Covid-19: Expatriates cannot go on holidays overseas
KUALA LUMPUR (July 14): Expatriates living within Malaysia are not allowed to go on holidays overseas, reported The Star today.
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Despite BNM OPR cut, HLIB downgrades M-REITs as Covid-19 impairs earnings
KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.
DBE Gurney to beef up affordable housing arm
KUALA LUMPUR (July 14): DBE Gurney Resources Bhd, soon to be known as Lagenda Properties Bhd, will be significantly scaling up its affordable housing development arm by acquiring the developer of two housing projects.
Pandemic puts downward pressure on office rents and occupancy
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
Speaker urged to make firm ruling on Baling MP's offensive remarks
KUALA LUMPUR (July 14): Batu Kawan Member of Parliament (MP) Kasthuriraani Patto is urging newly appointed Dewan Rakyat Speaker Datuk Azhar Azizan Harun (pictured) to make a firm ruling on the deemed sexist and racist remarks made by the Baling MP yesterday.
Auditor General highlights issues on weaknesses, ineffectiveness in managing projects
KUALA LUMPUR (July 14): There are some issues of ineffectiveness, weaknesses and non-compliance in managing programmes, projects and activities, according to the Auditor General’s report.
Hextar Global subsidiary Halex Link completes land sale to Plato Chemical
KUALA LUMPUR (July 14): Hextar Global Bhd announced that its wholly-owned subsidiary Halex Link Sdn Bhd (HLSB) completed the sale of its industrial freehold land in Johor to Plato Chemical (M) Sdn Bhd (PCSB) yesterday.
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Jogging during MCO: Penang cardiologist changes plea to guilty
GEORGE TOWN (July 14): The cardiologist in Penang who hit the news after being caught by the local authorities for jogging on the second day of the movement control order back in March 19 has changed his please to guilty at the Magistrate’s Court here today, reported FMT.
Malaysia unemployment rate escalates to 5.3% in May
KUALA LUMPUR (July 14): Malaysia’s unemployment rate increased to 5.
Ex-parte application to seize US$340m from PetroSaudi and Tarek Obaid to be heard on Thursday
KUALA LUMPUR (July 14): The High Court today allowed an ex-parte application by public prosecutors to be heard on Thursday in a bid to obtain a prohibition order against PetroSaudi International Ltd and Tarek Obaid from using over US$340 million (RM1.
