MRCB 1Q net profit up, but warns of significantly weaker performance in 2Q due to Covid-19 outbreak
KUALA LUMPUR (June 27): Malaysian Resources Corp Bhd’s (MRCB) net profit more than tripled to RM15.
The critical challenge posed by serviced apartments
The property market has been pummeled since the outbreak of Covid-19.
DONE DEAL: Serviced apartment, Kiara Designer Suites, Mont'Kiara, KL
Sold for: RM690,000 (RM548 psf) Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd When: December 2019 Noteworthy: ● Freehold ● Built-up: 1,259 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit ● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.
MoH stops using hydroxychloroquine for Covid-19 treatment as trials show the drug ineffective
KUALA LUMPUR (June 22): The Ministry of Health has stopped using hydroxychloroquine to treat Covid-19 patients, saying that the medication has proven to be ineffective.
More turning to property refinancing for cash
Owning a property can be more than a home or an investment.
Prosecution to amend charges against Goldman Sachs
KUALA LUMPUR (June 18): The prosecution in the government's RM27.
Savills Malaysia: Mall occupancy and rents in Greater KL remain stable in 1Q2020
PETALING JAYA (June 12): The average occupancy rate of malls in Greater Kuala Lumpur has remained stable, only falling marginally by 0.
Preventing fires in heritage buildings
Despite the substantial losses of lives and livelihoods in fire mishaps, the fire safety awareness among Malaysians remain slow.
Soft launch of Perla @ Ara Sentral gets good response
PETALING JAYA (June 11): Public transport operator Prasarana Malaysia Bhd serviced apartment project Perla @ Ara Sentral in Ara Damansara, Petaling Jaya has secured 70% bookings since the project's soft launch in February 2020.
Malaysia's wholesale and retail trade plunge as online retail sales surges
KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.
