JAKARTA: Indonesia's central bank kept interest rates unchanged as expected but emphasised that subdued price pressures meant inflation this year would be at the lower end of its target range, signalling it was in no rush to raise rates.
SYDNEY: Australia's central bank raised its key cash rate by 25 basis points to a 14-month high of 4.25% on Tuesday, April 6 and flagged further moves ahead as the resource-rich nation rides a tide of Asian demand.
SINGAPORE: Perennial Real Estate, a firm set up by CapitaLand’s former retail chief Pua Seck Guan, plans to launch private equity funds that will invest in shopping malls in China and Singapore to tap the region’s growing consumer demand.
ABU DHABI: Some 66 hotels and hotel apartments across Abu Dhabi emirate reduced hotel carbon emission by 5,246 kilogramme during the March 27 Earth Hour global conservation exercise, Emirates news agency (WAM)
KUALA LUMPUR: PLB Engineering Bhd has successfully tendered for 19.86 ha (49.08 acres) of land in the southwest district of Penang island for RM38 million cash as it seeks to expand its land bank.PLB said on Monday, April 5 its unit PLB Land Sdn Bhd had signed a memorandum with the High Court of Malaya, Penang on March 31 pursuant to the successful bid to acquire the land in the court sanctione
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.