KUALA LUMPUR/TOKYO: Bank Negara Malaysia said it may increase interest rates further to avert asset bubbles and discourage risky investments by people seeking better returns, even as inflation will likely remain “modest” this year.

BOSTON: The US housing market is poised to withstand the removal of government and US Federal Reserve stimulus programmes and rebound later in the year, contributing to annual economic growth for the first time since 2006.

SYDNEY: Centro Properties Group, the Australian developer that posted a A$3.5 billion (RM10.6 billion) loss last year, is selling its Surfers Paradise mall after failing to attract investors to replace those withdrawing funds.

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) has entered into a sales and purchase agreement with SAP Holdings Bhd, a wholly-owned subsidiary of Kumpulan Hartanah Selangor Bhd (KHSB), to acquire Wisma SAP for RM7 million on March 15.

LONDON: Upmarket British retailer Liberty is selling its distinctive mock Tudor department store building in London's West End for 41.5 million pounds ($62.9 million) to pay off debt, it said on Monday (March 15).

KUALA LUMPUR: Bina Puri Norwest Sdn. Bhd, a member of Bina Puri Group of companies has entered into a sales and purchase agreement with Quill Buildings Sdn Bhd to acquire a piece of land measuring 145,658 sq ft land for RM11,652,692 on March 15.

KUALA LUMPUR: Central Malaysian Properties Sdn Bhd (CMP) is expected to launch its Lido Residences project with gross development value of RM1.5 billion by the second half of this year.

PETALING JAYA: Tune Hotels.com is looking to open its first hotel in London – Tune Hotels.com-Westminster at 118 Westminster Bridge Road – in the heart of London by the third quarter of this year.

Rise for 3 consecutive weeks

KUALA LUMPUR: Further signs of a recovery in the Malaysian real estate market are being seen as the country’s economic recovery takes shape and the stock market soared to fresh highs against the backdrop of a stronger ringgit.