KUALA LUMPUR: BCB Bhd posted a pre-tax profit of RM1.04 million in its second quarter (2Q) ended June 30, 2010, 39.8% lower compared with RM1.73 million posted for the corresponding period last year, mainly due to the impairment of about RM470,000 made on certain inventories of a subsidiary in Kluang.

Event: The Infrastructure Investment World Asia 2010 brings together infrastructure developers, governments, investors, financiers and supporting industries to assess investment, project development and capital raising opportunities across Asia’s infrastructure landscape.

Date: Aug 31 - Sept 3, 2010

Venue: Shangri-La Kowloon, Hong Kong

KUALA LUMPUR: United Malayan Land Bhd (UM Land) is disposing a piece of freehold commercial tract held under titled No. 97972, PT No. 46, Seksyen 57, Kuala Lumpur, for RM25 million.

KUALA LUMPUR: Tambun Indah Group foresees the sales of the last 20 bungalow units from the 128 offered in the final phase of its Juru Heights project in Penang to be sold by 1Q2011, said its general manager Teh Theng Theng.

HONG KONG: An expected prolonged period of ultra-low mortgage rates, combined with a low supply of new residential homes are likely to keep home prices firm for the rest of 2010, according to Knight Frank’s latest report on the Hong Kong Luxury Residential Market.

LONDON: British housebuilder Bovis Homes said it swung to a first-half pre-tax profit while sales rates are holding up during the sluggish summer period, despite confidence in the sector tailing off.

BEIJING: With one arm, China is pouring cold water on property speculators. With the other, it is tossing a life buoy to the real estate sector via increased spending on affordable housing.

It is a tricky balancing act, and the stakes are high.

KUALA LUMPUR: Boustead Holdings Bhd posted pre-tax profit of RM185.9 million in its second quarter (2Q) ended June 30, up 126% from the corresponding period last year.

The group's revenue of RM2.98 billion for the first half of 2010 was also 20% higher than that posted during the corresponding period last year.

Hock Seng Lee

Another Score

Nothing New

During the company’s briefing last week, management clarified a few matters. It said it has appointed a consultant to investigate Sime Darby’s alleged cost overruns and maintains that no further provisions are needed. In the Middle East, WCT is awaiting the results of 2 tenders and is bidding for the Dukhan H’way extension.