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Tong appointed director at UEM Land

KUALA LUMPUR: Datuk Tong Kooi Ong, chairman of Sunrise Bhd and The Edge Communications Sdn Bhd, has been appointed a non-independent and non-executive director of UEM Land Holdings Bhd, according to a statement from UEM Land said.

Tong's entry into UEM Land follows the government-linked company's acquisition of Sunrise to create Malaysia's largest listed property development company.

28 February, 2011
Vietnam's lustre fades as economic uncertainty looms

KUALA LUMPUR: This year, Vietnam celebrates 25 years of the "Doi moi" ("renewal" in Vietnamese) economic reforms initiated in 1986 that paved the way for a socialist-oriented market economy.

In the past decade, these reforms have made Vietnam one of Asia's success stories as it made its transition from a command to a more market-oriented economy.

28 February, 2011
Bina Puri to hold 60% in OMedia

KOTA KINABALU: Construction and property player Bina Puri Holdings Bhd is set to emerge as the largest shareholder in beleaguered Oriented Media Group Bhd (OMedia) with equity interest of at least 60% in exchange for its polyol manufacturing business and power assets in Indonesia, said its executive director Matthew Tee.

28 February, 2011
City&Country: Cover Story-- Growing Demand

Rising interest in industrial properties
The industrial property market is not usually on the average property investor’s radar screen, and for good reason — it requires familiarity with the different markets that different types of industrial properties serve.

27 February, 2011
City&Country: Quantum Victory punches above its weight

Quantum Victory Sdn Bhd may be small, but the developer has done well in its maiden project.The company held a soft launch for its first development — Gaia16@Sering Ukay — on Jan 17. Barely a week later, 9 of the 16 three-storey bungalows had been snapped up — mainly by residents of the adjacent housing estate, Sering Ukay, wanting to upgrade.

27 February, 2011