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S.Korea April dept store sales growth nearly doubles

SEOUL: Sales growth at South Korea's top three department stores in April almost doubled, government data showed on Tuesday, adding to evidence of a sustained recovery in Asia's fourth-largest economy.

I-Bhd's first quarter pre-tax loss eases

KUALA LUMPUR: I-Bhd's pre-tax loss for its first quarter ended March 31, 2010 fell to RM1.45
million from RM1.681 million in the same quarter last year. Revenue fell to RM819,000 from RM1.467 million previously.

UK commercial property value growth slowed in April

LONDON: British commercial property values rose 0.8 percent in April, half the growth rate in March as the market's run-up in prices lost momentum, the Investment Property Databank (IPD) said on Monday, May 17.

KLCC Property group pre-tax profit for FY2010 rises 25%

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP)’s group revenue for its financial year ended March 31,2010 rose by 2% to RM881.3 million compared with RM866.5 million in the previous financial year ended March 31, 2009.

Construction of hotels to help state Islamic religious councils

KUALA LUMPUR: The Malaysian Endowment Foundation is building five 3-star hotels on its endowment land in Terengganu, Perak,Melaka, Negeri Sembilan and Kelantan.

Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom said on Monday May 17 the hotels, which cost RM100 million each, were expected to be completed between next year and 2012.