Malaysia reports 1,268 new daily Covid-19 infections and two deaths
Daily new recoveries came in lower than new infections at 1,083.
Apex court rules hoteliers cannot use 10% service charge to meet minimum wage requirements
Datuk Nallini Pathmanathan, in a summary of her judgement to the press, said the 10% service charge “does not belong to the hotel” and as such, should go to the employees.
Logistics, e-commerce, healthcare among areas for S P Setia’s potential business diversification
S P Setia said it is constantly on the lookout for partners who are able to offer different areas of expertise that would complement and unlock the value of its landbank.
Najib seeks court order to access bank statements of companies related to Jho Low, Zeti's husband
Besides bank statements, Najib’s lawyers are also seeking declarations of the identities of the companies’ beneficial owners, registers of members of the companies, registers of directors of the companies, as well as correspondence between the banks and the companies in respect of their transactions, including emails, telegraphic transfers, remittance form, payment advice, transaction report, payment order, credit advice and bank memos.
Fajarbaru announces boardroom changes; Chan Kong Choy is new chairman
Chan, 66, will take over from Datuk Low Keng Kok on April 1, following the announcement of Low’s resignation to pursue his personal interest, according to a bourse filing from the company
Trive Property auditor Jamal, Amin & Partners resigns following sanction by AOB
Trive said it will make a further announcement on the appointment of new auditors in due course.
Malaysia reports 1,384 new Covid-19 cases, with 625 in Selangor
Six more deaths were reported, raising the national Covid-19 death toll to 1,244, said Health director-general Tan Sri Dr Noor Hisham Abdullah.
Azmin Ali denies Malaysia losing out on foreign investments, says country being more selective
“We are now more selective in terms of investments coming into our country. We no longer want labour-intensive industries coming to Malaysia because we do not want to be over-dependent on foreign workers.”
IHH associate Parkway Life REIT to repurchase earlier debt with new 3.3 bil yen notes issue
In a filing with the Singapore Exchange, Parkway Trust Management Ltd — the manager of PLife REIT — said the notes issue is expected to conclude on March 29, 2021. The issuance, due 2027, is in line with its S$500 million Multicurrency Debt Issuance Programme.
Ekovest’s RM1.1b Iskandar Malaysia land buy from IWH falls through
“Although the parties have continued to reassess and renegotiate the terms of the proposed acquisitions after the lapse of the conditional period on Feb 20, 2021, the parties were unable to reach an agreement to-date and have therefore decided to allow the sale and purchase agreements to lapse,” Ekovest said in a filing yesterday.
