HONG KONG: Hopes were high when the State Council issued policy measures in April meant to put the brakes on rocketing home sales, but while the number of deals has fallen by as much as 90% in some locations, prices have yet to drop much. The latest data shows that home prices have fallen by 3% to 5%, according to Xinhua.

LONDON: House prices in England and Wales are 2% up on a year ago, the biggest annual rise since January 2008, though non-seasonally adjusted monthly data points to a slowdown, property data company Hometrack said on Monday, May 31.

KUALA LUMPUR: Hotel brand Guoman Hotels, under the Malaysia-based conglomerate, Hong Leong Group, has begun its international growth plan with the opening of Guoman Hotel Shanghai (pictured).

Sime Darby
Disappointing

KUALA LUMPUR: UEM Land Bhd and Genting Bhd are among the key beneficiaries of enhanced Singapore-Malaysia ties following last week’s talks between Singapore Prime Minister Lee Hsien Loong and his counterpart Datuk Seri Najib Razak in the city-state.

Plenitude
More Surprises on the Upside

Slightly better first quarter

Highlights:

Developing sustaining future
Hightlight

•  Sime  Darby  registered  net  earnings  of RM804.2m in 9M10, a 38%yoy decline due to the hefty provisions incurred by its E&U division.

•  Improved results  from  the Plantation, Property, Motor, Healthcare and Other divisions mitigated the decline  in  Industrial division profit and  the harrowing losses from E&U division.