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.

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium REIT) saw its net profit growing 49% to RM4 million in its fourth quarter ended Dec 31, 2010 (4QFY10), from RM2.7 million the previous year.

KUALA LUMPUR: Property developer Nam Fatt Corporation Bhd is selling a parcel of land in Shah Alam for RM2.85 million.

In a filing to Bursa Malaysia on Tuesday, Jan 25, the company said its unit Maddusalat Bhd had entered into a sale and purchase agreement with J S Bina Sdn Bhd for the disposal of the 1.99-acre leasehold land in Seksyen 13, Shah Alam.

KUALA LUMPUR: Property developer Mah Sing Group Bhd on Tuesday, Jan 25 signed a tenancy agreement with 20 tenants for its Southgate Commercial Centre at Jalan Sungai Besi here.

SHANGHAI: China's Ministry of Finance may announce the start of property tax reforms during the first quarter, the official Shanghai Securities News reported on Tuesday, Jan 25, citing unidentified sources.

Two Chinese cities — Shanghai and western Chongqing — will be included in a pilot scheme, the newspaper said.

SIBU: The Sibu Municipal Council (SMC) has now banned any form of swiftlet farming in residential areas here.

Chairman Datuk Tiong Thai King said on Tuesday, Jan 25 that it was finalising procedures to allow action to be taken against operators who continued to do so.

PHUKET: Phuket tourist arrivals saw a 22% increase to 3.5 million in 2010 compared to the previous year, the highest record ever, according to 2010 Phuket Hotel Market Update, the latest market research report by consultancy firm C9 Hotelworks released on Tuesday, Jan 25.

Start of a landbanking spree?

Expanding presence in Puchong