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Fiabci Malaysia president Datuk Seri Koe Peng Kang: The government needs to have a dialogue with us [stakeholders] and tell us what is their fear factor so that we can solve the problem and move forward

Mah Sing Bhd CEO Datuk Ho Hon Sang said the group has closed property sales of approximately RM1.06 billion for the first 8 months of 2021 and is on track to achieve its sales target of RM1.6 billion for the year. 

“We also hope for reduction of financing cost for construction projects through interest subsidy or government guarantee for project loans to lower the cost and ensure viability. Besides, our wish list is also for government departments to abolish time-consuming administrative procedures and increase business costs especially during the COVID-19 pandemic,” MBAM noted in its Budget 2022 wish list statement. 

Under the RSS, the government pays out rent support to small and medium enterprises (SMEs) and eligible non-profit organisations (NPOs) directly, without going through their landlords.

Members of the public intending to visit the sales galleries are encouraged to schedule for an appointment prior to their visit as only limited individuals are allowed in the galleries at any one time.

The three appointments are Mohd Ali Abd Karim (independent non-executive chairman), Lukman Abu Bakar (independent non-executive director) and Datuk Shireen Ann Zaharah Muhiudeen (non-independent non-executive director).

One of the issues “that divided” top management and the board was a March 2018 deal with real estate agency Heritage Shield Sdn Bhd to sell apartment units at the Union Suites devlopment in Bandar Sunway.

“Some quarters contend that the stricter MM2H rules on could result in an outflow of funds. Even if there was any outflow, the amount in question is less than RM1 billion. It would not cause a dent in the financial system,” said the columnist.

Sultan Ibrahim Sultan Iskandar: The ministry’s decision is mind boggling and outrageous, considering that MM2H brought huge economic benefits to Malaysia

This was 13 years before the Grenfell Tower fire