News by Chelsey Poh

MIPFM president Adzman Shah: All companies which are involved in property and facility management services, be it security, cleaning, building services maintenance, operating the management office will be facing difficulty as clients will attempt to reduce operating cost by limiting the headcount onsite, but the companies still have to pay salary and this is a fixed cost to the companies. Most are also labour intensive

Malaysian Hotel Association said that apart from those who have been laid off, 9,773 staff are on unpaid leave and another 5,054 had suffered pay cuts

Property developers may have a slight buffer from unbilled sales to cushion the near term impact of the MCO but those with high gearing and bad credit record are in a precarious situation, said RHB Research Institute senior analyst Loong Kok Wen.

The Movement Control Order imposed by the government to stem the spread of the COVID-19 which began on March 18 until April 14 (extended from the initial date of March 31) will see many sectors including the property sector struggling because of limited business activities.

The TTDI RA has mobilised funds from among residents of the township in Kuala Lumpur to provide assistance to longhouse residents in the form of shopping vouchers at local grocer Hero Market. Each longhouse family received a voucher worth RM50.

"How bad the situation would be depends on how long the pandemic lasts.”

‘Green’ is not only about saving energy after the building is completed but also involves the construction process.

MAH did not expect the campaign to be called off completely.

Hoteliers are to limit its services to only guests who had already checked-in into the hotel before March 18, 2020, while food and beverages services are to be limited to room service only. All other facilities and services of the hotel should remain closed.

Sold for: RM2.87million (RM1,133.94 psf); Concluded by: Lydia Sim (REN 02250 (017-287 2633) of Centricity Realty; When: September 2019