RCS Trust is an unlisted special purpose sub-trust which is 60%-owned by CCT and 40%-owned by CMT.

In a statement, MBSB announced it has appointed Sazaliza Zainuddin as a non-independent non-executive director, and Datuk Johar Che Mat and Lynette Yeow Su-Yin as independent non-executive directors.

“Singapore retains its title as the world’s most expensive city for a fourth consecutive year. Not only has Singapore stayed top but Hong Kong remains second, closely followed by Zurich. Meanwhile, the rise in the relative cost of living in Seoul has continued, it now occupies the sixth place,” the survey revealed.

The contract is for the proposed turnkey design, approval, build and delivery with certificate of completion and compliance for phase two consisting of a 216-room hotel complete with interior fit-out and furnishing, associated infrastructure works and equipment installation.

It attributes the improved earnings to higher profit contributions from its property development and investment business, higher sales volume of certain car models from HR Owen and better earnings from its hotels and resorts business.

EWI said 23,568 applications for 473.66 million shares were received from the Malaysian public, against the 48 million shares available for subscription, which were offered at RM1.20 apiece.

On Feb 28, a 2,885 sq ft unit at Ardmore Park in prime District 10 was sold at a S$3.5 million (RM11.08 million) profit. The seller bought the unit from the developer at S$5.4 million, or S$1,876 psf, in August 1996 and sold it at S$8.9 million, or S$3,085 psf.

In a stock exchange filing yesterday, Metronic said the JV agreement, dated Nov 15, 2013, lapsed after the parties failed to procure the necessary approvals and consents from the relevant authorities within the period provided in the agreement. The slowdown in the property market was also cited as a factor.

Leon Fuat said that it had received the Form H from the Land Administrator of Wilayah Persekutuan Kuala Lumpur on its notice of award of compensation in respect of the compulsory acquisition, which is subject to the acceptance of the company.

Singapore’s Prime Minister Lee Hsien Loong was present together as guest-of-honour with Vietnam’s deputy PM, Trinh Dinh Dung, at the opening ceremony held this morning at the office development in HCMC.