Covid-19: Malaysia records 1,294 new infections, with five more deaths
KUALA LUMPUR (April 2): Malaysia reported 1,294 new Covid-19 cases today, up from 1,178 yesterday and the fourth straight day with more than 1,000 infections.
eCurve closed for redevelopment
PETALING JAYA (April 2): Shopping centre eCurve has been temporarily closed, following a “Lights Off” ceremony on March 31 (pictured), to pave way for a new redevelopment plan.
MEF hails lifting of 30% limit for work from office
KUALA LUMPUR (April 1): The Malaysian Employers Federation (MEF) said the decision to abolish the ruling that permits only 30% of management staff to work in office in Conditional Movement Control Order areas would accelerate the regeneration of the Malaysian economy as industries would be operating at full capacity.
Developers are toning down their pessimism for 2H2021, says Rehda
PETALING JAYA (March 30): Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia.
MRL urges Selangor to reconsider its opposition to Putrajaya's plan to revert ECRL to its original alignment
KUALA LUMPUR (March 26): Malaysia Rail Link Sdn Bhd (MRL) today urged the Selangor state government to reconsider its opposition to the federal government's wish to revert the proposed alignment of the East Coast Rail Link to the original plan, saying this will only further delay the construction of ECRL’s Section C (Mentakab-Port Klang) and potentially delay the scheduled overall completion of the project by December 2026.
Latent defects — now you can make claims after six years but…
Many may not be aware that they have generally six years’ period to commence legal action to enforce their rights if they suffer from any physical or financial injury.
EcoWorld 1Q net profit jumps 71% on stronger EWI contribution
KUALA LUMPUR (March 25): Property developer Eco World Development Group Bhd (Eco World) saw its net profit for the first quarter ended Jan 31, 2021 (1QFY21) jump 71% to RM62.
Eco World International 1Q profit jumps 10-fold to RM56m, pays one sen maiden dividend
KUALA LUMPUR (March 25): Eco World International Bhd’s (EWI) net profit jumped by more than 10-fold to RM56.
S P Setia to unveil Acorus 2 terraced homes this Saturday
PETALING JAYA (March 25): S P Setia Bhd will be launching Acorus 2, the second phase of its SEHati Collection terraced house development, in Setia EcoHill 2, Semenyih this Saturday (March 27).
EcoWorld’s unit issues RM180m sukuk
KUALA LUMPUR (March 24): Eco World Development Group Bhd (EcoWorld) said its wholly-owned subsidiary Eco World Capital Services Bhd has established a sukuk wakalah programme of RM500 million in nominal value.
