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City&Country: Green is the new black

Convinced that green building practices and advanced technological developments are the way forward,  the Malaysian Institute of Architects (PAM),  organisers of the annual architecture and design event DATUM: KL 2010, have cho

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Ivory Properties post net profit of RM8.44m

KUALA LUMPUR: Recently listed property developer Ivory Properties Group Bhd registered a net profit of RM8.44 million for its second quarter ended June 30, 2010 (2QFY2010). Its pre-tax profit for the quarter was RM12 million, while it posted a revenue of RM25.9 million.

Its basic earnings per share was 5.98 sen.

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SBC net profit down 54.5% from a year ago

KUALA LUMPUR: Construction firm SBC Corporation Bhd posted net profit of RM1.28 million in its first quarter ended June 30, 2010 (1QFY2011), down 54.5% from RM2.81 million a year ago as it recorded lower revenue.

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Hubline to acquire leasehold land and buildings for RM15m

KUALA LUMPUR: Hubline Bhd is acquiring two parcels of leasehold land and buildings in Miri for RM15 million from Many Plus Realty Sdn Bhd.

Its unit Hubline Logistics Sdn Bhd had signed two sales and purchase agreements with Many Plus Realty on Friday, July 23 for the acquisition.

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Equator Life Science receives land disposal offer from Sin Chew

KUALA LUMPUR: ACE market-listed company Equator Life Science Bhd received an offer from Sin Chew Media Corporation Bhd to purchase a piece of leasehold industrial land in Johor.

The offer for disposal involves a piece of land measuring 1.88 hectares (4.6 acres) for RM2.94 million, the company said in a filing to Bursa Malaysia on Friday, July 23.

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Bolton launches Arata of Tijani

KUALA LUMPUR: Bolton Bhd will be launching the final phase of its 42-acre Tijani development in Bukit Tunku, popularly known as Kenny Hills, in Kuala Lumpur on Saturday, July 24.

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China to launch property tax in 2012

BEIJING: China will start levying a property tax in 2012 as part of measures to regulate volatility in the real-estate market.

The annual tax will be introduced in a pilot scheme in several cities, according to the National Business Daily, citing an unidentified participant at a Ministry of Finance seminar.

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