KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) has exceeded its sales target of RM2 billion for the current financial year ending Oct 31 (FY14), generating RM2.015 billion as of July 31, 2014.

Its projects namely EcoSky, EcoMajestic, EcoBotanic, EcoSpring and Eco Business Park I contributed to the sales performance.

KUALA LUMPUR: Genting’s Philippines-based Resorts World Manila (RWM) is spending about US$650 million (RM2.06 billion) to double its gaming and hotel capacity there, the Philippine Daily Inquirer reported yesterday.

This is part of RWM’s preparation to face stiffer competition after it became the Philippines’ first privately-operated integrated gaming resort.

CYBERJAYA: Cyberview Sdn Bhd is aiming to raise Cyberjaya to global technology hub status by 2020.  

Managing director Fariz Yahaya said the initiative would be carried out in partnership with various agencies such as the Malaysian Investment Development Authority (Mida), Multimedia Development Corp (MDEC) and InvestKL.  

KUALA LUMPUR: Datuk Wira Azhar Abdul Hamid — who had been chief executive officer (CEO) of Mass Rapid Transit Corp Bhd (MRT Corp) since September 2011 — resigned yesterday to take responsibility for the fatal mishap that occurred at the MRT worksite within the former Rubber Research Institute near Kota Damansara in Petaling Jaya on Monday night.

KUALA LUMPUR: Matrix Concepts Holdings Bhd, which reported a 41.3% jump in net profit for the second quarter ended June 30, 2014 (2QFY14), plans to double its gross development value (GDV) to at least RM800 million by the end of this year from RM409 million as at June 30.

KUALA LUMPUR: Parkson Holdings Bhd is selling KL Festival City Mall for RM349 million in cash, as the group intends to concencrate on developing larger malls to drive the department store group’s expansion plans.

UALA LUMPUR: Timber concessionaire and property developer Tadmax Resources Bhd plans to raise up to RM18.6 million by issuing some 37.276 million shares in private placement to finance the purchase of a piece of land and its property development expenditure.

CYBERJAYA: Emkay Group’s subsidiary, MKN Embassy Development Sdn Bhd, developer of the Radius Business Park, saw a prelaunch take-up of 25% for its shop offices. This was revealed at the official launch on Wednesday at Wisma Mustapha Kamal here.

SHANGHAI: As online shopping businesses are grabbing the market share from the traditional retail market, retail mall operators are mixing up the tenant mix by increasing the proportion of food and beverage (F&B) tenants, reported Knight Frank in the Shanghai Retail Market Report 2Q2014.

INDIA: The investment sentiment is seen improving with the new government as cities across India show a growth in office-leasing activity and retail leasing remains stable across the cities’ high streets, according to a report by Jones Lang Lasalle (JLL) (India). Residential demand, however, remains largely sluggish.