BEIJING: Amid grave concerns over expiring burial plot leases, China’s Ministry of Civil Affairs has announced that the lease periods range from 50 to 70 years and not 20 years as widely reported earlier.

KUALA LUMPUR: Dijaya Corporation Bhd has signed on Starwood Hotels & Resorts Worldwide to develop the W Kuala Lumpur hotel on the former Bok House site on Jalan Ampang, Kuala Lumpur.

W Hotels is a contemporary, design-led lifestyle hotel brand and has 41 hotels worldwide.

KUALA LUMPUR: Bank Negara Malaysia (BNM) will undertake an assessment of prevailing conditions including inflation, risks to growth as well as the extent monetary policy supports it before deciding to raise interest rates, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said.

KUALA LUMPUR: The Titiwangsa, Masjid Jamek and KL Sentral LRT and monorail stations in Kuala Lumpur will be linked following the completion of the fully-enclosed Light Rail Transit (LRT) and monorail facilities in May.

SEOUL: Korea’s engineering prowess had helped to shape what Malaysia is today, said Prime Minister Datuk Seri Najib Tun Razak.Addressing the "Investment Seminar on Business Opportunities in Malaysia" here on Tuesday, April 5, he cited the Petronas Twin Towers as well as the Penang Bridge as among the big Korean-led projects which influenced Malaysia’s landscape for the better.

KUALA LUMPUR: The integrated Safe City Monitoring Programme introduced by Housing and Local Government Ministry has helped reduce street crimes by 25 percent and overall crime rate by 5 percent.

Housing and Local Government Minister Datuk Chor Chee Heung said the system, introduced since January, integrates the local government, police and local council.

KUALA LUMPUR:  Malaysia's tourism industry's expansion can open up significant investment opportunities in the hospitality secto,Tourism Minister Datuk Seri Dr Ng Yen Yen said

KUALA LUMPUR: Sunway City Bhd’s (SunCity) latest launch – LaCosta lakeside condominium at Sunway South Quay within the Sunway Integrated Resort City (SIRC) has seen an average 50% sales for the three blocks it launched last weekend. The project has four blocks in total with an estimated gross development value (GDV) of RM400 million.

KUALA LUMPUR: The Australian real estate investment market is expected to surpass the AUS$16 billion level in transactions this year compared to 2010, according to DTZ Research in its Investment Market Update Australia 1Q2011 report on Friday, April 1.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has tendered for some RM2 billion worth of projects including building projects and packages of the light rail transit (LRT) extension project.