Facing the worst economic crisis in decades, Kuala Lumpur last week rolled out its fourth stimulus package since February. Together these fiscal salvos add up to about US$70 billion, or 20% of gross domestic product. Such dramatic numbers are entirely necessary. The World Bank expects emerging-market economies will shrink the most since 1960 this year.
Some 60 major brands will be occupying the revamped Ramlee Mall which occupies some 100,340 sq ft of leasable area spread across three floors which were previously occupied by Parkson Malaysia.
Sold for: RM2,450,000 (RM346.97 psf based on land size); Concluded by: Ong Chee Yong of Polygon Properties Sdn Bhd (REN 22613) (018-366 8687); When: January 2020
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Executive director of Capital Markets Allan Sim: Post Covid-19, we expect to see more major companies looking to diversify and decentralise their supply chains across countries and regions to mitigate geographical risks on production lines or material sourcing. The decoupling of US-China supply chains is also evident as trade tensions continue to intensify.
Singapore National Development Minister Lawrence Wong: We are talking about resumption of travel, but in a controlled manner and in a safe manner for both sides. That's in our mutual interest.
"The High Court decided that the allegations disclosed no reasonable cause of action against the developer; that they were frivolous and vexatious; and/or an abuse of the court process," said the developer.
A list of what the barber/hairdresser/ beauty salons and customer have to do to keep things safe
"The impact of the Covid-19 pandemic, global lockdowns and advice against social gatherings have all contributed to making it operationally unsustainable for us."
He said this was as the Health Ministry was nearly done with Covid-19 screenings for detained migrant workers as well as personnel in charge at four immigration depots at Bukit Jalil, Semenyih, Sepang and Putrajaya.
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