The Edge: Imposing a tax on unsold and vacant properties will be a disaster
It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.
Malaysia reports eight new Covid-19 cases, five from Tawar cluster
KUALA LUMPUR (Aug 22): Malaysia reported eight new Covid-19 cases today, of which five were from the Tawar cluster in Kedah, according to the Ministry of Health (MoH).
Plantation and Commodities Minister Khairuddin Aman Razali fined RM1,000 by MoH
KUALA LUMPUR (Aug 22): Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali (pictured) has been issued a compound for RM1,000 by the Ministry of Health.
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Report: Boustead Holdings plans to divest more than RM1b worth of properties
KUALA LUMPUR (Aug 22): Boustead Holdings Bhd has plans to divest more than RM1 billion worth of properties, reported The Edge Malaysia this week.
MTUC president wants labour ratio of 10 locals to a foreigner
PETALING JAYA (Aug 22): Malaysian Trades Union Congress (MTUC) president Abdul Halim Mansor wants the government to “enforce a ratio of locals to foreigners that’s 10-1” in the work force, FMT reported today.
Malaysia reports nine new Covid-19 cases, with emergence of new Maju cluster in KL
KUALA LUMPUR (Aug 21): Malaysia reported nine new COVID-19 cases today, of which five were locally transmitted and four were imported, according to the Ministry of Health (MoH).
WCE posts fifth straight quarterly loss; dragged by recognition of interest expenses
KUALA LUMPUR (Aug 21): Highway construction company WCE Holdings Bhd booked its fifth consecutive quarterly loss with RM30.
Boustead's KL property up for sale
PETALING JAYA (Aug 21): Boustead Holdings Bhd has put up one of its properties in Kuala Lumpur for sale.
Genting worst-hit KLCI stock on Genting HK's planned suspension of payments to creditors
KUALA LUMPUR (Aug 21): Casino and hotel operator Genting Bhd's share price fell more than 4% to become the worst-hit entity among the FBM KLCI's 30 stocks at Bursa Malaysia's afternoon break today after cruise ship operator Genting Hong Kong Ltd said on Wednesday (Aug 19) the company should temporarily suspend all payments to creditors to preserve liquidity.
E&O Residences KL to cease operations
KUALA LUMPUR (Aug 21): E&O Residences Kuala Lumpur (EOR KL) (pictured) will cease operations from next month, reported the New Straits Times yesterday.
