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Mah Sing to explore other opportunities in Jiangsu, China

KUALA LUMPUR: Property developer Mah Sing Group Bhd plans to explore other potential investment opportunities in Jiangsu, China. The company had signed a letter of intent in early December to develop a mixed property development project in Wujin district, Changzhou, Jiangsu province.

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IJM’s The Light Point records 70% take-up

KUALA LUMPUR: IJM Land Bhd’s The Light Point, its second luxury condominium project at the iconic waterfront development The Light in Penang has achieved 70% sales. More than 100 interested buyers participated in the balloting session for the project’s 88 units last Saturday Dec 19, 2009.

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MRCB upbeat on outlook

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is looking forward to better years ahead, given the progress of its ongoing projects and its more robust financial position, said CEO Mohamed Razeek Hussain.

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Dubai World meets creditors, offers no proposal

DUBAI: State-owned Dubai World did not ask creditors for a standstill on its $22 billion debt at a meeting on Monday Dec 21, 2009, adding to uncertainty for investors who have been in the dark for weeks and hurting local bank shares.

Dubai's flagship conglomerate met around 90 of its creditors and was expected to formalise a request for a debt standstill.

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Falling glass hurts four

HULU TERENGGANU: Four workers, a Malaysian and three Bangladeshis, were hurt when a glass sheet being installed on the roof of Kuala Berang new bus terminal fell.

It was understood that 15 workers were busy working on the roof at 3.05pm today Dec 21, 2009 when the incident occured. The four workers, two on the roof and two below were hurt in the hands and legs.

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Court orders Sri Aman Dev to build temporary road

SHAH ALAM: The High Court here on Dec 21, 2009 has ordered Sri Aman Development Sdn Bhd, the developer of Paramount View Condominium in Petaling Jaya to continue building the temporary access road in Jalan SS1/25 to the condominium until the permanent access road in Jalan 22/44D is completed.

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