KUALA LUMPUR: Muhibbah Engineering (M) Bhd has received a letter of commitment for a RM101 million contract in Australia.

GEORGE TOWN: RGB International Bhd (formerly known as Dreamgate Corp Bhd) is close to securing a US$25 million (RM76.8 million) contract to supply 1,000 gaming machines to one of the four casino concessionaires in Bagong Nayong Pilipino-Entertainment City Manila, said group executive director Steven Lim Tow Boon.

HONG KONG: Rising street-front shop rentals in Hong Kong are forcing retailers to look for cheaper upstairs outlets — a trend that has allowed landlords to increase their rental income by converting former office buildings into "Ginza-style" retail complexes.

GENEVA: A growing number of Chinese buyers are being lured to the Swiss property market, not only due to the country's beautiful scenery, but also because of its good-quality education, strong currency appreciation, and low tax rates.

BEIJING: Beijing ranks at the top of an "attractiveness ranking" of upmarket retail investment opportunities in 18 mainland cities compiled by property consultancy DTZ.

Shanghai came in second, while Guangzhou was fifth and Shenzhen lower down the scale on 17th.

HONG KONG: For many young couples, the dream of owning a new one-bedroom flat in an urban area appears to be growing more distant than ever — even though the government has warned it would impose more measures to rein in soaring prices if necessary.

Mah Sing Group Berhad

INVESTMENT HIGHLIGHTS

•  Earnings within expectations. Mah Sing Group’s (MSGB) 1QFY11 earnings met expectations, accounting for 25% and 26% of ours and consensus full year forecasts respectively.

IPOH: The Perak Public Accounts Committee (PAC) has criticised state government departments and agencies over their failure to closely monitor the progress of building constructions under their purview.

GUA MUSANG: The rapid development in infrastructure such as roads and public amenities has increased investments and property values in Gua Musang by 10-fold, according to Gua Musang Member of Parliament Tengku Razaleigh Hamzah.

KUALA LUMPUR: Magna Prima Bhd, a boutique property developer, expects its performance to be robust this year, supported by projects launched throughout the year.

The company currently has five projects with an estimated gross development value (GDV) of RM1.045 billion due for completion over the next three to four years.