Najib: I am ready. Come what may
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.
Parkson to be left with only one store in Vietnam after disposing of shopping centre
KUALA LUMPUR (July 28): Parkson Holdings Bhd’s unit, Parkson Haipong Co Ltd, has proposed to dispose of Parkson TD Plaza Shopping Center in Hai Phong, Vietnam for US$10 million (RM42.
MoH to discuss with airlines on Covid-19 screening for transit passengers
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.
New norm in workplace putting pressure on office rentals growth
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.
Nawawi Tie Leung: More homes are expected to be offloaded post moratorium period
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.
SC Estate unit accepts land plots in exchange for RM2.77m outstanding debt
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.
LBS Bina revises sales target down to RM1 bil for 2020
PETALING JAYA (July 27): Due to the Covid-19 pandemic and the ensuing Movement Control Order (MCO), LBS Bina Group Bhd (LBS) has revised its 2020 sales target to RM1 billion from the previously set figure of RM1.
Tree-cutting works outraged Section 16 & 17’s residents
PETALING JAYA (July 27): Petaling Jaya City Council (MBPJ)’s decision on cutting trees for road widening works at Jalan University has sparked outrage of the residents who are staying nearby, according to a report by The Star.
Zafrul: RM6.4b in estimated losses for banks during moratorium period
KUALA LUMPUR (July 27): Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the banking sector is estimated to see losses of RM6.
UEM Group’s subsidiaries enhance efficiency with cloud computing technology
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.
