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Sale of Fraser Business Park to re-charge F&N's balance sheet

KUALA LUMPUR: Fraser & Neave Holdings Bhd's (F&N) foray into property development paid off well when it recently sold the second phase of Fraser Business Park in Pudu for RM63 million, which netted the group a gain of RM29.6 million.

27 January, 2011
SunREIT 2Q net profit at RM45.24m

KUALA LUMPUR: Sunway Real Estate Investment Trust (SunREIT) registered a net profit of RM45.24 million for the second quarter ended Dec 31, 2010 (2QFY2011), comprising realised net income of RM44.7 million and unrealised income of RM0.5 million arising mainly from fair value adjustment on financial derivatives.

26 January, 2011
PLB net profit rises to RM3.06m

KUALA LUMPUR: PLB Engineering Bhd's net profit surged to RM3.06 million in the first quarter ended Nov 30, 2010 (1QFY2011) from RM256,000 a year earlier, despite lower revenue.

26 January, 2011
Muhibbah bags RM1.07b LNG Regasification Unit job

KUALA LUMPUR: Muhibbah Engineering (M) Bhd was awarded a contract worth RM1.07 billion for the engineering, procurement, construction, installation and commissioning alliance for the Liquefied Natural Gas (LNG) Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project.

26 January, 2011
i-City ushers year of Rabbit with performances

KUALA LUMPUR: i-City in Shah Alam plans to usher in the Year of the Rabbit with nightly performances starting from Saturday, Jan 29 and climaxing on Chap Goh May (Feb 17) with a spectacular fireworks show.

26 January, 2011
Al-Hadharah REIT reports higher profit

KUALA LUMPUR: The Al-Hadharah Boustead REIT (Al-Hadharah REIT) registered a higher net profit of RM32.3 million for its fourth quarter ended Dec 31, 2010 (4QFY2010), after increasing 10% from RM29.3 million the previous year.

26 January, 2011
The Altium to launch in 2Q

KUALA LUMPUR: The Altium — a Green Building Index (GBI) certified mixed development in Damansara Perdana, Selangor — is slated to launch in the second quarter (2Q) of this year, said AQRS The Building Company Sdn Bhd (AQRS) general manager Jerry Lau.

26 January, 2011