KUALA LUMPUR: Scomi Engineering Bhd on Thursday, Dec 16 received the letter of award for the RM494 million KL Monorail Fleet Expansion Project from Syarikat Prasarana Negara Bhd (SPNB).

The job will take 31 months to complete, Scomi Engineering told Bursa Malaysia. No further details were provided on the scope of the project in the filing with the exchange.

KUALA LUMPUR: Property developer YTL Land and Development Bhd will launch its iconic condominium The Capers in Sentul East in the first quarter of 2011, its customer relation's manager Karen Tan said.

KUALA LUMPUR: The Malaysian real estate market is expected to grow at a modest rate next year underpinned by continued economic recovery and liquidity in the market, said property consultants.“Soft markets such as the office market may see better growth than markets where prices are already quite high,” said Knight Frank Malaysia managing director Eric Ooi.He said the outcome of the anticipated

Even without studying the numbers, I’ll bet arranged marriages have a lower failure rate than love jobs. There has been much written about the phenomenon of falling in love.  Whole industries from astrology to wedding organisers rely heavily on it.

S P Setia

Still going strong

• We are maintaining our BUY rating on SP Setia Bhd with our fair value unchanged at RM6.80/share, based on a 5% discount to our fully-diluted (FD) NAV estimate of RM7.16/share.

KUALA LUMPUR: The HIA National Outlook, a quarterly report card on Australia's housing industry, is signaling a soft residential building market for 2011.

Following a reasonable 2010, indications are that the new home building recovery will reverse in 2011, says the Housing Industry Association (HIA) in a statement on Dec 16.

KUALA LUMPUR: Mitrajaya Holdings Bhd — through its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd — will construct the remaining of Block C5-2, C5-3, Surau and Rubbish Chambers at Precinct 8 in Putrajaya.

The developer received the Letter of Award (LoA) from HLP Bina Sdn Bhd for RM14 million.

KUALA LUMPUR: LBS Bina Group Bhd has been issued a public reprimand by Bursa Securities for a 39.4% deviation in its net profits from its unaudited and audited financial results for the financial year ended Dec 31, 2008.

KUALA LUMPUR: YNH Property Bhd has lined up some RM3.7 billion worth of upmarket real estate launches in the coming financial year and plans to increase property sales by 20% a year over the next three fiscal years.

KUALA LUMPUR: GTower Sdn Bhd's GTower Hotel has bagged six awards at the recent Hospitality Asia Platinum Awards 2010-2012 (HAPA) and two awards at the Malaysia Interior Design Awards 2010 (MIDA) recently.