Is e-commerce paying off for retailers?

KUALA LUMPUR (Jan 30): With the long drawn out effort to combat the Covid-19 pandemic, e-commerce has been touted as the saviour for retailers as consumers spend less time and money at physical stores.

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MCO: The impact on hotel transactions

KUALA LUMPUR (Jan 30): The various movement controls since March last year imposed by the government to combat the Covid-19 pandemic have no doubt been a big blow to the hospitality and tourism industries.

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Do not pay beyond 50% until property fully redeemed by developer

It sounds incredulous, but banks had initiated foreclosure proceedings against homebuyers, not because the latter had failed to pay their instalments, but to recover loans which their developers had defaulted! And this was legal because the developers had secured their loans by using the purchasers’ houses as collateral! The crux of the problem was that the Housing and Local Government Ministry’s (KPKT) prescribed sale and purchase agreement (SPA) allowed developers to build houses with the instalments of the purchase price paid by purchasers from the day the SPAs were signed.

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