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Genting sues Miami authorities over slots refusal

The Genting group has filed a lawsuit against authorities in the southern US state of Florida, in an apparent last-ditch effort to force the state to allow card games and slots at its Resort World Omni Center in downtown Miami, the Miami Herald reported.

Mah Sing showcases five projects in Mapex 2016

The five projects that Mah Sing will showcase in the exhibition are the M Residence 2 at Rawang, Lakeville Residence at Taman Wahyu, Savanna Executive Suites and Lifestyle Shops at Southville City at KL South, The Loft at Southbay City, Penang and M City at Jalan Ampang.

RM4.2 bil worth of MRT2 contracts awarded

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded four work package contracts for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) line (MRT2), with a combined value of RM4.2 billion.

CIDB: Public projects worth RM50m and above to adopt MyCREST

The Construction Industry Development Board (CIDB) said the government will be mandating that all public projects worth RM50 million and above to adopt the Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST), in a bid to reduce carbon emissions in the construction industry.

Paramount’s 1Q earnings tumble 58.21% on lower property sales

The company’s education division, on the other hand, recorded a 67% jump in PBT to RM10.2 million from last year, on higher student enrolment and a RM2.3 million gain from the sale of student accommodation apartments, after KDU University College moved to its new campus in Glenmarie, Shah Alam.

Malaysia-Singapore’s DUO project topped out

M+S Pte Ltd (M+S) – a joint venture company between Malaysia’s Khazanah Nasional Bhd and Singapore’s Temasek Holdings – held a topping-out ceremony for its DUO integrated development at the Ophir-Rochor district in Singapore, the developer said in a press statement today.

Branz Tower Wellith Shinsaibashi South Malaysian launch this weekend

Japanese property developer Tokyu Land and property investment company NTT Urban Development Corp will launch the Branz Tower Wellith Shinsaibashi South project in Tokyo this weekend in Malaysia, said JLL Property Services (Malaysia) Sdn Bhd head of international residential property services Jazmine Goh.

MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances

Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.98% to RM34.84 million, from RM124.31 million in the corresponding period a year ago, mainly due to higher allowances for impairment losses on loans, advances and financing with the continuation of the impairment programme initiated by the group in the fourth quarter of 2014.