SINGAPORE: Iskandar Malaysia will parcel out about 200ha of land for the proposed joint iconic wellness township project between Malaysia and Singapore.

Malaysia's Khazanah Nasional Bhd and Singapore's Temasek Holding Ltd will form a 50:50 joint-venture company to undertake the development of the project with the participation of private sectors from both countries.

SINGAPORE: Standard & Poor's Ratings Services had assigned its 'BBB-' issue rating to the S$2 billion (RM4.72 billion) multi-currency medium-term notes program (MTN) of Starhill Global REIT MTN Pte Ltd, a unit of HSBC Institutional Trust Services (Singapore) Ltd. (HSBCIT).

KUALA LUMPUR: Gerakan has urged the government to extend open tender to all government projects to increase revenue and increase transparency.

KUCHING: Landowners who have paid their premiums will not get a refund when the new rates come into effect on June 1, Second Minister of Planning and Resource Management Datuk Amar Awang Tengah Ali Hasan said on May 24.

SHAH ALAM: The High Court here on May 24 set aside the Selangor government's revocation of the awarding of 16.9ha of state land in Bagan Lalang, Sepang, to an investment company, eight years ago.

Judge Datuk Nurchaya Arshad made the decision in chambers after hearing an application for judicial review of the case filed by Azam Cemerlang Sdn Bhd in 2004.

TOKYO: TPG Capital and Advantage Partners are among the bidders left in the competition to buy Anabuki Construction Inc, a Japanese apartment developer that failed last year with about US$1.6 billion (RM5.31 billion) in debt, two sources with knowledge of the deal said.

KUALA LUMPUR: The Housing and Local Government Ministry on May 24 asked the Selangor government to immediately investigate what could be irregularities in the allocation of low-cost flats by housing developers in the state.

Minister Datuk Kong Cho Ha said the ministry had not received any complaint from the public on the matter.

1QFY10 Results Review

WCT
Numbers Disappoint

Bakun provision not made in 1Q10

WCT Berhad
More jobs to come