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More than RM4 billion invested in Sabah Development Corridor in two years

SANDAKAN: The private sector has invested more than RM4 billion in the Sabah Development Corridor (SDC) related projects, since its launch two years ago.

Chief Minister Datuk Seri Musa Aman said in addition, another RM20 billion worth of investments are in the planning stage with some initiatives having been highlighted in the Budget 2010.

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Asian real estate investment markets recover strongly in 2H2009

Asian real estate investment markets recovered strongly in 2H2009 after enduring a difficult start to the year. Investment turnover bottomed out in 1Q but improved thereafter as investor confidence returned, underpinned by low financing costs, the recapitalisation of private and public real estate funds/investors and the stabilisation of prices across key markets.

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HDBSVR ups MRCB target price to RM2.25

KUALA LUMPUR: Hwang DBS Vickers Research has raised its target price for Malaysian Resources Corp Bhd (MRCB) to RM2.25 adding that the Employees Provident Fund may be forced to make a higher offer if it is serious in bringing its stake to 50%.

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MRCB: Rights issue a success

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has the right resources to help the government and the Employees Provident Fund (EPF) in implementing the proposed development of 3,000 acres (1,214ha) of land in Sungai Buloh for a new hub in the Klang Valley, said MRCB CEO Mohamed Razeek Hussain.

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Three more interchanges on North-South Expressway

PETALING JAYA: Plus Expressways Bhd (PLUS), the largest highway concessionaire in the country, will build three elevated interchanges at a cost of RM250 million in Sungai Buaya, Selangor; Alor Pongsu, Perak; and Bukit Gambir, Johor; for the convenience of users of the North-South Expressway.

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e-Mohon system expedites land application process in Terengganu

KUALA TERENGGANU: The Terengganu government is to resolve problems associated with land applications immediately through the e-Mohon system installed at the Lands and Mines Office, Menteri Besar Datuk Ahmad Said said here.

He said e-Mohon was a computer process which expedited applications by way of democraticising land distribution to the landless.

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