NST Online Business Times : latest
NST Online Business Times : latest |
| Country Garden buys Danga Bay land Posted: 03 Dec 2012 05:11 PM PST China-based property developer, Country Garden Holdings Co Ltd, has acquired 11 hectares of prime waterfront land in Danga Bay, Johor Baharu, for almost RM1 billion from Iskandar Waterfront "The land purchase is the first and biggest investment to date by an investor from mainland China within Flagship 'A' of Iskandar Malaysia," said Country Garden and Iskandar Waterfront in a joint statement. The prime site would be developed for an integrated development project with a gross development value of RM18 billion, it said. "We are confident and upbeat about the business outlook in Iskandar Malaysia and are very happy to be one of the first from China to invest in a big way in the southern growth corridor," Country Garden President/Executive Director Mo Bin was quoted as saying in the statement. The project, spanning three development phases, will begin with the construction of a luxury clubhouse, commercial tower, shopping mall, high-end condominium and serviced apartments. Country Garden's, which is one of the top 10 developers in China, was acknowledged as Forbes Asia's FAB 30 Companies, with an estimated market value of US$7.6 billion (US$1.00=RM3.04). Its maiden projects in Malaysia are two township developments in Kajang and Rawang, Selangor. -- Bernama |
| KL shares open lower in early trade Posted: 03 Dec 2012 05:48 PM PST Share prices on Bursa Malaysia traded lower,in early session today, tracking losses in selected bluechips and in line
After 20 minutes of trading, the barometer FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.54 point lower at 1,605.81 after opening 0.66 of a point higher at 1,608.01. HwangDBS Vicker Research said major equity indices on Wall Street slid between 0.3 per cent and 0.5 per cent at the closing bell last night. This was due to weak manufacturing data and slow progress in the US Congress on budget negotiations, it added. "Hence, we reckon the benchmark FBM KLCI could face renewed downward pressures, possibly testing the psychological support mark of 1,600 ahead. "In essence, for trading activity, which came in at just 729 million shares traded yesterday, the figure may remain slow in view of a dearth of fresh market developments," said the research house. The Finance Index declined 2.76 points to 14,959.42, the Industrial Index lost 6.94 points to 2,655.77 and the Plantation Index fell 39.12 points to 7,886.17. The Ace Index decreased 3.76 points to 4,167.58, FBMT100 lost 8.51 points to 10,806.74, FBM Emas slipped 8.88 points to 10,955.50 while the FBM Mid 70 index declined 0.82 of a point to 12,082.18. There were 84 losers and 84 gainers while 157 counters were unchanged, 1,314 counters untraded and 22 others were suspended. Volume stood at 56.128 million shares worth RM38.678 million. Actives, Takaso Resources added one sen to 27 sen, PNE PCB rose 1.5 sen to 32.5 sen and Takaso Res-Warr was flat at 15 sen. Heavyweights, Maybank and CIMB earned one sen each to RM9.03 and RM7.49, respectively, Sime Darby shed one sen to RM8.95 and Axiata Group rose four sen to RM5.94. -- Bernama
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