KUALA LUMPR: Tesco Stores (M) Sdn Bhd expects its six new stores in Malaysia to contribute 15% to its revenue in the financial year ending Feb 28, 2011, its Chief Executive Officer Tjeerd Jegen said.

The hypermarket operator registered a revenue of RM3.5 billion in the 2009/2010 financial year.

SHANGHAI: China’s housing market, the most heated sector contributing to a potential bubble, has started showing some signs of cooling, according to Thomson Reuters Proprietary Research on China’s market.

KUALA LUMPUR: Faber Group Bhd recorded profit before tax (PBT) of RM141.2 million for FY 2009, up 26.6% from RM111.5 million for FY2008. Meanwhile, revenue for FY2009 was RM805.3 million, an increase of 21.8% from RM661.2 million for FY2008, stated Faber in a press statement on May 18.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB)’s net profit for the 1Q ended March 31, 2010 surged to RM9.85 million from RM153,000 a year ago.

KUALA LUMPUR: Lafarge Malayan Cement Bhd (LMCB) has become the first local cement company to have two of its cement products awarded the Green Label Certification by the Singapore Environment Council (SEC). According to a statement on May 17, the two products are Mascrete LH and Phoenix.

KUALA LUMPUR: Jalan Kia Peng in Kuala Lumpur city centre is creating a buzz – two prime tracts of land are reported to be up for sale within two weeks. Last week, theedgeproperty.com reported that a 0.75-acre tract along Jalan Kia Peng was up for sale, with an asking price of between RM2,100 and RM2,200 psf.

Bolton:  Preparing for growth

KUCHING: The Sarawak Housebuyers Claims Tribunal is expected to start operations in July following the appointment of woman lawyer

Datuk Marjana Dasmi as its chairman, effective May 18.

State Housing and Development Minister Datuk Abang Johari Tun Openg said the timeframe to settle each claim would be determined once the tribunal was operational.

KLCC Property Holdings
FY10 within expectations

Stable earnings, but fading excitement