PULAU BANDING (Feb 3): Emkay Group expects to complete the RM29 million Phase 2 of Belum Rainforest Resort by March next year, said chairman Tan Sri Mustapha Kamal.

KUALA LUMPUR (Feb 3): Oriental Holdings Bhd has acquired the Kingsley Hotel in central London for a cash consideration of £42.71 million (RM203.9 million) on Thursday.

This marks one of the biggest acquisitions by the RM3.3 billion market cap company in recent years and comes at a strategic time with the upcoming Olympic Games in London.

KUALA LUMPUR (Feb 3): Malaysia Building Society Bhd (MBSB) saw its bottom line soaring 122.87% to RM325.4 million last year compared with RM146 million a year earlier. The improved performance was on the back of higher income from its Islamic banking operation via the expansion of personal financing.

KUALA LUMPUR (Feb 3): Shares in MKH Bhd climbed to their highest in 15 years in active trading as the company attracts fresh interests from institutional investors after having sold its non-halal livestock farming business last month.

KUALA LUMPUR (Feb 3): Zelan Bhd will have a 51% interest in the proposed development of the Integrated Immigration, Custom, Quarantine and Security Complex at Bukit Kayu Hitam, Kedah.

KUALA LUMPUR (Feb 3): Knusford Bhd's 40%-associate company CBD Development Sdn Bhd has received a letter of intent from Unit Perancang Ekonomi Negeri Johor for two projects.

KOTA KINABALU (Feb 3): Kota Kinabalu City Hall (DBKK) will carry out a major project this year costing RM38 million to beautify the city.

BEIJING (Feb 3): Beijing has banned low-income families who have purchased government-subsidised apartments from reselling them on the market, a practice that has long been criticised since the country's property boom began several years ago, officials said on Thursday.

DAVOS (Switzerland): Over half of all real estate investments are centred in 30 cities, and a quarter of the total investments is in five top-tier cities — London, Tokyo, New York, Hong Kong and Paris, according to Jones Lang La Salle’s “A New World of Cities” report.

IPOH: Andaman Property Management Sdn Bhd recently unveiled the fourth phase of its Taipan metropolitan shop office development in Ipoh, Perak, within the 1,600-acre (648ha) Bandar Meru Raya township. Dubbed Taipan City, the phase has a gross development value (GDV) of RM100 million.