PUTRAJAYA: India, which plans to raise its investment target in infrastructure projects to US$1 trillion (RM3.1 trillion), welcomes greater Malaysian participation given Malaysia's strength in the sector, India's Prime Minister Dr Manmohan Singh said on Wednesday, Oct 27.

KUALA LUMPUR: TRIPLC Bhd in its 1Q financials ended Aug 31, 2010, recorded a 30% drop in net profit to RM252,000 from RM360,000 a year ago.

The group in its filing with Bursa Malaysia on Wednesday, Oct 27 also reported a 93.5% drop in revenue to RM2.177 million from RM33.855 million the previous year.

HONG KONG: Moody's Investors Service says in a new special comment that last week's decision by the People's Bank of China to raise interest rates will have no immediate impact on the ratings or outlooks for its 22 rated Chinese developers.

SYDNEY: Australian property firm Stockland is selling its stake in GPT as it sees little prospect of buying assets from the rival property firm and is shifting its focus to other opportunities, the company said.

HONG KONG: A Lands Tribunal ruling has cast a shadow over attempts to save old but well-maintained walk-up buildings.

NEW YORK: Two of the world's largest commercial real estate services companies reported sharply improved earnings on Tuesday, Oct 26, fueled chiefly by a pickup in building sales and leasing, particularly in the United States.

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has a cautious view on certain proposed commercial developments, including the 100-storey Warisan Merdeka and the Kuala Lumpur International Financial District.

KUALA LUMPUR: Equine Captial Bhd announced on Tuesday, Oct 26 that it plans to sell Wisma KLIH along with the land the building sits on for RM58 million to Wonderful Vantage Sdn Bhd.

KUALA LUMPUR: Bina Darulaman Bhd’s net profit for the third quarter (3Q) ended Sept 30, 2010 dropped 13.6% to RM2.11 million from RM2.44 million a year ago.

In its filing on Bursa Malaysia on Tuesday, Oct 26, 2010, the Group also reported revenue dropped by 28.4% to RM37.07 million from RM51.79 the previous year.