KUALA LUMPUR: Palm Spring Development Sdn Bhd (PSD), a subsidiary of Tanco Holdings Bhd (Tanco), is looking to promote investment in Port Dickson by offering purchasers assured rental returns for its upcoming serviced suites.“Splash Park serviced suites offer an attractive investment opportunity in assured rental returns of up to 7% per annum for nine years,” said Datuk Seri Utama Mohammad Hasa

PETALING JAYA: Tune Hotels continues to strengthen its domestic presence as it opens its new 113-room hotel, called Tune Hotel Taiping, in Taiping, Perak.“Tune Hotels is delighted to be here in Taiping, underscoring our presence and growth in the northern region of Peninsular Malaysia,” said chief executive officer Mark Lankester in a recent press statement.“This [town] has a lot of potential f

SHAH ALAM: MKH Bhd’s RM1.3 billion Hillpark@Shah Alam North showed encouraging take-up rates for their newly launched phases called Pine, Cherry and Olive at its property launch last weekend.“This is a rapidly growing township as we have tested the response and market demand when we first launched our residential project called Pelangi Seri Alam three years ag

LUXEMBOURG: Setia City Mall in Setia Alam, Shah Alam, bagged the gold award in the retail category at the Federal of International Real Estate (Fiabci) Prix d’Excellence Awards held on Wednesday.Co-owned by S P Setia Bhd and Asian Retail Investment Fund, a fund managed by a leading international integrated property and infrastructure group Lend Lease, Setia Mall offers over 740,000 sq ft of net

SINGAPORE: TA Corp, a property construction and development firm, has bought a 400,100 sq ft plot in Tuas South Street with plans to build a workers’ dormitory, The Straits Times reported yesterday.

KUALA LUMPUR: Kuala Lumpur Kepong Bhd’s (KLK) net profit soared 50% to RM314.6 million in the second quarter ended March 31, 2014 (2QFY14) from RM209.7 million a year ago, due to improvement in its revenue.

Revenue for 2QFY14 jumped 31.2% to RM2.93 billion from RM2.24 billion.

KUALA LUMPUR: Analysts following DRB-Hicom Bhd were neutral to positive on the appointment of Tun Dr Mahathir Mohamad as non-executive chairman of national carmaker Proton Holdings Bhd, a wholly-owned unit of the diversified group.

Investors appeared indifferent as the counter closed a marginal two sen or 0.82% lower yesterday at RM2.42 per share.

ALOR SETAR (May 21): The Yang di-Pertuan Agong, Tuanku Abdul Halim Mu'adzam Shah arrived at Istana Chegar, Anak Bukit, here today to pay his last respects to Kedah Regency Council chairman Tan Sri Tunku Annuar Sultan Badlishah.

Tuanku Abdul Halim who had to cut short his state visit to Singapore arrived at 11.45am accompanied by the Raja Permaisuri Agong, Tuanku Hajah Haminah.

KUALA LUMPUR: Banking group AMMB Holdings Bhd sees the property sector as a potential area of concern in its wholesale segment.

The segment comprises its non-retail services such as corporate banking, institutional banking and investment banking.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has more than doubled its net profit to RM12 million for its first quarter ended March 31, 2014 (1QFY14), from RM5.3 million a year ago.

This was despite its revenue for 1QFY14 declining by 22% to RM204.6 million from RM262.0 million.