PETALING JAYA: Property Care Services (M) Sdn Bhd (PCS Malaysia), a provider of property support services in Malaysia, has recently appointed Chris Choy as its general manager.

KUALA LUMPUR: Mah Sing Group Bhd has released the final 12 duplex office suites (pictured) out of 40 available at its Southgate Commercial Centre development on Jalan Sungai Besi, Kuala Lumpur.

NEW YORK: A former Citigroup Inc senior underwriter warned senior managers including Robert Rubin that the bank was selling problem loans to investors as the mortgage market peaked and deflated, the executive testified.

GEORGE TOWN: The Penang Turf Club (PTC) is a profit-making enterprise and hence it is only right for the club to pay quit rent under commercial rates, says Penang Chief Minister Lim Guan Eng.

KUALA LUMPUR: Ireka Corp Bhd's unit has secured a RM36.23 million contract to build an interchange for the proposed Bandar Indahpura, Kulai-Second Link Expressway in Iskandar Malaysia.

It said on Thursday, April 8 its unit Ireka Engineering & Construction Sdn Bhd was awarded the contract by Iskandar Regional Development Authority (IRDA).

JOHOR BARU: Only 126 of the 424 squatter families displaced by the Eastern Dispersal Link Expressway (EDL) project have accepted the relocation and compensation plan proposed by project developer MRCB Lingkaran Selatan Sdn Bhd.

WINDHOEK: The World Health Organisation (WHO) Country Representative Magda Robalo said many people in cities in the world, are facing a triple health threat such as infectious diseases, that thrive in crowded conditions.

KUALA LUMPUR: Frasers Hospitality Pte Ltd (Fraser) aims to open 16 new properties this year, 12 under the Fraser brand and four under the new Modena brand while making its debut in 12 major cities.

SHANGHAI:  China's central bank is set for a hefty drain of cash for a seventh week in a row and added long term three-year bills to its open market operations on Thursday, stepping up efforts to keep asset prices and inflation from rising out of control.

Much awaited catalyst

• RM3.5 billion REIT targeted for mid-10, if market conducive. But rising interest rates could push 6-7% yield target higher

• ~RM560 million net proceeds for landbank expansion and REIT pipeline. Potential 11% earnings dilution post-REITs.