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PETALING JAYA (May 19) – Landmarks Bhd, through its wholly-owned subsidiary PT Bintan Hotel Utama (PTBHU), yesterday entered into a joint-venture (JV) agreement with ML Hotel Investments Pte Ltd (ML Hotel) to develop, own and operate two global hotel chains, Mercure and ibis Budget, in Treasure Bay Bintan, Bintan Island, Indonesia.

KUALA LUMPUR (May 18): Property developer Malton Bhd announced that its wholly-owned unit Domain Resources Sdn Bhd has received a letter of award for a RM208 million worth of contract from Harmoni Perkasa Sdn Bhd to build one block of Royale Pavilion Hotel, which is located along Jalan Bukit Bukit Bintang and Jalan Raja Chulan.

• This week, the prime Kuala Lumpur City Centre (KLCC) area takes centre stage.

  KLANG (May 17): Prime Minister Datuk Seri Najib Razak yesterday insisted that state fund 1Malaysia Development Bhd's (1MDB) RM42 billion was not lost, saying that the money was now part of the Tun Razak Exchange (TRX) and Bandar Malaysia landbank.

KUALA LUMPUR (May 17): The response to the public inspection (PI) of the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line), which began on Friday, has been good with members of the public giving a variety of feedback on the project.

PETALING JAYA (May 16): Psaros, a Perth-based developer and builder, launched its new development, Park Avenue, on 271 Selby Street, Churchlands, Perth at an event here yesterday.

KUALA LUMPUR (May 16): The retail market will see a continuous slowdown due to weakened market sentiment caused by the recently implemented Goods and Services Tax (GST), said Savills Malaysia managing director, Allan Soo.

SINGAPORE (May 15): EcoWorld Development Group Bhd (EcoWorld) celebrated the opening of its international EcoWorld Gallery @ Singapore today.

PETALING JAYA (May15): Former Petaling Jaya councillor Derek Fernandez is urging the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to consult the Petaling Jaya City Council (MBPJ) on the proposed MRT Sungai Buloh-Serdang-Putrajaya (SSP) line.

KUALA LUMPUR (May15): Ever since the Klang Valley’s largest transit hub KL Sentral emerged, the Brickfields area in Kuala Lumpur has seen its real estate values spike.