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Langkawi facing shortage of rooms

LANGKAWI: Langkawi is facing shortage of rooms to meet rising number of local and foreign tourists, particularly during school holidays and international events like Langkawi International Maritime Exhibition (Lima).

Taxman goes after China’s developers

HONG KONG: Amid a tightening credit crunch and a sharp decline in property sales, mainland developers are now being hit by the taxman.

The State Administration of Taxation on Thursday, June 3, ordered property companies to hold more funds for the prepayment of land appreciation tax.

Syrian firm seeks M'sian expertise to develop tourism project in Kazakhstan

KUALA LUMPUR: The Syrian International Business Centre (SIBC) Group is scouting for Malaysian companies to jointly develop a US$5.6 billion (RM18.7 billion) tourism project -- Kinderli Beach Development -- at the Caspian Sea in Kazakhstan.

Executive Chairman Dr Eng Bashar S.S. Al-Atassi said the company was getting a big project in Kazakhstan.

Investors told not to fret over empty offices

HONG KONG: Stephen Roach, Morgan Stanley's Asia chairman, has said investors should not worry about the vast amount of empty office blocks that are sprouting up across the mainland following last year's record bank lending spree.

KL to have MRT system, say sources

The city’s infrastructure, a subject of increasing criticism, is likely to be boosted by a new mass rapid transit (MRT) system that could be put into place soon to complement the role of the monorail and LRT systems.