AmanahRaya REIT has previously announced a decision to fully divest from the hospitality sector as part of ongoing initiatives to optimise its portfolio by acquiring high-yielding assets and divesting non-core assets.
The charge framed under Section 425(1)(a) of the National Land Code — Act 828, carries a maximum penalty of RM500,000 fine or five years imprisonment, or both, upon conviction.
The industrial REIT proposed an interim distribution of 1.
MBAM president Oliver HC: “We would like to echo the government’s efforts through the amended OSHA that will empower employees in prioritising their health and safety, providing them a voice to speak up about safety and health issues.
The REIT said the southern region remained as the highest revenue contributor, with the three malls located in the region reporting a gross revenue of RM10.
MBAM is also working closely with the Department of Occupational Safety and Health and the Construction Industry Development Board to promote the implementation of OSCHIM.
PETALING JAYA (June 22): The stop-work order which involved the works on scaffolding and falsework in 10 locations on the Damansara-Shah Alam Elevated Highway (DASH) will remain until sufficient safety measures are implemented, said the Malaysian Highway Authority (LLM).
KUALA LUMPUR (June 12): Times are bleak for the hotel industry and it predicts that things will not improve for the time being.
LUMUT (Dec 27): The occupancy rates in hotels nationwide are expected to continue to increase next year when the Recovery Movement Control Order (RMCO) is lifted end of this year.
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
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