Best Western International continues growth in Asia and the Middle East

KUALA LUMPUR: Best Western International, the world's largest Hotel Chain® - is enjoying continued and solid growth in Europe and Asia, where it continues to add new hotels and resorts in an expanding portfolio that boasts over 4,000 properties in more than 80 countries and territories worldwide.

Two Kowloon sites tipped to fetch more than HK$6b

HONG KONG: Two medium-sized residential sites in Kowloon were triggered for auction on Wednesday, June 30, a move that showed developers were eager to replenish their land banks in urban areas.

Japan land prices drop at fastest pace in 13 years

TOKYO: Average land prices in Japan fell 8.0% in the year to January 1, the biggest drop in more than a decade, a government agency said, in a sign the country's real estate market is still reeling from the global financial crisis.

Australia's shoppers, builders feel bite from rates

SYDNEY: Australia's retail sales grew at a pedestrian pace in May, while approvals to build new homes fell sharply for a second month, adding to investor expectations that interest rates would stay on hold this month, if not for longer.

Kumpulan Europlus rakes in net loss of RM3.4 million

KUALA LUMPUR: Kumpulan Europlus recorded a net loss of RM3.4 million for its first quarter ended April 30, 2010 compared to a net profit of RM250,000 a year ago, it announced on Bursa Malaysia on Wednesday, June 30.

“The loss for the quarter was due to higher finance cost and lower other income, mitigated by lower operating expenses,” the Group said.

Talam Corp 1Q net profit drops 30%

KUALA LUMPUR: Talam Corporation Bhd's (Talam Corp) net profit for its first quarter ending April 30, 2010 dropped 30% to RM1.6 million from RM2.2 million the previous year, it said in a filing to Bursa Malaysia on Wednesday, June 30.

Its revenue meanwhile dropped 62% to RM23.3 million from RM61.4 million a year ago.

Jaks Resources sees 470% jump in 2Q net profit; drops 33% in revenue

KUALA LUMPUR: Jaks Resources's net profit for the second quarter ending April 30, 2010 rose 470% to RM890,000 compared to RM142,000 reported in the same quarter last year, the company said in a filing to Bursa Malaysia on Wednesday, June 30. 

However, revenue in the quarter dropped 33% to RM54.68 million from RM81.312 million in the same quarter the year before.