Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
SunCon’s 1Q net profit falls 47% on MCO impact, but group optimistic on prospects
KUALA LUMPUR (May 21): Sunway Construction Group Bhd’s (SunCon) first quarter net profit fell 47% year-on-year to RM16.
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JMBs will need to comply with flat rate maintenance fee ruling
PETALING JAYA (May 21): In light of the Federal Court's decision today to dismiss an application to appeal a Court of Appeal (COA) ruling on flat rate maintenance charge for mixed strata developments, the Malaysia Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin has advised Joint Management Bodies (JMBs) of such developments that are charging different maintenance rates for different parcels, to comply with the ruling.
Covid-19: 34 of 50 new cases today linked to new KL cluster
KUALA LUMPUR (May 21): Malaysia’s Covid-19 new cases jumped to 50 today, of which 47 were local transmissions, while three were imported cases, according to the Ministry of Health (MoH).
Rehda Malaysia marks 50th anniversary today
PETALING JAYA (May 21): The Real Estate and Housing Developers’ Association (Rehda) Malaysia celebrates its 50th anniversary today, signifying half a century of property development representation.
Shahrol says he can't comment on whether Najib was involved in PSOSL deal
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he could not comment on whether former prime minister Datuk Seri Najib Abdul Razak was involved in the dealings between the troubled fund and PetroSaudi International Ltd (PSI).
Churches to remain closed until MCO lifted: Council of Churches Malaysia
KUALA LUMPUR (May 21): The Council of Churches of Malaysia (CCM) has responded to the partial opening of non-Muslim places of worship on June 10 by saying that the group has decided to continue to keep churches closed until the movement control order (MCO) is lifted, Malaysiakini reported today.
Residential and commercial lots in mixed developments without strata title must be charged same maintenance rates, court rules
PUTRAJAYA (May 21): Residential and commercial lots within a mixed development without strata titles that are managed by a joint management body (JMB) must now be charged the same maintenance rates.
Shahrol: Jho Low gave my famous nasi goreng to Najib and the ex-PM liked it
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi shared an anecdote about his "famous nasi goreng" in explaining at the High Court today why he trusted fugitive financier Jho Low.
