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Australia to unlock area size of England with mineral resources worth $35bil

CANBERRA: Australia will ease access restrictions on the world's largest weapons test range in the remote outback - an area larger than England - to unlock an estimated $35 billion in untapped mineral resources, with legislation for the change unveiled on Thursday.

Ares Management to buy real estate investor AREA Property with assets of US$6bil

NEW YORK: Investment firm Ares Management will acquire AREA Property Partners, gaining the New York-based real estate investor's US$6 billion in assets, the Wall Street Journal reported, citing people briefed on the matter.

Area buys land from PNB for RM320mil to build hub

KUALA LUMPUR: Area Management Sdn Bhd has agreed to purchase 86ha freehold industrial land from PNB Development Sdn Bhd for RM320mil to build an integrated industrial logistics hub in Kota Seri Langat, Selangor.

Seri Kembangan a middle-class area in the making

SERI Kembangan is fast transforming from a sleepy hollow into a middle-class neighbourhood as this area is a 'hot spot' of housing activities, much like Puchong in the mid to late 1990s.

Sarawak to double oil palm plantation area

KUCHING: Sarawak, which recorded its fastest pace in opening up land for oil palm cultivation in the past one year, targets to double its plantation area to two million hectares.

Atrium REIT targets 1 million sq ft net lettable area

Atrium REIT, slated as the country's first industrial asset-focused real estate investment trust (REIT), aims to have assets with a net lettable area of one million sq ft within two years.

Maximising benefits of Asean-China Free Trade Area

THE creation of an Asean-China Free Trade Area (ACFTA) would create market opportunities and challenges for both Asean and China but to complement China, Asean would first have to put its own house in order, Asean-Chambers of Commerce and Industry, Myanmar president Pyone Maung Maung said.

From squatter area to classy township

Along Jalan Kepong, in Kuala Lumpur, you'll see Jusco on the left. The area where Jusco now stands, together with the surrounding township, was once a squatter area. It is now a very modern and comfortable township.

Azhar: MRT station will invigorate Bukit Bintang area

MRT Co chief executive officer Datuk Azhar Abdul Hamid says the location of an MRT station in Bukit Bintang Plaza (BB Plaza) will invigorate and transform the entire Bukit Bintang area.

Brazil soybean planted area could grow 5% amid China-US showdown

RIO DE JANEIRO: The area planted with soybeans in Brazil for the 2018/2019 season could grow 3 to 5 percent depending on how the world's top soy exporter fares in a U.S.-China trade dispute, an executive at Corteva Agriscience said on Monday