S P Setia records RM875m in sales for 1H2020
KUALA LUMPUR (Aug 13): S P Setia Bhd has achieved RM875 million in sales for the first half-year ended 30 June 2020, with local projects contributing RM702 million, the company announced.
New ceiling price of RM1 for three-ply face mask to start on Aug 15
KUALA LUMPUR (Aug 13): Malaysia’s new ceiling price for three-ply face masks at RM1 per piece will be enforced beginning Saturday (Aug 15) in line with the government’s decision on the mandatory use of the item to curb the spread of the Covid-19 pandemic, Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said today.
Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%
KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.
HBA: Make it black and white when renting out your property
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.
Illegal activities: Action to be taken against landlords of buildings, say cops
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.
Acryl Sani appointed acting Deputy Inspector-General of Police
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.
Malaysian retail REITs to see light at end of tunnel
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.
World's tallest prefab towers in Singapore 'being built' in Malaysia
KUALA LUMPUR (Aug 12): The residential project Avenue South Residences in Singapore will boast the tallest prefabricated buildings in the world and Malaysia’s claim to fame will be that their “modules” are made in a factory in Senai, Johor.
Lawyers question why Najib allowed stay of RM210m fine
KUALA LUMPUR (Aug 12): Two lawyers, including one who had represented former premier Tun Dr Mahathir Mohamad, are questioning why Datuk Seri Najib Razak (pictured) is allowed a stay in paying the RM210 million fine after he was found guilty of all charges by the High Court in the SRC International Sdn Bhd case last month.
Witness: Zahid gave 92 cheques worth over RM76m to Yayasan Al-Falah despite not being a trustee
KUALA LUMPUR (Aug 12): Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi handed over 92 cheques totalling more than RM76 million to Yayasan Al-Falah from 2016 to 2018 via law firm Lewis & Co, despite not being a trustee to the foundation, a partner with the law firm confirmed in court today.
