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IOI Properties unveils JB waterfront project
JOHOR BARU: Demand for high-rise condominiums in Iskandar Malaysia has been good in recent years, prompting many developers to take advantage of the trend by offering high-rise living to buyers.
Frasers' US$2.4bil bid for Australand trumps rival
SYDNEY: Singapore-listed Frasers Centrepoint Ltd made a surprise A$2.6bil (US$2.41bil) cash takeover bid for Australia’s Australand Property Group, trumping an offer from Australian firm Stockland Corp Ltd.
Positive view on Scomi RSC
SCOMI Energy Services and its Australian partner Octanex will soon be awarded their first risk service contract (RSC) for the Ophir oilfield. Scomi Energy will hold a 30% stake in the consortium while Octanex 50% and Vestigo Petroleum the remaining 20%.
China exports lift ringgit to 7-month high
KUALA LUMPUR: Malaysia’s ringgit rose to the strongest level in almost seven months as reports on Chinese shipments and US employment brightened the export outlook.
Bakun at 50% capacity producing 900MW
KUCHING: The 2,400MW Bakun hydroelectric dam is currently operating at slightly more than 50% of its optimum generating capacity even though all its eight turbines have been commissioned.
More than 100 expressions of interest in Holcim, Lafarge assets
ZURICH/PARIS: Cement makers Holcim and Lafarge have received more than 100 expressions of interest in assets they must sell ahead of their planned merger, the Swiss company's chief executive said on Monday.
Orando sees healthy sales
NEWLY-LAUNCHED property units are not flying off the booking boards in the showrooms this year, but sales are “at a healthy level”, according to Orando Holdings Sdn Bhd managing director Datuk Eng Wei Chun.
Corporate jets in vogue
PRIVATE jets are often associated with the lifestyle of the rich and famous. The luxury of the past though is now giving way to practicality and such jets are becoming an indispensable tool of the corporate world.
MPCorp gets new shareholder, Tey buys 15mil shares
PETALING JAYA: A total of 15 million shares in Malaysia Pacific Corp Bhd (MPCorp), amounting to some 5.2% of the total paid-up capital in the company, have been sold off by its former chief executive officer (CEO) and controlling shareholder Bill Ch’ng Chong Poh to businessman Tey Por Yee, sources said.
Russia’s Severstal sells US steel plants for US$2.3bil
MOSCOW: OAO Severstal, the Russian steelmaker controlled by billionaire Alexey Mordashov, agreed to sell its US plants to Steel Dynamics Inc and AK Steel Holding Corp for US$2.33bil, marking its exit from the country.
