News by EdgeProp.my

Sharif El-Gamal said in a notice and summons filed in New York state court Tuesday that Malayan Bank Bhd, also known as Maybank, and other syndicate members “ignored and breached their obligations under the building facility and related loan documents.” Their actions have caused “irreparable damage to the plaintiff’s relationship with its contractor, leading to a cessation of all work,” he said.

Sold for: RM3.28 million (RM886.24 psf); Concluded by: James Lai (PEA 1933) (016-311 6092) of Property Hub Sdn Bhd; When: February 2020

However, the meetings must be conducted according to the Covid-19 prevention SOPs set by the authorities.

Petrol Dealers Association of Malaysia (PDAM) said its members only learned about this via media reports.

The joint venture company, known as MFBBCC Serviced Suites Sdn Bhd (MFBBCC), will be 51% held by MFAM and 49% by BBCCD. MFBBCC will manage and operate the property including granting of tenancies within the property.

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

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.