LBI Capital buying land in Selangor for RM6.096 million

KUALA LUMPUR: LBI Capital Bhd (LBI), through its subsidiary Goldmount Resources Sdn Bhd (GRSB) has entered into a sales and purchase agreement on May 19 to acquire a 10.25-acre vacant leasehold land in Selangor from Sanjung Hemat Sdn Bhd and Permodalan Negeri Selangor Bhd for RM6.096 million.

Equine Capital records net loss of RM25.84 million in 1Q 2010

KUALA LUMPUR: Equine Capital Bhd has recorded a net loss of RM25.84 million against in its first quarter ended March 31, 2010 against a net loss of RM20.41 million in the corresponding quarter in 2009.

Revenue in the quarter under review is RM25.3 million compared with the previous corresponding quarter's RM12.14 million.

China asset bubbles no longer a risk - economist

SINGAPORE: The asset bubble in China is no longer a major economic risk on the back of tightening policies, David Wong chief economist at Shui On Land was quoted as saying at the Cityscape Asia 2010’s  keynote session on the economic outlook for China.

Mulpha International 1Q profit up to RM49.15 million

KUALA LUMPUR: Mulpha International Bhd recorded a profit after tax of RM49.15 million and revenue of RM147.87 million for the first quarter ended March 31, 2010 compared with a loss of RM9.5 million and revenue of RM142.43 million in 1Q 2009.

China’s home prices expected to fall amid tightening measures

SHANGHAI: Downward pressure is expected on China’s soaring home prices should the Chinese government deepens tightening policies meant to curb investment and speculative demand, according to Colliers International latest Shanghai Research Bulletin.

China's REITs in final phase of approval

BEIJING: China's real estate investment trust (REITs) plan is now in the last lap of approval from the State Council.

"If everything proceeds as anticipated, the first batch of REITs may be launched in the second half of this year.
Only institutional buyers would be allowed to purchase the REITs initially," sources told China Daily on May 19.