Centre (BCCK) (pictured) in Kuching, Sarawak, is poised to boost Malaysia’s growing appeal as the preferred destination for meetings, incentives, conventions and exhibitions (MICE).

KUALA LUMPUR: United Malayan Land Bhd (UM Land) hopes to roll out two new projects with a total gross development value (GDV) exceeding RM600 million (in Kuala Lumpur and Iskandar Malaysia, Johor) this year.

JAKARTA: The search and rescue (SAR) operation for victims of last week's landslide at the tea growing area of Desa Tenjolaya, Pasirjambu, Bandung, West Java, has been officially stopped on March 1.

LONDON: Property investor NewRiver and Morgan Stanley Real Estate Investing have created a joint venture to acquire UK retail property which has bought its first portfolio for £49 million (RM253.83 million).

The closed-end NewRiver Retail Investments LP JV's deal capacity is more than £250 million, including leverage, NewRiver said in a statement on March 1.

JEDDAH: Jeddah needs almost a million housing units over the next 20 years, says a strategic plan prepared by the Jeddah municipality.

KUALA LUMPUR: Golden Horse Palace Bhd (GHPB), a subsidiary of Country Heights Holdings Bhd (CHHB), is acquiring 20 units of Country Villas from its sibling Country Heights W.T.C Sdn Bhd (CHWTC) for a total of RM4 million.

KUALA LUMPUR: A six-member delegation, including the top management of Renexus Group, Malaysia, is currently discussing with Pakistani authorities in Lahore to build low-cost houses, introduce Wimax technology and develop waste water treatment facilities.

HONG KONG: Sun Hung Kai Properties decision to pay a steep price for a residential site in Tseung Kwan O is a move to take advantage of its development across the street and use the high land cost to price the flats there at a large premium, market watchers say.