80 healthcare workers test positive for COVID-19, says Health DG

Mar 26

KUALA LUMPUR (March 26): 80 Malaysian healthcare workers have tested positive for COVID-19, according to health director-general Datuk Dr Noor Hisham Abdullah.

Another person dies from COVID-19, tally now at 21

Mar 26

KUALA LUMPUR (March 26): Another death from COVID-19 was reported to the Crisis Preparedness and Response Centre (CPRC) today, bringing the tally to 21, said health director-general Datuk Dr Noor Hisham Abdullah.

A tough year expected for Tiong Nam’s industrial property business — MIDF

Mar 26

KUALA LUMPUR (March 26): The tough operating environment amidst the COVID-19 outbreak will make it a challenging year for Tiong Nam Logistics Holdings Bhd’s property segment as property purchases will be delayed by businesses to conserve more cash, said MIDF Research.

COVID-19 to place Malaysian economy into technical recession, says AmBank

Mar 26

KUALA LUMPUR (March 26): AmBank Group Research said the coronavirus-induced recession is expected to place both the global economy as well as the Malaysian economy into technical recession.

CMMT provides 14-day rental waiver to non-essential services tenants

Mar 26

KUALA LUMPUR (March 26): Capitaland Malaysia Mall Trust (CMMT) will provide a 14-day rental waiver to tenants who provide non-essential services across all seven Capitaland malls amid the Movement Control Order (MCO), the trust said yesterday.

Consider tax rebates for SMEs including property management companies

Mar 26

PETALING JAYA (March 26): The government should consider giving tax waivers or rebates especially on Sales and Services Tax (SST) and corporate tax for small and medium sized businesses or SMEs as they will be among the hardest hit by the Movement Control Order (MCO) which is now extended a further two weeks to April 14, 2020 to stem the spread of the COVID-19 outbreak in Malaysia.

COVID-19 MCO: 'Unfit' property developers will fall

Mar 26

KUALA LUMPUR (March 26): With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and construction works halted until then.

Housing prices to fall?

Mar 26

KUALA LUMPUR (March 26): Housing prices in Malaysia are under pressure and Malaysian homebuyers could pick up some real bargains soon as the property market turns sour with the current COVID-19 outbreak, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.