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Wanted: Investors to turn Saddam's villas into gold

TIKRIT, IRAQ: Saddam Hussein made his palaces a desert paradise, but now his hometown is seeking foreign investors to turn the late dictator's playground into a tourist mecca.

Local officials see the 76 abandoned Saddam villas sprawled across hundreds of hectares (acres) as a potential gold mine for Tikrit's cash-strapped Salahuddin province.

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S P Setia and Firefly takes off together


From left: Liew, Ng and Leong at the launch of S P Setia’s new marketing
campaign with Firefly

KUALA LUMPUR: S P Setia Bhd believes that its new branding campaign with Firefly airlines will provide greater reach for its products.

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KPJ Healthcare buys land in Johor for RM7 million

KUALA LUMPUR: KPJ Healthcare Bhd is buying a piece of leasehold land in Johor for RM7.07 million.

In a filing to Bursa Malaysia on March 31, its unit Pasir Gudang Specialist Hospital Sdn Bhd had on the same day entered a conditional sale and purchase agreement with Johor Land Bhd for the acquisition of the 3.25-acre land.

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Bolton to sell remaining stake in Kenneison Builders

KUALA LUMPUR: Bolton Bhd, through its wholly-owned subsidiary Kenneison Brothers Sdn Bhd, is selling its remaining 150,000 shares in Kenneison Builders Sdn Bhd for RM203,171.

In a filing to Bursa Malaysia on March 31, the developer said the 150,000 shares of RM1 each in Kenneison Builders, representing 60% of its equity interest, will be sold to Golden Prima Entity Sdn Bhd.

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Shanghai banks cut mortgage loans discounts for first-time homebuyers

SHANGHAI: The Industrial and Commerical Bank of China (ICBC) has decided to cut discounts for homebuyers on interest mortgage loans, a Chinese daily reported.

The Shanghai Daily reported on March 31 that the Beijing headquarters had ordered the Shanghai branch to cut down the mortgage rate discount for first-time homebuyers from the previous 30%. 

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