IGB REIT says IQ income affected by MCO, sees grim outlook
KUALA LUMPUR (April 23): IGB Real Estate Investment Trust’s net property income (NPI) fell 14.
Singapore: 6 weeks' jail for man who breached stay-home notice to eat bak kut teh
KUALA LUMPUR (April 23): A Singapore man who breached a stay-home notice (SHN) in the island republic and went for a bak kut teh (pictured) meal was sentenced to six weeks' jail, The Straits Times (ST) reported today.
Razman won't be suspended despite probed over violating MCO: Perak MB
KUALA LUMPUR (April 23): Perak state executive councillor Razman Zakaria will not be suspended despite being probed over the violation of the movement control order (MCO), Malaysiakini reported today.
Sime Darby expects RM270m net gain from Tesco Malaysia stake sale
KUALA LUMPUR (April 22): Sime Darby Bhd has inked a deal to sell its 30% stake in Tesco Stores (M) Sdn Bhd for RM300 million.
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Developers looking at non-traditional commercial segments
PETALING JAYA (April 22): With the gloomy outlook for office and retail, alternative commercial properties such as student accommodation, senior living/retirement housing and co-living could become investments of choice, according to findings of Knight Frank Malaysia’s The Malaysia Commercial Real Estate Investment Sentiment Survey (CREISS) 2020 conducted in February 2020.
Covid-19: Malaysia’s 103 recoveries top 50 new infections; one more death reported
KUALA LUMPUR (April 22): Malaysia's daily new cases dropped today to 50, which is lower than the number of recoveries at 103.
Raise electricity tariff discount for malls and hotels to 25% from 15%, says MRMA
KUALA LUMPUR (April 22): The Malaysian REIT Managers Association (MRMA) is calling for relief measures to help the local real estate investment trusts (REITs) industry mitigate the adverse impacts it is currently facing.
Applications to return to cities can be made starting April 25
PETALING JAYA: Those who are wish apply to travel back to major cities can do so using the Gerak Malaysia app or at the nearest police station from April 25, said Senior Minister Datuk Seri Ismail Sabri Yaakob according to a Star report today.
Indonesian politician incarcerates lockdown violators in 'haunted houses'
KUALA LUMPUR (April 22): An Indonesian politician who has become so angry with people going against lockdown regulations in his country that she has proposed locking them in a “haunted house”, AFP reported yesterday Sragen regency head Kusdinar Untung Yuni Sukowati has announced such a policy following the influx of people to the area under her charge after lockdowns in Jakarta and other major Javanese cities.
Durians in Penang markets during MCO
GEORGE TOWN (April 22): This durian season in Penang will be different from before, with roadside durian stalls barred during the movement control order (MCO), the Malay Mail reported today.
