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Ken Holdings moving into hospitality business

KUALA LUMPUR: Ken Holdings Bhd plans to go into the hospitality industry to generate recurring income for the group, said its chairman and managing director Kenny Tan.

Kampung Baru redevelopment awaits cabinet approval

PORT DICKSON (Negri Sembilan): The Kampung Baru redevelopment plan will be presented to the Cabinet this Wednesday or next, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.

Dubai retail market beginning to recover

DUBAI: Anecdotal evidence suggests that retail sales in Dubai are beginning to recover, according to Jones Lang LaSalle’s (JLL) MENA House View report for April 2010. 

The report quoted the Dubai Chamber of Commerce’s data indicating that the total retail spending in Dubai is expected to increase by around 4% in 2010 and by more than 8% in 2011.

South Integrated Transport Terminal ready by July

KUALA LUMPUR: The South Integrated Transport Terminal (SITT) in Bandar Tasik Selatan here is expected to be ready ahead of scheduled by July, Transport Minister Datuk Seri Ong Tee Keat said.
  
The RM570 million project undertaken by Maju Holdings Sdn Bhd is expected to replace Puduraya as Kuala Lumpur's main terminal for southbound buses.

South Korea completes world's longest seawall

SEOUL: South Korea has completed the world's longest seawall, blocking in a reclaimed tidal flat, which the government hopes to transform into a large-scale industrial, tourism and agricultural site by 2020.

RM3m makeover turns Yeng Keng Hotel into luxurious stay

GEORGE TOWN: From a facility charging RM5 per bed per night for travellers on a shoe-string budget, Yeng Keng Hotel here, which was built in the mid-1800s, will reopen its doors as a five-star boutique hotel come June.

Beginning in 2009, Hoo Kim Properties group had invested over RM3 million in renovating the once dilapidated building in bustling Chulia Street.

S.Korea NPS to buy Berlin Sony Center for US$767 mln

SEOUL: South Korea's national pension fund, the world's fifth biggest, said on Sunday it was in the final stage of talks to buy Sony Center in Berlin, Germany, for about 850 billion won (US$767 million).