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China sets prudent, pro-active policies for 2012

BEIJING (Dec 14): China will maintain "prudent" monetary and "proactive" fiscal policies in 2012, the official Xinhua news agency said as the country's top economic policy-setting conference closed its annual meeting on Wednesday.

Indonesia lawmakers aim to give green light to land bill

JAKARTA (Dec 14): Indonesian lawmakers on Wednesday may approve the final draft of a long-awaited land bill that investors hope will speed up land acquisition for government infrastructure projects in Southeast Asia's biggest economy.

MBAS seals house, five business premises

ALOR SETAR (Dec 14): The Alor Setar City Council (MBAS) has sealed properties in a house and five business premises owned by defaulters who failed to settle outstanding quit rent for the past two to 14 years.

Its revenue division head Azalina Abdul Rahman said the action was taken after countless notices sent to the owners went unheeded.

New projects underpin Magna’s growth

We remain sanguine about Magna Prima Bhd’s (81 sen) earnings outlook for the next few years based on the company’s current roster of projects in hand.

More developers to build homes with PR1MA

SEREMBAN (Dec 14): More large developers are expected to work with the government to build afforable homes under the Projek Perumahan Rakyat 1Malaysia (PR1MA) housing scheme.

Liew is Malaysian E&Y Entrepreneur of the Year 2011

KUALA LUMPUR (Dec 14): Tan Sri Liew Kee Sin, president and CEO of S P Setia Bhd, has been honoured as the Malaysian Ernst & Young Entrepreneur of the Year (EOY) 2011. This was announced at the Ernst & Young EOY awards gala held at the J W Marriott Hotel in Kuala Lumpur last night.

Mah Sing's JV development of Pekeliling stalled

KUALA LUMPUR (Dec 14): Mah Sing Bhd has been informed by Asie Sdn Bhd that the joint venture agreement (JVA) for the development of a tract of land in Jalan Tun Razak has lapsed following the failure to meet an outstanding condition.

S P Setia's proposed land buy hits snag

KUALA LUMPUR (Dec 14): S P Setia Bhd's proposed acquisition of 1,010.5 acres (409ha) in Ulu Langat, Selangor for RM330.13 million hit a snag when the vendor did not agree to an extension of time for the transaction to fulfil certain conditions precedent to complete the deal.