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Shanghai’s new home costs hit new high

KUALA LUMPUR: New home prices hit record highs in Shanghai last month as sales of luxury housing continued to be robust despite Beijing’s efforts to curb speculation, said ShanghaiDaily.com.

Retail sales in Shanghai up 22% over May Day holidays

KUALA LUMPUR: Shanghai's retail sales jumped 22% during the May Day weekend holiday in China, the highest jump since 2005 -- as more tourists thronged the city for the World Expo and more consumers opened up their wallets, said the ShanghaiDaily.com.

Construction sector (AmResearch), overweight

Bina Puri expects award of LCCT building works

* Bina Puri Holdings Bhd (Bina Puri) said that it hopes to receive a letter of award for the new Low Cost Carrier Terminal (LCCT) main terminal and satellite-building works soon, said Business Times in a report on May 6, 2010.

Kemuning-Shah Alam Highway to open on May 18

SHAH ALAM: The RM750 million Kemuning-Shah Alam Highway (LKSA) would be a smoother alternative access to both new and existing developments in Shah Alam via six interchanges.

Tham consolidates shareholding in E&O

KUALA LUMPUR: In what appears to be a move to consolidate his shareholding in Eastern & Oriental Bhd (E&O), its managing director Datuk Terry Tham Ka Hon has seen his direct interest in the company increasing over the past few weeks.