KUALA LUMPUR: Rangkaian Hotel Seri Malaysia Sdn Bhd, which owns the Seri Malaysia chain of hotels in the country, aims to raise occupancy rate by 5% to 75% this year.

This initiative will be aided by rising disposable income, the government's tourism initiatives and the fast-growing economy.     

SEOUL: One-third of the bridges and overpasses in South Korea's capital city Seoul, are vulnerable to earthquakes, the city government said Tuesday, Mar 15, Yonhap news agency reports.

SHAH ALAM: S P Setia Bhd plans to launch at least another 300 units of medium cost apartments in its Setia Alam township in the near future to benefit from the government's "My First Home Scheme", according to group president and CEO Tan Sri Liew Kee Sin.

KUALA LUMPUR: Telekom Malaysia Bhd (TM) subsidiary Menara Kuala Lumpur Sdn Bhd (MKLSB) has signed a 10-year concession agreement with the government of Malaysia for the operation, management and maintenance of Menara Kuala Lumpur and its land comprising five lots of federal land held under the Federal Land Commissioner.

PETALING JAYA: Mitraland Group plans to launch office units in a corporate office tower at its mixed development The Cascades in Kota Damansara on April 16 and 17. It consists of a 30-storey corporate tower with a gross floor area of 240,000 sq ft.

KUALA LUMPUR: Fitters Diversified Bhd has clinched a RM32.98 million deal for fit out works for Kidzania Kuala Lumpur at The Curve NX Building in Mutiara Damansara, Petaling Jaya.

Fitters, via its unit Z'odd Design Sdn Bhd, was awarded the contract by Rakan Riang Sdn Bhd, the group announced to Bursa Malaysia on Monday, Mar 14.

ABU DHABI: Economic expansion and upcoming real estate regulations look set to help Abu Dhabi's property market, Oxford Business Group said in its latest economic update.

Abu Dhabi's property market has faced the situation where lower investor demand and an increase in residential and office supply have combined to encourage a drop in rental rates.

KUALA LUMPUR: Mah Sing Group Bhd has sweep away six awards for all categories for Malaysia awarded at the 8th Asiamoney Corporate Governance Poll at an awards gala night held in Hong Kong recently.

SEREMBAN: SWM Environment Sdn Bhd (SWM), the solid waste management and public cleansing concessionaire for the Southern Region (Johor, Melaka and Negeri Sembilan), is exploring projects utilising green technology for implementation in the waste management industry.

KUALA LUMPUR: Cypark Resources Bhd's RM94.29 million pilot Renewable Energy (RE) Park project in Pajam, Nilai may be running at full capacity of 10MW by 2013 although implementation is dependent on other factors, said group CEO Daud Ahmad.