HANOI: Vietnam is poised to see a new iconic development take shape in 2015 as PetroVietnam Construction Joint Stock Corporation (PVC) has announced plans for a 79-storey mixed-use tower christened the Viet Nam Oil & Gas Tower.

KUALA LUMPUR: Abad Naluri Sdn Bhd is buying 126.04 acres of land in Batu Kawan, Penang from the Penang Development Corp (PDC) for RM16.75 million cash consideration.

Equine Capital Bhd said on Friday, April 1, that Abad Naluri would then nominate Penaga Pesona Sdn Bhd – a unit of Equine Capital – to accept the transfer of the land upon the acquisition.

Buys Putra Place at a discounted price

KUALA LUMPUR: Having a lift in the house may become a norm in the near future as more people realise the benefits of having one. According to Antah Schindler Sdn Bhd managing director Noky Wong, residential elevators are expected to become a trend in homes going forward as they provide a convenience for comfortable living.

KUALA LUMPUR: Corporate confidence is boosting activity in top tier office markets around the world, leading to accelerating early cycle rental growth and robust capital value growth in prime assets, especially where new quality supply is limited, according to Jones Lang LaSalle’s inaugural quarterly Global Office Outlook report.

KUALA LUMPUR: Sunway REIT has won an auction to acquire Putra Place, a property previously belonging to Metroplex Holdings Bhd but charged to the bank, for RM513.95 million.

Putra Place is located across from the Putra World Trade Centre in Kuala Lumpur.

KUALA LUMPUR:  There has been no indication from the Employees Provident Fund (EPF) that it will pare down its stake in Malaysia Building Society Bhd (MBSB), said its CEO Datuk Ahmad Zaini Othman.

“They are supporting our rights issue and any decision to divest anything will be at the shareholders’ level,” he told reporters after MBSB’s AGM and EGM here yesterday.

KUALA LUMPUR: Sapura Resources Bhd recorded at net profit of RM21.9 million from a net loss of 397,000 a year ago, in its fourth quarter (4Q) financial statements ended Jan 31, 2011, it announced on Thursday, Mar 31.

Revenue however, dropped by 54% to RM30.7 million from RM66 million the previous year.

KUALA LUMPUR: Crescendo Corporation Bhd achieved a net profit increase of 286% to RM14.3 million from RM3.7 million a year ago in its fourth quarter (4Q) financial statements ended January 31. The Group announced this on Thursday, Mar 31 along with its revenue upped 31.2% to RM56.7 million from RM43.2 million the previous year.