KUALA LUMPUR: Some “normalisation” of the interest rates are now in order after they were reduced to “unprecedented” levels following the global financial crisis, said Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz.

KUALA LUMPUR: More affordable homes are to be built in Shanghai, adding about 4 million sq m by the end of this year.

The city will soon start constructing 12 million sq m of affordable homes, or 60 percent of the city’s year target for new housing, a report by Shanghai Daily said on Friday Jan 29.

KUCHING: The Malaysian Anti-Corruption Commission (MACC) expects to complete its investigation into an alleged misappropriation in a federal government development project costing RM6 million in the state, next month.

KUANTAN: The role of the Malaysian Implementation and Coordination Unit (ICU) which till now only served as a monitoring body for the implementation of government projects, will now be expanded to resolve problems involving the projects.

PUCHONG: All non-Bumiputra lots (about 50%) for the first phase of Sierra 8, a project in the 16 Sierra residential development in Puchong, Selangor by IOI Properties has been booked in its soft launch on Friday Jan 29.

The first phase consists of 147 units of 2-storey terraced houses priced at RM448,900 each with a lot size of 22’ x 75’ and a gross built-up area of 2,257 sq ft.

KUALA LUMPUR: Malaysia Property Incorporated's (MPI) latest Malaysian real estate showcase called "The Best of Malaysian Real Estate 2010" held at the Chennai Trade Centre in Chennai, India, from Jan 22 to 24, has received encouraging response.

PETALING JAYA: Gadang Holdings Bhd, which was listed under the construction sector on the Main Board of Bursa Malaysia, posted a higher net profit of RM3.517 million in its second quarter ended Nov 30, 2009, up 87.67% from RM1.874 million in the preceding quarter.

Its revenue, however, eased by 6.88% to RM62.374 million against RM66.984 million recorded in the same period last year.

KUALA LUMPUR: Sunrise Bhd will be stepping it up a gear this year as it enters its next level of growth. During this “Stage 3” growth period, Sunrise will be building both commercial and residential products in various locations, said executive chairman Tong Kooi Ong (pictured) at an analysts briefing on Jan 28

SHAH ALAM: The Shah Alam City Council (MBSA) is going to the ground to get property owners to settle their assessment arrears which stood at RM54.1 million last December.

MBSA public relations officer Shahrin Ahmad said the first operation was carried out on Jan 19 against nine premises under the industrial and trade category in Section 17, 24 and 25.