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Pulai Springs Resort guarantees 60% rental return in six years

Investors who find the current fixed deposit rates too paltry, may be glad to know that buying a CintaAyu resort apartment in the award-winning Pulai Springs Resort in Johor Baru can guarantee them a 60% rental return over six years.

Citigroup beefing up Islamic ops

CITIGROUP Islamic banking vehicle, Citi Islamic Investment Bank E.C. (CIIB), aims to strengthen its position in the global Islamic banking business through its diversified range of alternative Islamic products and services for the international market.

Reapfield tie-up makes firm premier specialist

REAPFIELD Properties Sdn Bhd is confident its affiliation with NAI corporate real estate services worldwide will turn the company into a premier corporate and commercial real estate services specialist, said its president David Ong.

Labuan financial centre set to woo US, European investments

LABUAN International Offshore Financial Centre (IOFC) is on the right track to becoming an important platform to attract European and American investments into Malaysia.

MASkargo eyes 15% growth in turnover

MASKARGO is confident of achieving at least 15% growth in turnover for the financial year ending March 31, 2004, after the leasing of a new freight aircraft and expansion in its information technology (IT) facility.

Emirates upbeat on airline sector revenue growth in S-E Asia

DUBAI-BASED international carrier Emirates expects the airline industry#039;s revenue in South-East Asia to grow by about 20% annually in the next few years.

Moot point on foreign lawyers

British Minister David Lammy was in Kuala Lumpur recently promoting the financial benefits of liberalisation in the legal services. Is the Malaysian Bar up to competing with foreign lawyers locally and overseas?SHAILA KOSHY reports.

Joint venture to manage Klang Valley public transport

THE Government has appointed a new joint-venture company (newco) to manage the public transportation system for the Klang Valley that includes the city bus services operated by Park May Bhd and Intrakota Komposit Sdn Bhd as well as the PUTRA and STAR light rail transit (LRT) operations.

KFC plans to sell Wisma KFC

KFC Holdings (M) Bhd (KFCH) is planning to sell and lease back Wisma KFC when it assumes control of the building from Idris Hydraulics (M) Bhd at the end of next month, managing director Datuk Johari Abdul Ghani said.

Proton diversifies income via new deal

PERUSAHAAN Otomobil Nasional Bhd (Proton) has taken another major step towards diversifying its earnings base by teaming up with Bumiputra-Commerce Bank (BCB) to offer financing to Proton car buyers.