GEORGE TOWN: Boustead Holdings Bhd has submitted a RM60 million compensation claim from the Penang Island Municipal Council (MPPP) for having to scale down its Royale Bintang Hotel project from 12 floors to five.

JAKARTA: Indonesia's central bank kept interest rates unchanged as expected but emphasised that subdued price pressures meant inflation this year would be at the lower end of its target range, signalling it was in no rush to raise rates.

SYDNEY: Australia's central bank raised its key cash rate by 25 basis points to a 14-month high of 4.25% on Tuesday, April 6 and flagged further moves ahead as the resource-rich nation rides a tide of Asian demand.

NEW YORK: The US office vacancy rate in 1Q reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilisation, according to a report by real estate research firm Reis Inc.

SINGAPORE: Perennial Real Estate, a firm set up by CapitaLand’s former retail chief Pua Seck Guan, plans to launch private equity funds that will invest in shopping malls in China and Singapore to tap the region’s growing consumer demand.

Malaysian Resources Corp Bhd (MRCB)

(April 5, RM1.69)

KUALA LUMPUR: MTD Capital Bhd has completed the disposal of its MTD Building and Bangunan Shell Malaysia to Haluan Gigih Sdn Bhd, the company told Bursa Malaysia on April 5.

KUALA LUMPUR: A prime development land with an indicative worth of RM19.6 million within the upmarket U-Thant enclave near the Kuala Lumpur City Centre is being put up for sale via bidding exercise.

ABU DHABI: Some 66 hotels and hotel apartments across Abu Dhabi emirate reduced hotel carbon emission by 5,246 kilogramme during the March 27 Earth Hour global conservation exercise, Emirates news agency (WAM)
said.

KUALA LUMPUR: PLB Engineering Bhd has successfully tendered for 19.86 ha (49.08 acres) of land in the southwest district of Penang island for RM38 million cash as it seeks to expand its land bank.PLB said on Monday, April 5 its unit PLB Land Sdn Bhd had signed a memorandum with the High Court of Malaya, Penang on March 31 pursuant to the successful bid to acquire the land in the court sanctione