PETALING JAYA: The Malaysian Association for Shopping and Highrise Complex Management (PPK) has called for a moratorium on the construction of new malls in high growth areas for the next few years.

It said the mushrooming of malls over the last two decades has caused what it believes is an oversupply of shopping malls in high growth areas, particularly in Penang and Klang Valley.

KUALA LUMPUR: The government will review the household income limit eligibility for the My First Home Scheme, Deputy Finance Minister Datuk Donald Lim Siang Chai said.

He said the review is in line with the announcement by the Prime Minister Datuk Seri Najib Razak in the 2012 Budget, which raised the loan limit under the scheme to RM400,000 from RM220,000.

DHAKA: Malaysia has secured infrastructure projects worth a whopping RM10 billion in Bangladesh to be implemented beginning early next year over a period of between two and five years, says Malaysia's Special Envoy Datuk Seri S Samy Vellu here on Wednesday, Oct 19.

KUALA LUMPUR: The government has drafted a construction industry payment and adjudication bill to protect the interests of subcontractors and suppliers in the country, the Dewan Rakyat was told.

Deputy Works Minister Datuk Yong Khoon Seng said the bill was expected to be tabled in Parliament in March next year.

KUALA LUMPUR: Pelaburan Hartanah Berhad (PHB), a subsidiary of Yayasan Amanah Hartanah Bumiputera, has added to its completed property asset with the acquisition of the nine-storey DEMC Specialist Hospital in Shah Alam, Selangor on Tuesday, Oct 18.

SINGAPORE: As of September this year, Iskandar Malaysia recorded a total cumulative committed investment of RM77.82 billion from various sectors.

Iskandar Regional Development Authority (IRDA) chief executive Ismail Ibrahim said of this total, 60% (RM46.63 billion) was domestic investments with the remaining 40% (RM31.19 billion) coming from overseas.

KUALA LUMPUR: Privately-held Najcom Sdn Bhd and its joint-venture partner UEM Group Bhd are understood to have bagged the contract to build the women and children's hospital in Kuala Lumpur costing between RM700 million and RM900 million, sources said.

KUALA LUMPUR: About 39,000 sq ft was acquired by gourmet supermarket chain Village Grocers at Mah Sing Group's M City along Jalan Ampang's Embassy Row for RM36 million on Tuesday, Oct 18, the group said.

HONG KONG: The eurozone debt crisis and fears of a US recession have doomsayers unsurprisingly pricing in another global financial meltdown. More of a surprise is that they are taking no chances on China.

LONDON: Shoreditch is set to be home to a "mini Bond Street" as luxury fashion houses Christian Louboutin, Ralph Lauren and Vivienne Westwood home in on London's east end, setting the stage for a possible doubling of rents over five years.