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The Covid-19 pandemic almost paralysed Malaysia during the Movement Control Order (MCO) lockdown period for six weeks from March 18, but business owners are optimistic that the market is gradually resuming its pace especially in the current Recovery MCO.

KUALA LUMPUR (Aug 13): The Ministry of Health (MoH) announced 15 new Covid-19 cases as of noon today, nine of which are from a new cluster named Tawar that was found in Baling, Kedah.

PETALING JAYA (Aug 13): Sime Darby Property’s latest project, Lumira 2, in Bandar Bukit Raja, Klang, has received good response from buyers, with 70% of the units being taken up.

KUALA LUMPUR (Aug 13): Singapore-listed property company Aspen (Group) Holdings Ltd has announced it will be teaming up with CMY Capital Sdn Bhd, an investment holding company founded by prominent businessman Tan Sri Chua Ma Yu, and another investor to diversify into the manufacture and distribution of rubber gloves.

KUALA LUMPUR (Aug 13): There is no need to impose vacancy tax on unsold units of luxury high-rise residences in the Klang Valley as the number remains low, said Deputy Federal Territories Minister Datuk Seri Dr Edmund Santhara Kumar.

PETALING JAYA (Aug 13): The National House Buyers Association (HBA) reminded landlords to be wary of the activities that will be carried out in their premises before renting out their units, reported The Star.

PETALING JAYA (Aug 13): Bukit Aman CID director Comm Datuk Huzir Mohamed warned that stern action will be taken against illegal gambling syndicates and also the owners of premises who lease out their properties or buildings for illegal activities, reported The Star.

KUALA LUMPUR (Aug 13): Director of Bukit Aman’s Internal Security and Public Order Department, Datuk Seri Acryl Sani Abdullah Sani, has been appointed acting Deputy Inspector-General of Police (IGP), effective today.

KUALA LUMPUR (Aug 12): A gradual recovery is underway in the retail industry, which is signalling Malaysian real estate investment trusts (REITs) in the retail space are set to see light at the end of the tunnel after the pandemic-induced slump.

KUALA LUMPUR (Aug 12): The High Court has adjourned to Aug 19 the hearing of PetroSaudi Oil Services (Venezuela) Ltd (Incorporated in Barbados) (PSOSL)’s application to vary an interim order granted last month that blocked the movement of US4340.