KUALA LUMPUR: Tambun Indah Land Bhd on Wednesday acquired two pieces of land in Butterworth measuring a combined 347,625 square feet for a total of RM11 million.

Sunway REIT

Within Expectation

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.

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.

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.

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.

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.

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.

KUALA LUMPUR: A former director of Ho Hup Construction Bhd pleaded not guilty in the Sessions Court on Wednesday, Jan 26 to failing to notify of changes in interests as required under the Companies Act 1965 after becoming a major shareholder of the company.

ADELAIDE: The "safe-city initiative" by the Malaysian Crime Prevention Foundation (MCPF) has been a significant contribution by a non-governmental organisation towards crime prevention in the country, said its vice-chairman Tan Sri Lee Lam Thye.