KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) aims to increase the revenue contribution of its corporate lending segment to 40% by the end of next year from the current 30%, according to CEO Datuk Ahmad Zaini Othman.

KUALA LUMPUR: Ivory Properties Group Bhd expects to reduce its net gearing ratio with gains from the disposal of four parcels of land to Aspen Vision Development Sdn Bhd.

Ivory has proposed to dispose of the land for a total cash consideration of RM35 million, which in turn, will enhance the group’s cash flow by RM31 million.

KUALA LUMPUR: Two big acquisitions last year pushed IGB real estate investment trust’s (IGB REIT) net profit to RM53.8 million for the third quarter ended Sept 30, a 740.4% surge year-on-year from RM6.4 million previously.

Revenue rose to RM108 million, 8.8 times higher than RM12.3 million a year ago. Earnings per share improved to 1.58 sen compared with 0.19 sen a year ago.

KUALA LUMPUR: Sunway Bhd is joining forces with Japanese property developer Mitsui Fudosan (Asia) Pte Ltd to build two blocks of condominium units at Sunway Geo Residences Development, located within the Sunway South Quay development.

KUALA LUMPUR: Glomac Bhd seeks to maintain its profit margins and sales for the year ending April 30, 2014 despite rising costs, said group managing director and CEO Datuk Fateh Iskandar Mohamed Mansor.

KUALA LUMPUR: Malaysia Aica Bhd (Maica) has inked two agreements with Cangkat Nusantara Sdn Bhd (CNSB), a related company of privately owned property developer, Sunsuria Development Sdn Bhd, for land and asset acquisitions, for a total consideration of RM56 million, to be settled with RM42 million in cash and the issuance of 28 million new Maica shares.

SHAH ALAM: The Selangor government supports the construction of the Kinrara-Damansara Expressway (Kidex) but issues regarding the alignment must be resolved with the planning departments involved.

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GEORGE TOWN: The demand for property, both commercial and residential, in Penang has been so high that there may be a shortage in the state, said Chief Minister Lim Guan Eng.

DUBAI: An international meeting in Paris next month may trigger billions of dollars of fresh investment in Dubai — and, if plans are not handled carefully, contribute to the kind of boom-and-bust cycle which nearly bankrupted the emirate four years ago.