China may launch real estate tax trial
BEIJING: China may launch a property tax trial in some cities later this year to stop speculation in the housing market, a property industry group said on May 19.
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Sales, land demand lead Asia-Pacific industrial market
HONG KONG: Driven by private investor and owner-occupiers, demand in sales and land led the Asia-Pacific industrial market over the period between October 2009 and March 2010, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
Investment demand in Asia-Pacific industrial market drives growth in capital values
HONG KONG: Industrial property markets in the region finally stabilised after the global financial crisis as keen investment demand drives notable growth in capital values, according to Colliers International's latest Asia-Pacific Industrial Market Overview.
Sunway (OSK Research); Buy, target price RM1.96
Initiating Coverage - Sunway Holdings
Ripe for the Picking
IGB liquidates dormant subsidiaries
KUALA LUMPUR: Several dromant subsidiaries of IGB Corporation will be undergoing a member’s voluntary iquidation exercise.
The subsidiaries are Ipoh Garden Shopping Complex Sdn Bhd, K Parking Sdn Bhd, Mid Valley City Residences Sdn Bhd, Express Management Consultants Sdn Bhd, Pinex Sdn Bhd, T-Bond Construction Sdn Bhd and Teamwork M&E Sdn Bhd.
Paramount Corp's net profit improves to RM15.69 million in 1Q 2010
KUALA LUMPUR: Paramount Corporation Bhd (PCB) has recorded a net profit of RM15.69 million for 1Q 2010, an increase from the previous corresponding quarter of RM8.99 million. Revenue for 1Q2010 was RM102. 3 million compared with the preceding year’s corresponding quarter of RM83.4 million.
Jeffrey Ng resigns as SunCity executive director
KUALA LUMPUR: Datuk Ng Tiong Lip, better known as Datuk Jeffrey Ng, 53, has resigned as an executive director at Sunway City Bhd (SunCity) effective May 20, said a Bursa Malaysia announcement on the same day.
The former Managing Director of Asia Pacific Land Berhad was appointed to the Board of SunCity on March 3, 2008.
LBI Capital buying land in Selangor for RM6.096 million
KUALA LUMPUR: LBI Capital Bhd (LBI), through its subsidiary Goldmount Resources Sdn Bhd (GRSB) has entered into a sales and purchase agreement on May 19 to acquire a 10.25-acre vacant leasehold land in Selangor from Sanjung Hemat Sdn Bhd and Permodalan Negeri Selangor Bhd for RM6.096 million.
Equine Capital records net loss of RM25.84 million in 1Q 2010
KUALA LUMPUR: Equine Capital Bhd has recorded a net loss of RM25.84 million against in its first quarter ended March 31, 2010 against a net loss of RM20.41 million in the corresponding quarter in 2009.
Revenue in the quarter under review is RM25.3 million compared with the previous corresponding quarter's RM12.14 million.
