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KUALA LUMPUR (July 28): MIDF Research has upgraded the property sector to "positive" (from "neutral") and said new property sales outlook will improve gradually in the second half of calendar year 2020 (2HCY20) due to the National Economic Recovery Plan (Penjana) incentives.

KUALA LUMPUR (July 28): Former Prime Minister Datuk Seri Najib Abdul Razak said that he is ready to face whatever may come at the SRC International Sdn Bhd trial verdict today.

KUALA LUMPUR (July 28): The Ministry of Health (MoH) will discuss with airline companies whether to conduct Covid-19 screenings on passengers who transit through Malaysia.

  PETALING JAYA (July 27): Despite office rents generally remaining stable, the resizing measures taken by some companies due to Covid-19 pandemic are likely to result in downward pressure on rentals and occupancy rates in the short-term, said Nawawi Tie Leung Property Consultants.

PETALING JAYA (July 27): Despite government incentives in economic packages and economic recovery plans, Nawawi Tie Leung Property Consultants anticipated that more residential properties are expected to be offloaded in the market as loan moratorium period ceases in end-September.

KUALA LUMPUR (July 27): Property developer SC Estate Builder Bhd said its wholly-owned unit SC Estate Industries Sdn Bhd had agreed to accept 21 pieces of freehold land with buildings as settlement of a RM2.

KUALA LUMPUR (July 27): Integrated industrial space solution provider AME Elite Consortium Bhd intends to invest RM25 million in capital expenditure (capex) to build two new blocks of i-Stay@Indahpura workers’ dormitories to support the requirements of customers in its i-Park@Indahpura industrial park in Kulai, Johor.

KUALA LUMPUR (July 27): Three subsidiaries under UEM Group Berhad, namely PLUS Malaysia Berhad (PLUS), UEM Edgenta Berhad and UEM Sunrise Berhad have unified the process of their Procurement, Finance and Human Resource (HR) divisions and operations in Malaysia through the adoption of cloud computing service.

The case of SRC funds totalling RM42 million Total number of charges: 7 3 counts of criminal breach of trust Offence: Section 409 of the  Penal Code Penalty: Maximum 20 years’ jail + whipping + a fine 1 count of abuse of power Offence: Section 23(1) of MACC Act 2009 (punishable under Section 24 of the same act) Penalty: Maximum 20 years’ jail + a fine of not less than five times the amount of the bribe, or RM10,000, whichever is higher 3 counts of money laundering Offence:  Section 4(1)(b) of AMLATFPUAA 2001 Penalty: Maximum 15 years’ jail + a fine of RM5 million, or five times the amount, whichever is higher, for each charge ALL eyes will be on the Kuala Lumpur High Court (Criminal 3) on Tuesday, when former prime minister Datuk Seri Najib Razak learns whether he will be acquitted of all seven charges against him in relation to RM42 million belonging to SRC International Sdn Bhd or whether the court will find him guilty of several, if not all, of the charges.

KUALA LUMPUR (July 26): Malaysia detected 13 new Covid-19 cases today, down from 23 yesterday, but remained in the double-digit range for the third straight day.