KUALA LUMPUR: CIMB Equities Research says the Employees Provident Fund Board’s conditional takeover offer for Malaysian Resources Corp Bhd at RM1.50 per share as fair price, although it is a 10% discount to its target price of RM1.66.

KUALA LUMPUR: The housing and local government ministry intends to come out with guidelines on the 'guarded community' housing estate concept. Minister Datuk Seri Kong Cho Ha said guarded community housing estates have been mushrooming, of late without proper guidelines.

PETALING JAYA: The Master Builders Association Malaysia (MBAM) launched a new web portal on March 3 called the MBAM Resource Centre for collation and exchange of data among the construction fraternity.

PETALING JAYA: The Master Builders Association of Malaysia (MBAM) expects steel prices to move up by 5% to 10% this year.

Its deputy president Kwan Foh Kwai said international steel prices have moved up last month at the same quantum.

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has proposed a conditional take-over offer to Malaysian Resources Corp Bhd (MRCB) to acquire the remaining 66.22% stake in the construction firm.

KUALA LUMPUR: Construction firm JAKS Resources Bhd and Star Publications (Malaysia) Bhd will jointly develop the former Star headquarters in Section 13, Petaling Jaya, into a RM370-million mixed residential and commercial development.

KUALA TERENGGANU: A report on the Sultan Mizan Zainal Abidin Stadium (SSMZA) roof collapse on June 2 last year may be announced next week.

Menteri Besar Datuk Ahmad Said said the state government had received the report via the state legal officer and the ministry concerned.

KUALA LUMPUR: Boustead Holdings Bhd expects to continue delivering strong results for its current financial year 2010, group managing director Tan Sri Lodin Wok Kamaruddin said on March 3.

Boustead was on track to further fortify its balance sheet following the disposal of BH Insurance (M) Bhd to AXA Affin General Insurance Bhd, Lodin said.

PETALING JAYA: Lum Chang Group, through its associate company Fabulous Range Sdn Bhd, is launching a new bungalow project at its Twin Palms Sungai Long in Cheras, Kuala Lumpur, this weekend on March 6 & 7.

PETALING JAYA: The Kota Damansara forest, covering 321.7ha, has been re-gazetted as a permanent forest reserve from Feb 18 by the Selangor state government after eight years of advocacy by the Friends of Kota Damansara (FOKD).

Originally known as the Sungai Buloh Forest Reserve, the forest was first gazetted in 1898 with an area of 6,590ha.