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"It is the last commercial site along the waterfront in Central.”

The survey also found that 81% of the respondents said they might have to close down their business in the next three months due to cashflow problems.

It has brought Credit Suisse on board to advise the deal.

Facilities include a swimming pool, children’s playground, gymnasium and study room. 

The financial relief was extended to retail and commercial tenants, particularly small and medium enterprises (SMEs) that were experiencing unprecedented strained cash flows during the various phases of the Movement Control Order (MCO).

The economist raised the concern after senior minister for security Ismail Sabri Yaakob said the government would review the need to continue or relax the total lockdown SOPs under the movement control order if the daily infections drop to below 4,000 cases.

MEF president Datuk Dr Syed Hussain Syed Husman JP said Malaysia should have its own specialised vaccine research centre to look at the long-term prospects of producing the country’s own vaccines.

Retail Group Malaysia (RGM) managing director Tan Hai Hsin: Retailers are still struggling after almost 1½ years (of dealing with the pandemic)

“So far this year, the situation is already worse than in 2020 in many ways, with the average occupancy rate (AOR) hovering at a low 20%, and even that is mainly contributed by [occupants at] quarantine hotels,” said Malaysian Association of Hotels (MAH) vice-president C S Lim

One of these is the New Providence Wharf development located in Poplar, east London. The tower block actually caught fire about a month ago.