KUALA LUMPUR: Pintaras Jaya Bhd reported a net profit of RM8.2 million for its second quarter (2Q) result for the financial year ending June 30, 2011, an increase of 103% from RM4 million recorded for the preceding year's corresponding quarter, due to higher contribution by the manufacturing division while contribution from the construction division was lower.

LONDON: Central London property prices rose 1.1% in January 2011, pushed by tight supply, according to the Knight Frank Prime Central London Index for January 2011.

Mah Sing Group Berhad

Sales target of RM2bn for 2011

KUALA LUMPUR: Stinger Electrical Fences Sdn Bhd (SEF) hopes to ride on the rising economic growth in the region with the opening of its Asia-Pacific office in Malaysia on Thursday, Feb 10.

In a statement, SEF said the timing was right because when the economy grew, there would be an increase in prosperity and with it would come a corresponding rise in crime.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) stands a good chance in securing some government projects under the Economic Transformation Programme (ETP), OSK Research says.

The projects mentioned by the research house were the River of Life project, the development of RRIM land in Sungai Buloh and Phase 2 of LRT extension project which are expected to begin this year.

KUALA LUMPUR: Ho Hup Construction Company Bhd, expects to complete its restructuring exercise by the third quarter of this year, executive director Derek Wong said.

SEOUL: South Korean and foreign financial institutions agreed Thursday, Feb 10 to provide US$4.35 billion (RM13.22 billion) to South Korean companies to help fund their large overseas building projects, Yonhap news agency quoted the government as saying.

Property sector

KUALA LUMPUR: The Pakistani government has invited Malaysian construction companies to join in its re-construction efforts.

In a statement here on Wednesday, Feb 9, High Commissioner to Malaysia Masood Khalid said Pakistan faced devastating floods last year, which had damaged infrastructure like roads, bridges, communication network, schools and hospitals.    

WASHINGTON: The Obama administration will propose raising the cost of loans backed by the Federal Housing Administration as part of a plan to reduce government support of the mortgage market to below 50%, said sources familiar with the plan.