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KUALA LUMPUR (July 30): The extension of the loan moratorium for targeted groups announced by the Government today has a “minimised” impact on the country’s banking sector, said MIDF Research economist Mazlina Abdul Rahman.

KUALA LUMPUR (July 30): Resorts World Genting has mandated that all visitors to the tourist destination must wear face masks beginning Aug 1 in line with a government directive.

Sold for: RM450,000 (RM404 psf) Concluded by: John Oh Ewe Hock (REN 07002) (012-298 6266) of Oriental Real Estate Sdn Bhd Date: May 2020 Noteworthy: ● Freehold ● Built-up size: 1,114 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit with home appliances and built-in cabinets and wardrobe ● Facilities: Swimming pool, gym, karaoke lounge, tennis court, gazebo, function room and playground ● Amenities: Schools and colleges, commercial area, eateries and restaurant, banks, petrol station and shopping mall ● Five minutes away from the NKVE interchange.

KUALA LUMPUR (July 30): The announcement of the moratorium extension and loan repayment flexibility will mitigate forced or panic selling that could further distress the property market and restore certainty in terms of value for both the secondary market and the value of property in general, said CBRE|WTW managing director Foo Gee Jen.

KUALA LUMPUR (July 29): KIP Real Estate Investment Trust (KIP REIT)’s net property income (NPI) grew 17% to RM13.

KUALA LUMPUR (July 29): Malaysia reported 13 new cases of Covid-19 as of noon today, raising the country’s total to 8,956 cases.

PETALING JAYA (July 29): Taman Tun Dr Ismail Residents’ Association (TTDI RA) has called on Kuala Lumpur City Hall (DBKL) and Federal Territories Minister Tan Sri Annuar Musa to retain Taman Rimba Kiara’s name until the court process over a controversial development in the park is completed.

KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.

KUALA LUMPUR (July 29): The police has stated that fugitive dealmaker/businessman Low Taek Jho (pictured) aka Jho Low could most probably be living in Macau.

KUALA LUMPUR (July 29): Copper wire and rod maker Ta Win Holdings Bhd has teamed up with a Terengganu strategic investment agency to jointly develop an industrial park at a gross development cost of RM2.