News about REN

KUALA LUMPUR (March 19): Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

GEORGE TOWN (March 10): The Penang government should scrap the quit rent revision as the state’s first adjustment in three decades is based on a flawed framework, said a grouping of Chinese businessmen.

PETALING JAYA (Feb 26): Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.

KUALA LUMPUR (Feb 23): YTL Live, YTL Corporation Bhd's (KL:YTL) operating company for a new live entertainment complex in Bristol, has announced that Aviva, a diversified UK insurer, has been named the partner of Bristol’s 20,000-capacity indoor arena under a long-term sponsorship agreement.

PETALING JAYA (Feb 6): Clear compensation provisions must be stipulated in the Urban Renewal Act, says a legal expert.

KUALA LUMPUR (Jan 30): Rental scams in Malaysia are on the rise, but despite reports made, victims have shared that they see no tangible action to either recover their losses nor stem the criminal activities.

KUALA LUMPUR (Jan 23): The Urban Renewal Bill has been retracted by the Cabinet to allow for improvements to be made, according to Communications Minister Datuk Fahmi Fadzil.

KUALA LUMPUR (Jan 21): A government backbencher on Tuesday called on the government to speed up the tabling of the long awaiting Residential Tenancy Act (RTA), pointing to a growing reliance on renting among younger and urban households.

The proposal to use a 30-year building age as a redevelopment trigger under the Urban Renewal Act (URA) Bill (now in Parliament) remains fundamentally unsound, even with the Housing and Local Government (KPKT) Minister Nga Kor Ming’s latest suggestion of “reviewing” it.

KUALA LUMPUR (Jan 16): AFFIN Bank Bhd has launched AFFIN Home Reno/-i, a comprehensive home renovation financing solution, offering all-in-one financing for both interior and exterior works.