KUALA LUMPUR: YNH Property Bhd plans to launch properties with a gross development value (GDV) of RM5 million this year, including the delayed Menara YNH project in Jalan Sultan Ismail. Daniel Chan, head of corporate services, said YNH is currently in talks with various parties on a potential joint venture to develop the project.

Apart from operating a sprawling nationwide network of postal service outlets, the golden egg in Pos Malaysia Bhd’s nest is the strategic land its properties occupy.

But with the recent sale of Khazanah Nasional Bhd’s 32.21% stake in Pos Malaysia to DRB-Hicom Bhd for RM622.8 million, it appears that the national postal operator’s valuable landbank had been given little time to ripen.

Malaysia Building Society Bhd (May 23, RM1.49)

KUALA LUMPUR: Land and property governance should be based on good principles rather than on hard and fast rules, says Malaysian Institute of Corporate Governance President (MICG) Tan Sri Megat Najmuddin Khas.

He said regulations should be reasonable enough to make them logically practicable in varied real life situations.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak on Tuesday, May 24 called for an examination of all houses and other structures erected on agricultural land to ascertain the risk they faced from landslides.

He said such structures were exposed to the risk of landslides if they were erected contrary to guidelines.

PETALING JAYA: Bolton Bhd has achieved its highest ever sales ever in its 47-year history with a record  RM585 million for its financial year ended March 31, 2011 (FY2011). This impressive sales feat represents a 125% increase from the RM260 million sales recorded in the previous financial year (FY2010).

ALOR SETAR: Bina Darulaman Bhd (BDB) together with Belleview Bina Sdn Bhd (Belleview) will be developing a condominium here in the near future.

Work on the two-block unit named Kondominium Amansuri Residences, estimated at a cost of RM110 million, is expected to start in November with completion due in 2014.

KUALA LUMPUR: Main Market-listed Mutiara Goodyear Development Bhd has achieved a pre-tax profit of RM40.8 million on the back of revenue of RM125.6 million in its first quarter results for the financial year ended Dec 31, 2011.

KUALA LUMPUR: Unusually heavy rain over three days had weakened the soil structure, resulting in the landslide which hit the Hidayah Madrasah Al-Taqwa Orphanage in Hulu Langat, claiming 16 lives last Saturday, May 21.

MELAKA: A coastal highway between Melaka and Port Dickson and a flood mitigation project are among four infrastructure projects proposed by the Melaka government in Budget 2012 to be tabled by Prime Minister Datuk Seri Najib Razak on Oct 7.