DUBAI: Nearly two years after it was forced to go cap in hand to neighbour Abu Dhabi for a bailout, a chastened Dubai has ringfenced vulnerable assets, forced banks to bolster reserves and deferred debt maturities.

KUALA LUMPUR: Huat Lai Resources Bhd is buying four plots of agriculture land measuring 430 acres (172ha) in Jasin, Melaka for RM43 million. In a filing with Bursa Malaysia on Wednesday, Oct 5, Huat Lai said the land would be used for oil palm plantations.

PETALING JAYA: In three years, more than 20,000 homes in the country will be powered by clean electricity, thanks to Cypark Resources Bhd's renewable energy parks to be built on former landfill sites throughout the country.

Sunway Bhd (Oct 5, RM2.03)

KUALA LUMPUR: The Malay Chamber of Commerce Malaysia says it is ready to build 100,000 units of affordable homes costing below RM150,00 each in the Klang Valley over the next five years.

Its president Syed Ali Al Attas said the chamber has among its members experienced Class A contractors, architects and engineers who are ready at any time to develop such projects.

KUALA LUMPUR: The Real Estate & Housing Developers' Association Malaysia (Rehda) is confident the property market can be stable amid the gloomy global economic outlook.

Its chairman of finance and investment committee Datuk Ng Seing Liong said the market would probably take a breather after having been quite bullish in 2010 and the first half of 2011.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has reaffirmed its ratings on property developer Mega Palm Sdn Bhd's debt note totaling RM150 million.

It said on Wednesday, Oct 5 the ratings involved Mega Palm's bank guaranteed medium term notes (MTN) of up to RM70 million and bank guaranteed commercial papers (CP) of up to RM80 million respectively.

PETALING JAYA: Mah Sing Group Bhd is acquiring a 225.7 acre piece of freehold land in Rawang for RM57 million with plans to develop a RM948 million township.

PETALING JAYA: S P Setia Bhd will need to get the nod from shareholders for its recently proposed Semenyih land purchase in line with the current takeover and merger ruling, said a spokesman for the Minority Shareholder Watchdog Group (MSWG).

KUALA LUMPUR: The Federal Court heard and dismissed with costs of RM30,000 for the application by Metroplex Holdings Sdn Bhd as a result for the stay of execution of the orders of the High Court of Malaya granted on June 28, according to a statement issued by Sunway Group on Wednesday, Oct 4.