KUALA LUMPUR: Shares in UEM Land Bhd rose to a record high of RM2.90 on Thursday, Jan 6, as Credit Suisse Group AG expected the property developer to become a blue chip proxy for improved Singapore-Malaysia relations, especially under the proposed transformation of its large landbank in Iskandar Malaysia.

KUALA LUMPUR: Property developer Farlim Group Bhd saw the departure of Multi-Purpose Holdings Bhd (MPHB) as its substantial shareholder after the later disposed a 6.5% equity interest in the property outfit.

According to recent filings with Bursa Malaysia Securities, MPHB's stockbroking arm AA Anthony Securities Sdn Bhd (AAASB) had sold the shares in Farlim on Dec 20, last year.

KUALA LUMPUR: Habour-Link Group Bhd has proposed to extend financial assistance to an indirect subsidiary, Sarawak Edible Oil Sdn Bhd (SEO), while making a move into property development.

United Malayan Land
Investment highlights

BEIJING: House prices in China's major cities soared by more than a fifth last year, private research showed on Thursday, painting a picture at odds with official data following repeated government efforts to tame the red-hot sector.

KUALA LUMPUR: Sunway City Bhd (SunCity) has launched its latest mixed commercial development in the commercial enclave of Dataran Sunway in Kota Damansara, Petaling Jaya, with a potential gross development value of RM500 million.Developed by Sunway Damansara Sdn Bhd, the 5.83-acre leasehold Sunway Nexis is located next to the Sunway Giza mall and would comprise three-storey retail shops, a 13-s

I met a liberal once. Even shook hands with it, so far as I can recall. After I’d had a good shower, I tried to figure out what nature of person succumbs to liberal tendencies, to the point where he may first admit them to his parents and later go out to proclaim them to the world. Is this a genetic defect or a product of one’s environment?

SP Setia
Testing The Post-Asian Crisis High

SP Setia’s share price looks set to surpass our TP of RM6.58 and test the post-Asian crisis high of 3.1x P/NTA, an indication that investors concur with our robust sector outlook.

KUALA LUMPUR: Kobay Technology Bhd bought freehold land along with a 9-storey hotel called Butterworth Travel Lodge in Butterworth, Penang from Woo Brothers Development Sdn Bhd for RM4.5 million, it announced on Thursday, Jan 6.

HONG KONG: Hong Kong's 40 wealthiest tycoons are all billionaires again, according to the latest Forbes Asia Hong Kong 40 Richest List. The last time all on the list were billionaires was in 2008.

Their collective wealth this year is US$163 billion (RM500.41 billion), compared with US$135 billion last year, but below the 2008 peak of US$178 billion.