KUALA LUMPUR: Eco World Development Group Bhd has launched a toastmasters club geared towards enhancing its employees’ communication skills.

PETALING JAYA: Axis REIT Managers Bhd (ARMB), the manager of Malaysia’s first listed real estate investment trust Axis Real Estate Investment Trust (Axis REIT), plans to strengthen its balance sheet by buying more assets and refurbishing its existing ones.

KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) has raked in a net profit of RM58.5 million in its third quarter ended March 31 (3QFY14), an increase of 5.9% year-on-year from RM55.2 million.

Its revenue came in 1.5% higher at RM108 million from RM106.4 million. Earnings per share came in higher at two sen compared with 1.98 sen a year earlier.

KUALA LUMPUR: Tan Sri Liew Kee Sin, who will step down from his post as chief executive officer and president of S P Setia Bhd tomorrow, will join the board of Eco World Development Group Bhd (Eco World) as a director next Tuesday, said sources.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is considering a proposal to merge four of its portfolio companies to form Southeast Asia’s second largest property firm by assets, a source with direct knowledge of the matter said.

SHAH ALAM: Naza TTDI Sdn Bhd, the property development arm of the Naza group, may consider launching a real estate investment trust (REIT) if it hits its target of RM3 billion in total investment assets within five years, according to its group managing director SM Faliq SM Nasimuddin.

KUALA LUMPUR: Unfazed by slowdown jitters, Penang-based property player Tambun Indah Land Bhd saw a 115.7% surge in net profit to RM25.3 million in the first quarter ended March 31 of financial year 2014 (1QFY14), from RM11.7 million a year ago.

KUALA LUMPUR: The loss-making ferry service linking Penang island to Butterworth is expected to be a major focus of the new owner of Penang Port Sdn Bhd (PPSB), the company operating the port and ferry, as it has previously been a stumbling block to its initial public offering.

SHAH ALAM: The corporate exercises that Eco World Development Group Bhd proposed last week could potentially propel the company into the league of top 10 developers in the country in terms of market capitalisation.

PETALING JAYA: Property developer Tropicana Corp Bhd has appointed Tan Sri Rastam Mohd Isa (pic) as its new chairman effective April 25, replacing Datuk Rohana Mahmood, the previous independent non-executive chairman of Tropicana.