Report: Club Med Cherating is up for sale with leaseback agreement
KUALA LUMPUR (Oct 14): The famous Club Med Cherating (pictured) is up for sale, according to a report by the New Straits Times (NST) yesterday.
MoH to start giving booster doses to senior citizens, frontliners on voluntary basis
KUALA LUMPUR (Oct 14): The Ministry of Health (MoH) on Wednesday said it will start giving out booster doses to senior citizens aged 60 years and above as well as frontline members who received a complete dose at least six months ago.
Vacant malls and office spaces: Utilise them creatively, says NAPIC
KUALA LUMPUR (Oct 13): Purpose-built offices and shopping malls are seeing an all-time low occupancy rate for the first time in 20 years, hence, operators have to be more creative in utilising the vacant space in the new normal, said National Property Information Centre (NAPIC) deputy director of inventory Ari Adam.
PEPS: Govt should buy unoccupied units and turn them to affordable housing
KUALA LUMPUR (Oct 13): The Government should consider purchasing and repurposing the unoccupied properties in matured areas and turn them into affordable housing to address two issues at one go, said the president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS), Michael Kong (pictured).
Motion to annul Emergency Ordinances postponed to next session of Parliament
KUALA LUMPUR (Oct 12): The motion to annul the Emergency Ordinances in the Dewan Rakyat on Tuesday (Oct 12) has been postponed to the next meeting.
Dewan Rakyat passes second reading of bill to raise statutory debt limit to 65%
KUALA LUMPUR (Oct 11): The Dewan Rakyat on Monday passed the second reading of the government’s bill to increase the statutory debt limit to 65% of gross domestic product (GDP) from 60% previously.
LBS unveils Prestige Residence in Seri Kembangan
PETALING JAYA (Oct 11): Property Developer LBS Bina Group Bhd has unveiled Prestige Residence with a gross development value of RM301 million in Seri Kembangan, Selangor.
Govt tables bill to raise debt limit
KUALA LUMPUR (Oct 11): The government on Monday tabled the Temporary Measures for Government Financing (Coronavirus Disease 2019) Amendment Act 2021 Bill to increase the federal government’s statutory debt limit from 60% to 65% of gross domestic product (GDP).
Genting subsidiary Resorts World Las Vegas to deduct back taxes on employees’ tips after 'system error'
KUALA LUMPUR (Oct 11): Genting Bhd’s 100%-owned subsidiary Resorts World Las Vegas LLC said the latter has taken steps to remedy an inadvertent "system error" that resulted in the under-withholding or deduction of taxes on tips received by some employees and that the amounts that should have been deducted will be withheld over the remaining pay periods in 2021.
Govt to incentivise other growing areas of solar industry in Budget 2022 — Solarvest CEO
KUALA LUMPUR (Oct 11): Ahead of the Budget 2022 announcement later this month, Solarvest Holdings Bhd opined that there will be no more incentives being planned by the government for the current solar industry, according to group chief executive officer (CEO) Davis Chong Chun Shiong.
