The Weld Heritage Square, which is being constructed within a 0.84ha (2.1 acre) land along Lebuhraya Merdeka off Pengkalan Weld, is jointly developed by Adat Makmur Sdn Bhd and Koperasi Gabungan Negeri Pulau Pinang.
The World Bank's lead economist for Malaysia Richard Record said it is important for Malaysia to identify a clear set of national investment aspirations in terms of what it wants to offer investors and what the country seeks in return.
“The strength and timing of Malaysia’s economic recovery, however, will depend largely on the timely availability of an effective mass vaccination programme."
In a filing posted with the Stock Exchange of Hong Kong, Genting Hong Kong said the disposal will enable it to offload non-core assets and investments and provide required liquidity to the group.
Under a high case scenario, this could be achieved earlier in 2024, whereas under a low case scenario the achievement could be later in 2028, World Bank said in a new report released today.
In a statement today, the group said the 80,000 sq ft convention centre opened its doors on March 10 and will be carrying out vaccinations for at least 1.8 million people, starting with frontline workers followed by residents in the Petaling district over the next 11 months until February 2022.
He said the continuous increase in the number of unemployed persons was partly due to a review of business strategies in tourism-related industries.
The insurers, including a unit of American International Group, are being sued for the losses caused by the shutdown orders in response to the coronavirus outbreak, news portal Law360 cited Genting Americas Inc as saying in a New York state court complaint.
It is buying the properties from Galeri Tropika Sdn Bhd (GTSB), which is majority owned by NCT Building & Civil Engineering Sdn Bhd (NCT BCE), a wholly-owned unit of NCT Venture Corp Sdn Bhd