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#BUDGET 2011* Generally positive budget, say analysts

PETALING JAYA: Proposals announced in the Budget 2011 by Prime Minister Datuk Seri Najib Tun Razak is generally positive, said property sector stock analysts.

Among the positve aspects are the emphasis given to the development of the Malaysian Rubber Board (MRB) land in Sungai Buloh and the Kuala Lumpur International Financial District.

#BUDGET 2011* Budget would increase home ownership, say developers

KUALA LUMPUR: Major property developers in the country said that the Budget 2011 is a business- and people-friendly budget, and added that steps taken to increase house ownership among Malaysians will help spur the property sector and enable more people to own homes.

Pentamaster to dispose land, buildings, machines for RM50m

KUALA LUMPUR: Pentamaster Corporation Bhd has proposed to dispose of land and buildings and machineries for a total consideration of RM50 million in Penang.

In a filing to Bursa, the company said the disposal is primarily to reduce its collateralised loan obligation (CLO), due in October next year, as well as other bank borrowings. 

#BUDGET 2011* ‘No more shifting the goal posts’ -MPI

KUALA LUMPUR: The Budget 2011 tabled by Prime Minister Datuk Seri Najib Abdul Tun Razak in Parliament on Friday, Oct 15 was largely quiet on measures to attract foreign investments to the country's property market.