EPF plans to sell assets
KUALA LUMPUR (Feb 6): The Employees Provident Fund (EPF) “has identified at least seven assets” with a total estimated value of RM350 million to RM450 million to be put up for sale, sources told the Edge Malaysia.
Report: Jakel Group planning to build ‘74-storey-tall building’ in Golden Triangle
KUALA LUMPUR (Feb 6): A property developer company within the Jakel Group “is planning to build a 74-storey-tall building within the Golden Triangle near the Petronas Twin Towers in Jalan Pinang”, The Edge Malaysia reported this week.
Shopping mall and retail industries: ‘Desperate urgency’ to review SOPs to allow all businesses to open
(Feb 5): The shopping mall and retail industries and all businesses in our malls were initially relieved with the initial announcement that all business will be allowed to open with stricter SOPs.
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Taman Rimba Kiara: Residents call on KL mayor, YWP not to appeal Court of Appeal decision
KUALA LUMPUR (Feb 6): Taman Tun Dr Ismail Residents’ Association (TTDI RA) has today called on the KL mayor and Yayasan Wilayah Persekutuan not to appeal over the Jan 27 Court of Appeal decision on the status of Taman Rimba Kiara (pictured).
CNY celebration SOP: NSC relaxes on ‘20 people per home’ limit but all still must be members of same household
KUALA LUMPUR (Feb 6): The National Security Council (NSC) has decided to “lift” the "20 people per home" limit rule for the Chinese New Year celebrations, which include reunion dinners, Malaysiakini reported on new standard operating procedures (SOPs) released yesterday.
Amending Act to improve workers accommodation will raise business costs
KUALA LUMPUR (Feb 6): Migrant workers might not be the source of cheap labour in Malaysia soon.
Covid-19: Malaysia records 3,391 new cases, 19 deaths
KUALA LUMPUR (Feb 5): A total of 3,391 new Covid-19 cases was recorded by the Health Ministry today, compared with 4,571 yesterday.
Top Abu Dhabi executives implicated in 1MDB scam believed to have been convicted
KUALA LUMPUR (Feb 5): Were the two top executives of the Abu Dhabi wealth fund implicated in the 1MDB scandal convicted and jailed two days ago in the United Arab Emirates? According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.
Khazanah associate Parkway Life REIT divests non-core property in Japan for RM112m
KUALA LUMPUR (Feb 5): Khazanah Nasional Bhd's 35%-owned associate, Parkway Life Real Estate Investment Trust (REIT), has sold a non-core industrial property in Japan known as P-Life Matsudo for ¥2.
Implementation of new accounting standards to trim Sime Darby Property FY21-22 earnings by 10%-14% — CGS-CIMB Research
KUALA LUMPUR (Feb 5): The implementation of the IAS 23 borrowing cost accounting standard in Sime Darby Property Bhd's financial year ending Dec 31, 2021 (FY21) is likely to cut its earnings for FY21 to FY22 by 10% to 14%, according to CGS-CIMB Research.
