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PAM launches book by renowned Bangladeshi architect

KUALA LUMPUR: The Malaysian Institute of Architects (PAM) has launched  the first-ever monograph on contemporary architectural practice in Bangladesh, dedicated to international award-winning architect Mohammad Rafiq Azam.“Schools only taught me about scale and measurements.

More incentives and consistency to spur India’s green real estate growth

INDIA: India’s slow growth in its green real estate could be overcome by consistency, effectiveness in legislation and incentives provided by urban local bodies and developers, said Jones Lang LaSalle (JLL) India Realty.According to JLL India chief operating officer for integrated facilities management, West Asia, Rajat Malhotra, the incentives are segregated into the urban local body and devel

Main Place Residence obtains CFO

SUBANG JAYA: The Main Place Residence in USJ 21 has finally obtained a certificate of fitness and occupancy (CFO) after it was abandoned three times, much to the delight of purchasers who had bought units at the project as far back as 1998.

Gamuda 2Q net profit up 8.43% to RM170.12m

KUALA LUMPUR: Gamuda Bhd’s net profit jumped 8.43% to RM170.12 million in its second quarter ended Jan 31, 2014 (2QFY14) from RM156.89 million a year ago on higher contribution from all divisions. Revenue also rose 3.49% to RM517.63 million from RM500.18 million previously. However, its earnings per share dropped to 7.41 sen from 7.52 sen a year ago.

1MDB close to winning solar plant contract

KUALA LUMPUR: Government-owned 1Malaysia Development Bhd (1MDB) is in line to win the contract to build the country’s largest solar power plant in Kedah, said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili, since it is the only bidder to propose a project of that size.

Major reclamation shock for Queensbay residents

GEORGE TOWN: Residents of Penang island’s southeastern quarter have been jolted by revelations that a new reclamation plan is being eyed at the famous Queensbay area, opposite Pulau Jerejak.

The news comes as a shocker not least because there are already a few high-profile reclamation projects in the works in Penang, each boasting mega development projects worth billions.

Kimlun bags S$20.52m job for S’pore MRT

KUALA LUMPUR: Kimlun Corp Bhd has accepted a project to supply and deliver precast concrete segment to Contract T206, Thomson Line of Singapore MRT system for S$20.52 million (RM53.43 million).

‘Penang’s property sales likely to decline’

GEORGE TOWN: The transaction volume of Penang’s secondary property market for the first half of this year is likely to decline due to banks’ credit-tightening measures, said Malaysian Institute of Estate Agents (MIEA) Penang.