KUALA LUMPUR: IJM Land Bhd expects local property market to remain resilient this year, underpinned by stronger demand as younger people were also buying property.

KUALA LUMPUR: Among eminent Malaysians who are the recipients of this year’s Merdeka Award is arhitect Datuk Dr Kenneth Yeang in the Environment Category. The award is in recognition of the recipient's' outstanding and lasting contributions to the nation and the people of Malaysia in their respective fields.

YAMADAMACHI/TOKYO: Sakari Minato has fixed up his house just enough for his family to move back in. The walls still have holes, the windows are temporarily sealed. You can still see the water marks on the outside of the home left by the March 11 tsunami that roared into this northeastern coastal fishing town at the speed of a freight train and bulldozed everything in its path.

PETALING JAYA: AEON Co (M) Bhd invested up to RM55 million to renovate its Jusco Bandar Utama store, which took over a year to complete.

Managing director Nur Qamrina Chew said AEON upgrades its stores every few years, but recently all its retail locations have been undergoing aggressive remodelling in line with the company’s new image.

KUALA LUMPUR: Benalec Holdings Bhd posted a net profit of RM22.8 million for its fourth quarter ended June 30 on the back of RM65.9 million in revenue.

Benalec said its revenue increased 29% from the previous quarter due to an increase in income from its marine construction business.

KUALA LUMPUR: Mah Sing Group Bhd's three projects which opened for sale and previews last weekend -- namely Star Avenue@D'sara in Sungai Buloh, Ambrosia@Kinrara Residence in Puchong and Clover@Garden Residence in Cyberjaya -- achieved sales of RM190 million, the group announced on Monday, Aug 22.

ETALING JAYA: Major property developers have been snapping up large plots of land worth well over a billion ringgit, even as the global economic scene turned more cloudy. And it is interesting to note that these acquisitions are mainly located outside the country’s largest property market, the Klang Valley.

KUALA LUMPUR: Dijaya Corporation Bhd’s recently proposed private placement exercise will help it grow with minimal borrowings and allow higher institutional ownership of the company, said managing director Datuk Tong Kien Onn.

KUALA LUMPUR: The market meltdown during the week of Aug 8 triggered by fears of a double-dip recession in the US and a credit rating downgrade by Standard and Poor’s spooked investors. But many companies took the opportunity to buy back their own shares.

HONG KONG: China Construction Bank (CCB), the world’s No 2 bank by market capitalisation, reported yesterday a 31% rise in first-half (1H) earnings as strong growth in its financial advisory services helped boost earnings.