KUALA LUMPUR: Malaysia Resources Corp Bhd’s (MRCB) share price climbed as high as to RM1.77 yesterday before easing to end three sen or 1.75% higher at RM1.74, boosted by news that it had clinched a RM7 billion contract from Kwasa Land Sdn Bhd to develop the MX-1 project.

KUALA LUMPUR: UEM Sunrise Bhd (UEMS), the master developer of Nusajaya in Iskandar Malaysia, Johor announced that it has entered into a joint venture (JV) and shareholders agreement with Telekom Malaysia Bhd (TM) and Iskandar Investment Bhd (IIB) to form a managed services operating company.

KUALA LUMPUR: Mah Sing Group Bhd has appointed Ng Chai Yong as its chief executive officer (CEO) and executive director effective yesterday. He will preside over the organisation’s day-to-day operations. In a statement, Mah Sing said Ng, 53, has close to 30 years of experience in civil engineering, banking and property.

GEORGE TOWN: The narrow meandering paths that skirt around an assortment of houses in the village enclave of Pepper Estate somehow suggest a carefree time that the people residing there would have had when they grew up as children in the neighbourhood.

GEORGE TOWN: Neighbours of an illegally demolished precolonial bungalow that once belonged to 19th century tycoon Khaw Sim Bee have welcomed the government’s move to require the party responsible to rebuild the structure.

KUALA LUMPUR: Symphony House Bhd expects to obtain the Securities Commission Malaysia’s approval on the proposed reverse takeover (RTO) of the firm by Ranhill Energy and Resources Bhd over the next three to four months.

SHAH ALAM: I-Bhd has adopted a new dividend policy. The property developer aims to pay out not less than 30% of its net profit to shareholders starting from financial year 2014 ending Dec 31 (FY14). Chief executive officer Datuk Eu Hong Chew said the goal is to make I-Bhd a strong dividend play in the market.

KUALA LUMPUR:  The controversial reclamation project, known as Forest City and located near the Johor Second Link, is “threatening the existence” of the Port of Tanjung Pelepas (PTP), said DAP Member of Parliament for Kluang Liew Chin Tong.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has won the bid to develop “MX-1”— a coveted 64.1-acre (25.9ha) parcel slated to be the town centre of Kwasa Damansara — with an estimated gross development value (GDV) of over RM7 billion.

Shah Alam: I-Bhd launched a special preview of its i-Suite II residential-cum-commercial development over the weekend.

Designed as a functional home office, the 43-storey i-Suite II tower, comprising 328 units, sits on a 12-acre (4.8ha) plot on the western portion of i-City.