KUALA LUMPUR: Construction company IJM Corporation Bhd's orderbook may potentially hit RM9 billion by year-end from its existing RM4 billion, research houses said.

The increase will come from the RM5 billion worth of new orders for the New Pantai Expressway (NPE) extension and the West Coast Expressway (WCE), said HwangDBS Vickers Research in its research note on Monday, May 30.

KUALA LUMPUR: Kenanga Research expects UOA Development Bhd to rake in net profit earnings of RM169 million for the financial year ending Dec 31, 2011, assuming its new launched properties, with a gross development value of RM363 million, will commence this year.

JULAU: The Federal Land Consolidation and Rehabilitation Authority should develop more Native Customary Rights land in the Sarawak interior, Deputy Information, Communication and Culture Minister Datuk Joseph Salang said.

MELAKA: Some 800,000 non-professional workers, both local and foreign, will be made to register with the Construction Industry Development Board (CIDB) once the CIDB Act is amended.

Works Minister Datuk Shaziman Abu Mansor said the amendments to the Act would be tabled in Parliament next month.

GEORGE TOWN: International luxury hotel group Amanresorts International Pte Ltd has been given the letter of award (LoA) by the Penang state government to restore, refurbish, redevelop and manage the 82-year-old Crag Hotel on Penang Hill, making it the first Amanresort for the group in Malaysia.

KUALA LUMPUR: Property player Dijaya Corp Bhd is riding on its strong first quarter ended March 31 (1QFY11) results and RM3.5 billion worth of projects in the pipeline to fuel growth over the next two years.

In a filing with Bursa Malaysia last Friday, Dijaya said its 1QFY11 net profit increased almost five-fold year-on-year to RM18.14 million from RM464,000 a year ago.

KUALA LUMPUR: Sunway City (SunCity) on Friday, May 20 nabbed the Top Property Developer award at the inaugural BCI Awards. This is the first year for the top ten property developer category since the inception of the BCI Asia Top 10 Architects Awards.

KUALA LUMPUR: SBC Corporation Bhd has proposed to acquire three parcels of land measuring 17,879 sq m (4.41 acres) in Mukim Batu, Kuala Lumpur for RM25.08 million, it announced to Bursa Malaysia on Friday, May 27.

KUALA LUMPUR: IJM Land Bhd's net profit more than doubled to RM44 million for the fourth quarter ended March 31, 2011 (4Q) from RM21.87 million a year ago on the back of higher revenue.