Malaysian Bar urges government to adopt UK hybrid system and reconvene Parliament
KUALA LUMPUR (June 16): The Malaysian Bar has joined the list of parties who have made urgent calls for the government to reconvene parliament.
PM: Parliament can reconvene in September or October with strict SOPs
KUALA LUMPUR (June 15): Prime Minister Tan Sri Muhyiddin Yassin has given his commitment that Parliament will reconvene when the nation enters Phase 3 of the National Recovery Plan in September or October.
Public Bank says Covid-19 relief amounts to about RM40b so far
KUALA LUMPUR (June 14): Public Bank Bhd managing director and chief executive officer (CEO) Tan Sri Tay Ah Lek said today the group’s Covid-19-driven targeted loan repayment assistance programme had so far assisted over 160,000 customers who benefited from the bank’s pandemic relief amounting to about RM40 billion.
Tough times for hotel sector set to continue
KUALA LUMPUR (June 12): Times are bleak for the hotel industry and it predicts that things will not improve for the time being.
AmInvestment Bank Research cuts FV for Pavilion REIT, IGB REIT and YTL Hospitality REIT, increases it for Sunway REIT
KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.
Is the extension of HOC ‘privatising profits and socialising losses’?
The government on May 31, 2021 announced the RM40 billion PEMERKASA+ aid package, and one of the measures was extending the residential home stamp duty exemption scheme under the Home Ownership Campaign (HOC) for six months to Dec 31, 2021.
Innopac to enter joint venture to develop land in Perak into an industrial park
SINGAPORE (June 11): Beleaguered company Innopac Holdings announced that its wholly-owned subsidiary Awana Rentak has entered into a memorandum of understanding (MOU) with Malaysian developer Wanland Metro in relation to a joint venture to develop land in Tanjung Malim, Perak, Malaysia.
Why Cheras?
Bordering Ampang to the north and Kajang to the south, Cheras is one of the oldest residential areas in Kuala Lumpur with parts of it located in Selangor.
SRC's suits against four local parties set for case management on July 12
KUALA LUMPUR (June 10): The next case management for four lawsuits against local parties filed by 1Malaysia Development Bhd's (1MDB) former subsidiary SRC International Sdn Bhd to recover its assets has been set for July 12.
Panasonic’s solar cell and panel production plant in Kulim up for sale
PETALING JAYA (June 10): Panasonic Solar Energy Malaysia’s solar cell and panel production plant in Kulim Hi-Tech Park (KHPT) is now up for sale as Panasonic Group has ceased solar production operations in Malaysia, said Knight Frank Malaysia.
