BANGKOK: Siam Cement Pcl, Thailand’s largest industrial conglomerate, is finally catching up with the capacity it overbuilt before the Asian financial crisis as it feeds demand from frontier markets including Myanmar and Cambodia.

PUTRAJAYA: Ninety-eight residents of Kampung Railway in Sentul, who were ordered to vacate the land, have reached an out of court settlement with developer Sentul Raya Sdn Bhd. Following the settlement, the residents withdrew their appeal yesterday at the Court of Appeal.

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT), the owner and operator of Mid Valley Megamall and The Gardens Mall, lacks near-term catalysts because it does not have an attractive retail asset in the pipeline from its sponsor IGB Corp Bhd, says HwangDBS Vickers Research.

The research house expects limited asset acquisition opportunities, and is maintaining a “hold” call.

WHILE some minority shareholders are decrying the RM28 per sq ft (psf) ascribed to Benalec Holdings Bhd's 79.49 acres of land in Melaka as being below market value, a real estate valuer has come to the defence of the company, contending that the price is fair.Teh Hong Chua, the manager of CH Williams Talhar & Wong Sdn Bhd's Melaka branch, says it would be difficult to get buyers for the lan

GENTING Malaysia Bhd's planned RM3 billion facelift for its flagship hilltop casino resort, Genting Highlands, in a bid to double its earnings appears to have placated minority shareholders at its annual general meeting on June 12, who want better returns on their investment.Just a few weeks earlier, minorities and analysts alike were rudely surprised by a sizeable dent in the company's first-q

RIYADH/DUBAI: A US$22.5 billion (RM72.7 billion) plan to build Riyadh’s first metro rail system aims to achieve more than improving the quality of life in the congested Saudi capital: it is part of an ambitious effort to shift the country’s economy beyond oil.

KUALA LUMPUR: In a related party transaction involving its parent Mulpha International Bhd (MIB), Mulpha Land Bhd (MLB) will undertake the development MIB’s land and headquarters in Petaling Jaya into high-rise serviced residences.

KUALA LUMPUR: Pesona Metro Holdings Bhd’s wholly owned subsidiary, Pesona Metro Sdn Bhd, has won a contract worth RM149.6 million from the Intrasegi Sdn Bhd–Tegas Setuju Sdn Bhd joint venture.

The company said the contract is for the construction and completion of a government building complex in Johor Baru.

THE market seems to have welcomed property developer Tropicana Corp Bhd's makeover as part of its aspiration to join the ranks of Malaysia's property heavyweights. In the past few months, there has been a change in its top management, a rebranding exercise, private placements to foreign investors and the disposal of non-key assets to strengthen its balance sheet.

TROPICANA Corp Bhd is sitting on developments with an estimated RM70 billion in gross development value in hot spots like Iskandar Malaysia, Penang and the Greater Klang Valley. To offload such a huge pipeline, the developer will have to ensure that each project has a strong selling point.